Deutsche Bank AG Reduces Position in Merchants Bancorp (NASDAQ:MBIN)

Deutsche Bank AG cut its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 72.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Merchants Bancorp in the 4th quarter worth approximately $25,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Merchants Bancorp in the fourth quarter worth $79,000. Bank of Jackson Hole Trust purchased a new stake in shares of Merchants Bancorp in the fourth quarter worth $82,000. Tower Research Capital LLC TRC grew its position in Merchants Bancorp by 118.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock valued at $130,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Inceptionr LLC grew its position in Merchants Bancorp by 13.7% during the 4th quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after purchasing an additional 687 shares during the last quarter. 24.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler lifted their price objective on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Raymond James reiterated an "outperform" rating and issued a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Morgan Stanley cut their target price on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Wall Street Zen upgraded shares of Merchants Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th.

Merchants Bancorp Trading Down 2.0%

MBIN traded down $0.64 on Friday, hitting $32.12. The company had a trading volume of 127,882 shares, compared to its average volume of 179,692. The business's fifty day simple moving average is $33.04 and its 200 day simple moving average is $37.12. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $53.27. The company has a market cap of $1.47 billion, a PE ratio of 5.09 and a beta of 1.31.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly 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). The company had revenue of $287.20 million for the quarter, compared to analysts' expectations of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. Equities research analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.10 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.25%. Merchants Bancorp's dividend payout ratio (DPR) is 7.35%.

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.