Denali Advisors LLC Trims Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

Denali Advisors LLC reduced its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,154 shares of the company's stock after selling 12,452 shares during the quarter. Denali Advisors LLC owned 0.37% of Merchants Bancorp worth $6,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Merchants Bancorp by 182.2% in the first quarter. Signaturefd LLC now owns 731 shares of the company's stock valued at $27,000 after acquiring an additional 472 shares in the last quarter. CWM LLC grew its stake in shares of Merchants Bancorp by 168.9% during the first quarter. CWM LLC now owns 1,358 shares of the company's stock worth $50,000 after acquiring an additional 853 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth about $79,000. Tower Research Capital LLC TRC grew its stake in shares of Merchants Bancorp by 118.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock worth $130,000 after acquiring an additional 1,933 shares during the last quarter. Finally, Matrix Trust Co grew its stake in shares of Merchants Bancorp by 45.0% during the first quarter. Matrix Trust Co now owns 3,830 shares of the company's stock worth $142,000 after acquiring an additional 1,188 shares during the last quarter. Hedge funds and other institutional investors own 24.57% of the company's stock.

Merchants Bancorp Stock Performance

MBIN traded up $0.23 during trading on Tuesday, hitting $34.84. 259,658 shares of the stock were exchanged, compared to its average volume of 177,777. 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 stock has a fifty day moving average price of $33.12 and a two-hundred day moving average price of $35.72. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.49.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.93 earnings per share (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 20.73% and a return on equity of 19.09%. As a group, sell-side analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid 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 (DPR) is presently 7.35%.

Analyst Ratings Changes

A number of brokerages recently commented on MBIN. Raymond James Financial reiterated an "outperform" rating and issued a $41.00 target price (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Wall Street Zen lowered Merchants Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, June 27th.

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.