Banc Funds Co. LLC Has $14.61 Million Stake in Merchants Bancorp (NASDAQ:MBIN)

Banc Funds Co. LLC raised its holdings in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 400,615 shares of the company's stock after acquiring an additional 11,000 shares during the period. Merchants Bancorp makes up 1.6% of Banc Funds Co. LLC's holdings, making the stock its 17th largest position. Banc Funds Co. LLC owned 0.88% of Merchants Bancorp worth $14,610,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Elser Financial Planning Inc bought a new stake in Merchants Bancorp in the fourth quarter valued at about $994,207,000. Valeo Financial Advisors LLC increased its stake in shares of Merchants Bancorp by 3.1% in 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 raised its position in shares of 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 period. State Street Corp boosted its stake in Merchants Bancorp by 4.7% during the 3rd quarter. State Street Corp now owns 448,525 shares of the company's stock worth $20,205,000 after acquiring an additional 20,214 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Merchants Bancorp by 85.3% during the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company's stock valued at $1,504,000 after purchasing an additional 15,342 shares during the period. Institutional investors and hedge funds own 24.57% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James dropped their price objective on Merchants Bancorp from $53.00 to $45.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley decreased their price objective on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Piper Sandler increased their price target on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a research report on Thursday, January 30th.

Insider Transactions at Merchants Bancorp

In related news, insider Scott A. Evans sold 25,000 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total value of $1,077,500.00. Following the completion of the sale, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. The trade was a 47.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 34.80% of the company's stock.

Merchants Bancorp Stock Performance

Shares of MBIN traded up $1.10 during midday trading on Tuesday, reaching $32.16. The stock had a trading volume of 71,454 shares, compared to its average volume of 190,015. 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 has a 50 day simple moving average of $37.44 and a 200-day simple moving average of $39.01. The firm has a market cap of $1.47 billion, a PE ratio of 5.10 and a beta of 1.15. Merchants Bancorp has a one year low of $30.73 and a one year high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.85 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, sell-side analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.24%. Merchants Bancorp's dividend payout ratio (DPR) is 6.34%.

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.