Deutsche Bank AG Sells 41,748 Shares of Merchants Bancorp (NASDAQ:MBIN)

Deutsche Bank AG lessened its holdings in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,573 shares of the company's stock after selling 41,748 shares during the period. Deutsche Bank AG's holdings in Merchants Bancorp were worth $568,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MBIN. Elser Financial Planning Inc acquired a new position in Merchants Bancorp in the fourth quarter valued at $994,207,000. PL Capital Advisors LLC lifted its holdings in Merchants Bancorp by 3,547.0% in the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock valued at $250,442,000 after buying an additional 6,678,788 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 132,841 shares during the period. Moran Wealth Management LLC acquired a new position in Merchants Bancorp in the fourth quarter valued at $3,524,000. Finally, Endeavour Capital Advisors Inc. acquired a new position in Merchants Bancorp in the fourth quarter valued at $3,509,000. Institutional investors and hedge funds own 24.57% of the company's stock.

Merchants Bancorp Stock Down 1.3%

Shares of NASDAQ MBIN traded down $0.41 during trading on Monday, hitting $31.61. 95,879 shares of the company traded hands, compared to its average volume of 179,506. The business's fifty day moving average is $32.79 and its 200 day moving average is $36.95. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $53.27. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.01 and a beta of 1.31. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.08% and a return on equity of 22.86%. The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $169.00 million. Equities research analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. Merchants Bancorp's dividend payout ratio is currently 7.35%.

Analysts Set New Price Targets

Several research firms recently issued reports on MBIN. Wall Street Zen lowered shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Sunday. Morgan Stanley dropped their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Raymond James restated an "outperform" rating and issued a $41.00 target price (down previously 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.