Capstone Investment Advisors LLC Makes New $951,000 Investment in Merchants Bancorp $MBIN

Key Points

• Capstone Investment Advisors acquired 19,018 shares of Merchants Bancorp worth approximately $951,000, while several other institutional investors also initiated positions. Institutions collectively own 24.57% of the company.
• Merchants Bancorp reported quarterly EPS of $1.48, beating analyst expectations of $1.22, on revenue of $182.22 million. Analysts expect full-year EPS of $5.58, and the stock carries a consensus “Buy” rating.
• The company declared a quarterly dividend of $0.11, equivalent to $0.44 annually and a 0.8% yield. Shares opened at $53.26, near their 52-week high of $56.87.

Capstone Investment Advisors LLC acquired a new position in Merchants Bancorp (NASDAQ:MBIN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,018 shares of the company's stock, valued at approximately $951,000.

A number of other large investors also recently modified their holdings of MBIN. Bank of America Corp DE bought a new stake in Merchants Bancorp during the second quarter worth $6,057,000. Basswood Capital Management L.L.C. bought a new position in Merchants Bancorp during the 2nd quarter valued at $13,687,000. Jupiter Topco LLC bought a new position in Merchants Bancorp during the 2nd quarter valued at $354,000. Legal & General Group Plc purchased a new position in Merchants Bancorp during the 2nd quarter worth $3,219,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Merchants Bancorp in the 2nd quarter worth $436,000. Institutional investors own 24.57% of the company's stock.

Merchants Bancorp Trading Down 0.4%

Shares of Merchants Bancorp stock opened at $53.26 on Friday. Merchants Bancorp has a 1 year low of $30.37 and a 1 year high of $56.87. The firm has a market cap of $2.45 billion, a PE ratio of 10.69 and a beta of 1.14. The stock has a fifty day moving average price of $51.33 and a 200-day moving average price of $47.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.21 and a quick ratio of 0.89.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.26. The company had revenue of $182.22 million for the quarter, compared to analysts' expectations of $179.00 million. Merchants Bancorp had a return on equity of 15.29% and a net margin of 19.80%. Equities research analysts anticipate that Merchants Bancorp will post 5.58 EPS for the current year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 0.8%. Merchants Bancorp's payout ratio is currently 8.84%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Raymond James Financial lowered shares of Merchants Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 1st. Morgan Stanley reaffirmed a "positive" rating and issued a $49.00 price objective (up from $46.00) on shares of Merchants Bancorp in a research report on Monday, June 29th. Piper Sandler reiterated an "overweight" rating and issued a $64.00 price objective on shares of Merchants Bancorp in a research note on Wednesday, July 29th. Zacks Research raised shares of Merchants Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Merchants Bancorp in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Merchants Bancorp presently has a consensus rating of "Buy" and a consensus target price of $51.50.

Insider Buying and Selling

In other Merchants Bancorp news, Director Julia L. Kaercher sold 9,000 shares of the business's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $55.20, for a total value of $496,800.00. Following the transaction, the director directly owned 727,103 shares in the company, valued at $40,136,085.60. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 44.90% of the company's stock.

About Merchants Bancorp

Merchants Bancorp NASDAQ: MBIN is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company's primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.

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