Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,154 shares of the company's stock after selling 12,452 shares during the period. Denali Advisors LLC owned approximately 0.37% of Merchants Bancorp worth $6,296,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted 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 buying an additional 132,841 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Merchants Bancorp by 11.5% in the 4th quarter. American Century Companies Inc. now owns 474,904 shares of the company's stock worth $17,320,000 after buying an additional 48,881 shares during the period. Banc Funds Co. LLC increased its holdings in shares of Merchants Bancorp by 2.8% in the 4th quarter. Banc Funds Co. LLC now owns 400,615 shares of the company's stock valued at $14,610,000 after acquiring an additional 11,000 shares during the period. Boston Partners raised its position in shares of Merchants Bancorp by 2.9% in the 4th quarter. Boston Partners now owns 337,235 shares of the company's stock worth $12,500,000 after acquiring an additional 9,386 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Merchants Bancorp by 25.2% in the fourth quarter. JPMorgan Chase & Co. now owns 280,942 shares of the company's stock valued at $10,246,000 after acquiring an additional 56,514 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors.

Merchants Bancorp Stock Down 0.9%

Shares of MBIN traded down $0.33 during midday trading on Friday, hitting $34.83. The company had a trading volume of 143,955 shares, compared to its average volume of 177,775. The company's 50-day simple moving average is $33.08 and its 200-day simple moving average is $35.74. The firm has a market capitalization of $1.60 billion, a P/E ratio of 6.40 and a beta of 1.28. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $53.27. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 1.20.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.32). Merchants Bancorp had a return on equity of 19.09% and a net margin of 20.73%. The business had revenue of $287.20 million for the quarter, compared to analysts' expectations of $169.00 million. As a group, sell-side analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a $0.10 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Merchants Bancorp's dividend payout ratio is presently 7.35%.

Wall Street Analyst Weigh In

MBIN has been the topic of several recent research reports. Wall Street Zen downgraded shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Raymond James Financial reiterated an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th.

Merchants Bancorp 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.