Merchants Bancorp (NASDAQ:MBIN) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 56.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,754 shares of the company's stock after purchasing an additional 20,797 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.13% of Merchants Bancorp worth $2,106,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Merchants Bancorp in the 4th quarter valued at approximately $79,000. Cetera Investment Advisers raised its stake in shares of Merchants Bancorp by 4.0% in the fourth quarter. Cetera Investment Advisers now owns 9,800 shares of the company's stock valued at $357,000 after acquiring an additional 381 shares in the last quarter. Bank of America Corp DE boosted its holdings in Merchants Bancorp by 27.8% in the fourth quarter. Bank of America Corp DE now owns 31,501 shares of the company's stock valued at $1,149,000 after purchasing an additional 6,847 shares during the period. Black Maple Capital Management LP acquired a new position in Merchants Bancorp during the 4th quarter worth $640,000. Finally, Ameriprise Financial Inc. grew its stake in Merchants Bancorp by 76.0% during the 4th quarter. Ameriprise Financial Inc. now owns 82,200 shares of the company's stock worth $2,998,000 after purchasing an additional 35,492 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MBIN. Raymond James reiterated an "outperform" rating and issued a $41.00 price objective (down previously from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Merchants Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler increased their price objective on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley decreased their price objective on shares of 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.

Merchants Bancorp Stock Down 0.6%

Shares of NASDAQ MBIN traded down $0.20 during midday trading on Monday, hitting $31.46. 102,049 shares of the company's stock were exchanged, compared to its average volume of 180,300. The firm's fifty day simple moving average is $33.39 and its 200-day simple moving average is $37.24. The company has a market cap of $1.44 billion, a PE ratio of 4.99 and a beta of 1.31. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $169.00 million. Research analysts predict that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

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

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.