Dimensional Fund Advisors LP Acquires 132,841 Shares of Merchants Bancorp (NASDAQ:MBIN)

Dimensional Fund Advisors LP raised its holdings in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267,109 shares of the company's stock after purchasing an additional 132,841 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.77% of Merchants Bancorp worth $46,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBIN. Elser Financial Planning Inc bought a new stake in shares of Merchants Bancorp during the 4th quarter worth about $994,207,000. PL Capital Advisors LLC boosted its holdings in shares of Merchants Bancorp by 3,547.0% during 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 during the period. Moran Wealth Management LLC acquired a new position in shares of Merchants Bancorp in the fourth quarter valued at approximately $3,524,000. Endeavour Capital Advisors Inc. acquired a new position in shares of Merchants Bancorp in the fourth quarter valued at approximately $3,509,000. Finally, Royce & Associates LP increased its stake in shares of Merchants Bancorp by 15.5% during the fourth quarter. Royce & Associates LP now owns 566,245 shares of the company's stock worth $20,651,000 after purchasing an additional 76,056 shares during the period. 24.57% of the stock is owned by institutional investors.

Merchants Bancorp Price Performance

Shares of NASDAQ MBIN opened at $31.31 on Friday. The business has a fifty day moving average price of $35.53 and a two-hundred day moving average price of $38.24. The stock has a market capitalization of $1.44 billion, a PE ratio of 4.96 and a beta of 1.31. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). The company had revenue of $287.20 million during the quarter, compared to analyst estimates of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, equities 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.10 per share. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. Merchants Bancorp's dividend payout ratio (DPR) is currently 7.35%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MBIN. Piper Sandler upped their price objective on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a report on Thursday, January 30th. Raymond James restated an "outperform" rating and issued a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Finally, Morgan Stanley dropped their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th.

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.

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