US Bancorp DE Increases Stake in Merchants Bancorp (NASDAQ:MBIN)

US Bancorp DE grew its stake in Merchants Bancorp (NASDAQ:MBIN) by 8,677.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,881 shares of the company’s stock after purchasing an additional 5,814 shares during the period. US Bancorp DE’s holdings in Merchants Bancorp were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Merchants Bancorp by 209.4% in the 3rd quarter. CWM LLC now owns 1,284 shares of the company’s stock worth $58,000 after acquiring an additional 869 shares during the last quarter. nVerses Capital LLC grew its position in Merchants Bancorp by 650.0% in the second quarter. nVerses Capital LLC now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,300 shares during the period. Point72 Asset Management L.P. grew its position in Merchants Bancorp by 54.3% in the second quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company’s stock worth $163,000 after acquiring an additional 1,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Merchants Bancorp by 79.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the company’s stock worth $193,000 after acquiring an additional 2,101 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Merchants Bancorp during the first quarter worth $202,000. Institutional investors and hedge funds own 24.57% of the company’s stock.

Insider Transactions at Merchants Bancorp

In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.00, for a total value of $3,300,000.00. Following the transaction, the insider now directly owns 748,000 shares in the company, valued at $32,912,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael F. Petrie sold 22,050 shares of the firm’s stock in a transaction that occurred on 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 owns 1,990,545 shares in the company, valued at $90,251,310.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Randall D. Rogers sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.00, for a total value of $3,300,000.00. Following the completion of the sale, the insider now owns 748,000 shares of the company’s stock, valued at approximately $32,912,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MBIN. Raymond James lowered their target price on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price objective (down previously from $56.00) on shares of Merchants Bancorp in a report on Wednesday, October 30th. Finally, Morgan Stanley started coverage on shares of Merchants Bancorp in a research report on Monday, September 9th. They set an “equal weight” rating and a $54.00 price target on the stock.

Merchants Bancorp Stock Down 0.1 %

MBIN stock opened at $40.75 on Thursday. Merchants Bancorp has a fifty-two week low of $31.84 and a fifty-two week high of $53.27. The company’s 50 day moving average price is $43.02 and its 200 day moving average price is $42.98. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.78 and a current ratio of 1.15. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 6.75 and a beta of 1.12.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, October 28th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.25). The firm had revenue of $355.67 million during the quarter, compared to analyst estimates of $156.13 million. Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. During the same quarter in the previous year, the business posted $1.68 earnings per share. On average, equities research analysts anticipate that Merchants Bancorp will post 5.77 EPS for the current fiscal year.

Merchants Bancorp 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.