Nuveen Asset Management LLC Has $3.70 Million Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

Nuveen Asset Management LLC decreased its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,367 shares of the company's stock after selling 37,223 shares during the period. Nuveen Asset Management LLC owned about 0.22% of Merchants Bancorp worth $3,697,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Elser Financial Planning Inc bought a new stake in shares of Merchants Bancorp during the fourth quarter valued at approximately $994,207,000. PL Capital Advisors LLC boosted its stake in Merchants Bancorp by 3,547.0% during the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock worth $250,442,000 after buying an additional 6,678,788 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Merchants Bancorp by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock valued at $46,211,000 after buying an additional 132,841 shares during the period. Royce & Associates LP raised its stake in shares of Merchants Bancorp by 15.5% in the 4th quarter. Royce & Associates LP now owns 566,245 shares of the company's stock valued at $20,651,000 after buying an additional 76,056 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Merchants Bancorp by 11.5% during the 4th quarter. American Century Companies Inc. now owns 474,904 shares of the company's stock worth $17,320,000 after acquiring an additional 48,881 shares during the period. Institutional investors own 24.57% of the company's stock.

Analyst Upgrades and Downgrades

MBIN has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Wall Street Zen downgraded Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Raymond James reissued an "outperform" rating and issued a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th.

Merchants Bancorp Price Performance

Shares of NASDAQ:MBIN traded up $0.23 on Tuesday, hitting $31.84. The stock had a trading volume of 164,606 shares, compared to its average volume of 179,447. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 5.05 and a beta of 1.31. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. The firm's 50 day moving average price is $32.79 and its 200-day moving average price is $36.95. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly 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). The firm had revenue of $287.20 million for the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. On average, equities research analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 13th. Merchants Bancorp's dividend payout ratio (DPR) is currently 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.