D. E. Shaw & Co. Inc. Boosts Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

D. E. Shaw & Co. Inc. increased its position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 56.3% in the 4th 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 quarter. D. E. Shaw & Co. Inc. owned approximately 0.13% of Merchants Bancorp worth $2,106,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MBIN. Cetera Investment Advisers grew its holdings in shares of Merchants Bancorp by 4.0% during the fourth quarter. Cetera Investment Advisers now owns 9,800 shares of the company's stock worth $357,000 after buying an additional 381 shares in the last quarter. LPL Financial LLC boosted its position in Merchants Bancorp by 1.1% during the fourth quarter. LPL Financial LLC now owns 47,903 shares of the company's stock worth $1,747,000 after acquiring an additional 527 shares during the last quarter. Inceptionr LLC grew its stake 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 acquiring an additional 687 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Merchants Bancorp in the 4th quarter valued at about $25,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Merchants Bancorp by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,863 shares of the company's stock worth $251,000 after purchasing an additional 846 shares in the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Merchants Bancorp Trading Down 0.6%

Shares of Merchants Bancorp stock traded down $0.20 on Friday, reaching $31.46. The company had a trading volume of 102,049 shares, compared to its average volume of 180,300. The firm's 50 day moving average price is $33.54 and its two-hundred day moving average price is $37.32. 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 has a 52-week low of $27.25 and a 52-week high of $53.27. The firm has a market cap of $1.44 billion, a PE ratio of 4.99 and a beta of 1.31.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. The firm had revenue of $287.20 million during the quarter, compared to analysts' expectations of $169.00 million. Sell-side analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, June 13th. 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.