Semanteon Capital Management LP Invests $523,000 in Merchants Bancorp (NASDAQ:MBIN)

Semanteon Capital Management LP bought a new position in shares of Merchants Bancorp (NASDAQ:MBIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,341 shares of the company’s stock, valued at approximately $523,000.

Other large investors have also modified their holdings of the company. Elser Financial Planning Inc acquired a new position in shares of Merchants Bancorp during the 4th quarter valued at about $994,207,000. Valeo Financial Advisors LLC boosted its position in shares of Merchants Bancorp by 3.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 225,419 shares of the company’s stock valued at $8,221,000 after acquiring an additional 6,882 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Merchants Bancorp by 3.0% during 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. State Street Corp boosted 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. Finally, Barclays PLC boosted its position in shares of Merchants Bancorp by 351.8% during the 3rd quarter. Barclays PLC now owns 28,312 shares of the company’s stock valued at $1,273,000 after acquiring an additional 22,046 shares during the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Trading Down 1.8 %

NASDAQ MBIN opened at $38.22 on Friday. The firm’s 50-day moving average is $40.13 and its two-hundred day moving average is $40.60. Merchants Bancorp has a 12 month low of $34.16 and a 12 month high of $53.27. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The stock has a market capitalization of $1.75 billion, a P/E ratio of 6.06 and a beta of 1.16.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results 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 net margin of 22.08% and a return on equity of 22.86%. On average, sell-side analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.09. Merchants Bancorp’s dividend payout ratio is currently 6.34%.

Insider Transactions at Merchants Bancorp

In other news, insider Scott A. Evans sold 25,000 shares of the 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 sale, the insider now owns 27,606 shares of the company’s stock, valued at approximately $1,189,818.60. This represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MBIN shares. Morgan Stanley lowered their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Piper Sandler boosted their price target on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $53.00 target price (up previously from $50.00) on shares of Merchants Bancorp in a research report on Thursday, January 30th.

About Merchants Bancorp

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.