Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. reduced its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 47.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,602 shares of the company’s stock after selling 30,000 shares during the period. Rosenthal Henry Capital Advisors Inc.’s holdings in Merchants Bancorp were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in shares of Merchants Bancorp by 143.1% during the third quarter. Royce & Associates LP now owns 490,189 shares of the company’s stock worth $22,039,000 after buying an additional 288,553 shares in the last quarter. State Street Corp raised its holdings in Merchants Bancorp by 4.7% in the 3rd quarter. State Street Corp now owns 448,525 shares of the company’s stock valued at $20,205,000 after acquiring an additional 20,214 shares during the last quarter. Geode Capital Management LLC raised its holdings in Merchants Bancorp by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company’s stock valued at $25,476,000 after acquiring an additional 16,666 shares during the last quarter. Barclays PLC lifted its stake in shares of Merchants Bancorp by 351.8% during the 3rd quarter. Barclays PLC now owns 28,312 shares of the company’s stock worth $1,273,000 after purchasing an additional 22,046 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Merchants Bancorp by 85.3% during the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company’s stock worth $1,504,000 after purchasing an additional 15,342 shares during the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Stock Performance

Shares of NASDAQ:MBIN opened at $41.93 on Monday. The business has a 50-day moving average of $38.28 and a two-hundred day moving average of $41.61. The firm has a market capitalization of $1.92 billion, a PE ratio of 6.65 and a beta of 1.15. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. Merchants Bancorp has a 12 month low of $34.16 and a 12 month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, research analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, December 13th. Merchants Bancorp’s dividend payout ratio is presently 5.71%.

Insider Activity at Merchants Bancorp

In other news, Director Patrick D. O’brien purchased 40,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director now owns 40,000 shares in the company, valued at approximately $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott A. Evans sold 25,000 shares of Merchants Bancorp stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the sale, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MBIN shares. Piper Sandler increased their target price on Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $50.00) on shares of Merchants Bancorp in a research report on Thursday.

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.