SG Americas Securities LLC Boosts Stake in Merchants Bancorp (NASDAQ:MBIN)

SG Americas Securities LLC boosted its stake in Merchants Bancorp (NASDAQ:MBIN) by 80.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,499 shares of the company’s stock after buying an additional 4,227 shares during the quarter. SG Americas Securities LLC’s holdings in Merchants Bancorp were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MBIN. nVerses Capital LLC lifted its stake in Merchants Bancorp by 650.0% in the 2nd quarter. nVerses Capital LLC now owns 1,500 shares of the company’s stock valued at $61,000 after buying an additional 1,300 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Merchants Bancorp by 54.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company’s stock worth $163,000 after purchasing an additional 1,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Merchants Bancorp by 79.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the company’s stock worth $193,000 after purchasing an additional 2,101 shares during the period. Wellington Wealth Strategies LLC. purchased a new position in shares of Merchants Bancorp during the 1st quarter worth $202,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Merchants Bancorp during the 1st quarter worth $202,000. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Trading Up 0.8 %

MBIN stock opened at $45.06 on Friday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 7.07 and a beta of 1.09. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $44.19 and a 200-day simple moving average of $42.84. Merchants Bancorp has a 52 week low of $25.78 and a 52 week high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, July 29th. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08). The firm had revenue of $359.62 million for the quarter, compared to analyst estimates of $160.70 million. Merchants Bancorp had a return on equity of 25.54% and a net margin of 23.14%. During the same quarter in the previous year, the company earned $1.31 earnings per share. On average, equities research analysts expect that Merchants Bancorp will post 6.08 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.09 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.36 annualized dividend and a yield of 0.80%. Merchants Bancorp’s dividend payout ratio is currently 5.65%.

Insider Activity at Merchants Bancorp

In related news, CEO Michael F. Petrie sold 22,050 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $45.34, for a total value of $999,747.00. Following the completion of the sale, the chief executive officer now directly owns 1,990,545 shares in the company, valued at approximately $90,251,310.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael R. Dury acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of $44.82 per share, with a total value of $268,920.00. Following the transaction, the chief executive officer now directly owns 88,593 shares in the company, valued at approximately $3,970,738.26. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael F. Petrie sold 22,050 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $45.34, for a total transaction of $999,747.00. Following the transaction, the chief executive officer now directly owns 1,990,545 shares in the company, valued at $90,251,310.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley assumed coverage on Merchants Bancorp in a research note on Monday, September 9th. They set an “equal weight” rating and a $54.00 price target on the stock. Raymond James lowered Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $55.00 to $58.00 in a research note on Tuesday, July 30th.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.