Black Maple Capital Management LP Makes New Investment in Merchants Bancorp (NASDAQ:MBIN)

Black Maple Capital Management LP bought a new position in Merchants Bancorp (NASDAQ:MBIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,557 shares of the company's stock, valued at approximately $640,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elser Financial Planning Inc acquired a new stake in Merchants Bancorp during the 4th quarter worth approximately $994,207,000. PL Capital Advisors LLC increased its position in shares of Merchants Bancorp by 3,547.0% in the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock worth $250,442,000 after acquiring an additional 6,678,788 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Merchants Bancorp by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock worth $46,211,000 after acquiring an additional 132,841 shares in the last quarter. Moran Wealth Management LLC purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at $3,524,000. Finally, Endeavour Capital Advisors Inc. acquired a new position in shares of Merchants Bancorp during the 4th quarter valued at $3,509,000. Institutional investors and hedge funds own 24.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MBIN. Morgan Stanley lowered their price target 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. Piper Sandler increased their target price on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Raymond James reissued an "outperform" rating and set a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th.

Merchants Bancorp Stock Down 0.6 %

Merchants Bancorp stock traded down $0.18 during midday trading on Friday, hitting $31.29. 64,352 shares of the stock were exchanged, compared to its average volume of 191,413. 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 company has a 50 day moving average price of $34.74 and a two-hundred day moving average price of $37.91. The firm has a market cap of $1.44 billion, a P/E ratio of 4.96 and a beta of 1.31. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.93 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 analyst estimates of $169.00 million. On average, sell-side analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's dividend payout ratio (DPR) is currently 7.35%.

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.