Basswood Capital Management L.L.C. Sells 20,201 Shares of Merchants Bancorp (NASDAQ:MBIN)

Basswood Capital Management L.L.C. lowered its position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 581,753 shares of the company's stock after selling 20,201 shares during the period. Basswood Capital Management L.L.C. owned about 1.27% of Merchants Bancorp worth $21,217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MBIN. Kestra Investment Management LLC purchased a new stake in Merchants Bancorp during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in Merchants Bancorp in the fourth quarter valued at approximately $82,000. Matrix Trust Co boosted its stake in shares of Merchants Bancorp by 730.8% during the fourth quarter. Matrix Trust Co now owns 2,642 shares of the company's stock valued at $96,000 after purchasing an additional 2,324 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Merchants Bancorp by 118.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock worth $130,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Inceptionr LLC increased its stake in shares of Merchants Bancorp by 13.7% in the fourth quarter. Inceptionr LLC now owns 5,718 shares of the company's stock worth $209,000 after buying an additional 687 shares during the period. Institutional investors own 24.57% of the company's stock.

Merchants Bancorp Trading Down 0.6 %

Shares of MBIN traded down $0.18 during trading hours on Friday, reaching $31.29. 64,352 shares of the company traded hands, compared to its average volume of 191,413. Merchants Bancorp has a 12 month low of $27.25 and a 12 month high of $53.27. The company's fifty day moving average price is $34.74 and its two-hundred day moving average price is $37.91. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.96 and a beta of 1.31.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.32). Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. The business had revenue of $287.20 million during the quarter, compared to the consensus estimate of $169.00 million. Equities research analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's payout ratio is currently 7.35%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James reissued an "outperform" rating and set a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Piper Sandler upped 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. Finally, Morgan Stanley dropped 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.

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.