Merchants Bancorp (NASDAQ:MBIN) Insider Scott A. Evans Sells 25,000 Shares

Merchants Bancorp (NASDAQ:MBIN) insider Scott A. Evans sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the completion of the transaction, the insider now owns 27,606 shares in the company, valued at approximately $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Merchants Bancorp Price Performance

Shares of MBIN stock opened at $42.35 on Thursday. Merchants Bancorp has a 1 year low of $34.16 and a 1 year high of $53.27. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The firm’s 50 day moving average is $38.20 and its 200-day moving average is $41.72. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.01 and a beta of 1.14.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. Sell-side analysts forecast that Merchants Bancorp will post 5.73 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a $0.09 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.85%. Merchants Bancorp’s payout ratio is 5.96%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James reduced their target price on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Piper Sandler increased their target price on Merchants Bancorp from $48.00 to $52.50 and gave the stock an “overweight” rating in a report on Tuesday, November 26th.

Institutional Trading of Merchants Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBIN. Elser Financial Planning Inc bought a new position in shares of Merchants Bancorp in the 4th quarter valued at about $994,207,000. Dimensional Fund Advisors LP lifted its holdings in Merchants Bancorp by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,893 shares of the company’s stock valued at $41,465,000 after buying an additional 94,781 shares during the period. Geode Capital Management LLC boosted its stake in Merchants Bancorp by 3.0% in the third 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. Royce & Associates LP grew its holdings in Merchants Bancorp by 143.1% during the 3rd quarter. Royce & Associates LP now owns 490,189 shares of the company’s stock worth $22,039,000 after acquiring an additional 288,553 shares during the period. Finally, State Street Corp raised its position in shares of Merchants Bancorp by 4.7% during 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. 24.57% of the stock is owned by institutional investors.

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.