Invesco Ltd. Boosts Holdings in Merchants Bancorp $MBIN

Key Points

• Invesco Ltd. increased its stake in Merchants Bancorp by 1.9%, owning a total of 480,622 shares valued at approximately $17.8 million after acquiring an additional 9,192 shares in the first quarter.
• Merchants Bancorp reported a quarterly EPS of $0.60, missing analysts' estimates of $1.12, while its revenue was $179.2 million, exceeding the consensus estimate of $161.1 million.
• The company recently announced a quarterly dividend of $0.10 per share, set to be paid on October 1st, translating to an annual yield of 1.3%.

Invesco Ltd. lifted its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 480,622 shares of the company's stock after purchasing an additional 9,192 shares during the period. Invesco Ltd. owned 1.05% of Merchants Bancorp worth $17,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Merchants Bancorp by 182.2% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company's stock worth $27,000 after purchasing an additional 472 shares during the period. CWM LLC lifted its position in Merchants Bancorp by 168.9% during the 1st quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after acquiring an additional 853 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Merchants Bancorp during the 4th quarter valued at about $79,000. Tower Research Capital LLC TRC lifted 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 acquiring an additional 1,933 shares during the period. Finally, Matrix Trust Co lifted its position in Merchants Bancorp by 45.0% during the 1st quarter. Matrix Trust Co now owns 3,830 shares of the company's stock valued at $142,000 after acquiring an additional 1,188 shares during the period. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Stock Performance

Shares of MBIN stock opened at $31.69 on Friday. The company has a 50 day moving average price of $32.98 and a 200-day moving average price of $34.75. Merchants Bancorp has a 52 week low of $27.25 and a 52 week high of $47.94. The firm has a market capitalization of $1.45 billion, a PE ratio of 6.96 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.45.

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

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. Merchants Bancorp's dividend payout ratio (DPR) is 8.79%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MBIN shares. Raymond James Financial reissued an "outperform" rating and set a $40.00 price target (down from $41.00) on shares of Merchants Bancorp in a research report on Tuesday, July 29th. Morgan Stanley lowered their price target on shares of Merchants Bancorp from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $41.00 target price (down from $42.00) on shares of Merchants Bancorp in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

About Merchants Bancorp

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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