Barclays PLC Grows Position in Merchants Bancorp (NASDAQ:MBIN)

Barclays PLC boosted its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 351.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,312 shares of the company’s stock after acquiring an additional 22,046 shares during the period. Barclays PLC owned 0.06% of Merchants Bancorp worth $1,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MBIN. Victory Capital Management Inc. grew its position in shares of Merchants Bancorp by 3.7% during the third quarter. Victory Capital Management Inc. now owns 12,734 shares of the company’s stock valued at $573,000 after purchasing an additional 456 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Merchants Bancorp by 9.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,340 shares of the company’s stock valued at $240,000 after buying an additional 460 shares during the last quarter. Sei Investments Co. grew its holdings in Merchants Bancorp by 10.3% during the 2nd quarter. Sei Investments Co. now owns 8,571 shares of the company’s stock valued at $347,000 after buying an additional 800 shares in the last quarter. CWM LLC increased its stake in 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Merchants Bancorp by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company’s stock worth $914,000 after acquiring an additional 1,099 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MBIN has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of Merchants Bancorp from $48.00 to $52.50 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Raymond James reduced their target price on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th.

Insider Buying and Selling

In other Merchants Bancorp news, Director Patrick D. O’brien acquired 40,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $25.00 per share, with a total value of $1,000,000.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $1,000,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 39.70% of the stock is currently owned by corporate insiders.

Merchants Bancorp Price Performance

Shares of Merchants Bancorp stock opened at $35.36 on Tuesday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 5.85 and a beta of 1.14. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. The stock has a 50 day moving average price of $38.42 and a 200-day moving average price of $41.93. Merchants Bancorp has a one year low of $34.16 and a one year high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Monday, October 28th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. The firm had revenue of $355.67 million for the quarter, compared to analysts’ expectations of $156.13 million. During the same period in the previous year, the firm earned $1.68 earnings per share. Equities analysts expect that Merchants Bancorp will post 5.74 EPS for the current year.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 1.02%. Merchants Bancorp’s payout ratio is 5.96%.

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.