Inspire Investing LLC Makes New $390,000 Investment in Merchants Bancorp $MBIN

Key Points

• Inspire Investing LLC has made a new investment of $390,000 in Merchants Bancorp, acquiring 11,784 shares during the second quarter.
• Merchants Bancorp recently announced a quarterly dividend of $0.10 per share, representing a 1.2% yield and a dividend payout ratio of 8.79%.
• Several analysts have adjusted their price targets for Merchants Bancorp, with a consensus target now averaging $40.00 and varied ratings from buy to sell.

Inspire Investing LLC acquired a new position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,784 shares of the company's stock, valued at approximately $390,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Merchants Bancorp by 182.2% during the 1st quarter. Signaturefd LLC now owns 731 shares of the company's stock worth $27,000 after acquiring an additional 472 shares during the last quarter. CWM LLC boosted its stake in shares of Merchants Bancorp by 168.9% in the 1st quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after purchasing an additional 853 shares during the last quarter. Matrix Trust Co boosted its stake in shares of Merchants Bancorp by 10.3% in the 2nd quarter. Matrix Trust Co now owns 4,226 shares of the company's stock valued at $140,000 after purchasing an additional 396 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Merchants Bancorp by 4,443.0% in the 1st quarter. GAMMA Investing LLC now owns 7,178 shares of the company's stock valued at $266,000 after purchasing an additional 7,020 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Merchants Bancorp in the 1st quarter valued at about $309,000. Institutional investors own 24.57% of the company's stock.

Merchants Bancorp Stock Up 2.5%

Merchants Bancorp stock opened at $32.55 on Wednesday. The company's 50 day simple moving average is $32.12 and its 200 day simple moving average is $32.61. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $46.78. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.15 and a beta of 1.29. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.20 and a quick ratio of 0.88.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.52). Merchants Bancorp had a return on equity of 16.06% and a net margin of 18.06%.The firm had revenue of $179.20 million for the quarter, compared to the consensus estimate of $161.10 million. As a group, sell-side analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, September 15th. Merchants Bancorp's dividend payout ratio (DPR) is 8.79%.

Analysts Set New Price Targets

MBIN has been the topic of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Merchants Bancorp in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Morgan Stanley reaffirmed an "underperform" rating and issued a $39.00 target price (up previously from $34.00) on shares of Merchants Bancorp in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Merchants Bancorp in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 target price (down previously from $41.00) on shares of Merchants Bancorp in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $40.00.

Insider Buying and Selling

In related news, CAO Darin L. Thomas bought 3,353 shares of the company's stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $29.71 per share, for a total transaction of $99,617.63. Following the acquisition, the chief accounting officer owned 2,250 shares of the company's stock, valued at approximately $66,847.50. This represents a -303.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 34.80% of the company's stock.

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.

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