Boston Partners Sells 294,314 Shares of Merchants Bancorp $MBIN

Boston Partners trimmed its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 87.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,921 shares of the company's stock after selling 294,314 shares during the period. Boston Partners owned approximately 0.09% of Merchants Bancorp worth $1,450,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MBIN. Nuveen LLC bought a new stake in shares of Merchants Bancorp in the first quarter valued at about $5,275,000. Dimensional Fund Advisors LP lifted its holdings 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 valued at $46,211,000 after purchasing an additional 132,841 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Merchants Bancorp by 21.2% in the first quarter. Royce & Associates LP now owns 686,507 shares of the company's stock valued at $25,401,000 after purchasing an additional 120,262 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Merchants Bancorp by 214.1% in the fourth quarter. Millennium Management LLC now owns 126,087 shares of the company's stock valued at $4,598,000 after purchasing an additional 85,948 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Merchants Bancorp by 254.5% in the fourth quarter. Renaissance Technologies LLC now owns 87,200 shares of the company's stock valued at $3,180,000 after purchasing an additional 62,600 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MBIN. Raymond James Financial restated an "outperform" rating and issued a $40.00 price target (down from $41.00) on shares of Merchants Bancorp in a report on Tuesday, July 29th. Piper Sandler reiterated an "overweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Merchants Bancorp in a report on Wednesday, July 30th. Wall Street Zen lowered Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley dropped their target price on Merchants Bancorp from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 29th.

Merchants Bancorp Stock Performance

MBIN opened at $31.98 on Monday. Merchants Bancorp has a 52-week low of $27.25 and a 52-week high of $47.94. The firm has a market capitalization of $1.47 billion, a PE ratio of 7.03 and a beta of 1.30. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.88 and a current ratio of 1.20. The business's 50-day simple moving average is $33.02 and its 200 day simple moving average is $34.92.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.52). The company had revenue of $179.20 million for the quarter, compared to the consensus estimate of $161.10 million. Merchants Bancorp had a return on equity of 16.06% and a net margin of 18.06%. As a group, sell-side analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

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.

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