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Royce & Associates LP Raises Stock Position in Merchants Bancorp (NASDAQ:MBIN)

Merchants Bancorp logo with Finance background

Royce & Associates LP increased its position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 21.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 686,507 shares of the company's stock after purchasing an additional 120,262 shares during the period. Royce & Associates LP owned approximately 1.50% of Merchants Bancorp worth $25,401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MBIN. Raymond James Financial Inc. bought a new stake in Merchants Bancorp during the 4th quarter valued at about $2,095,000. Quantbot Technologies LP lifted its holdings in Merchants Bancorp by 106.6% during the 4th quarter. Quantbot Technologies LP now owns 17,262 shares of the company's stock valued at $630,000 after buying an additional 8,908 shares in the last quarter. American Century Companies Inc. lifted its holdings in Merchants Bancorp by 11.5% during the 4th quarter. American Century Companies Inc. now owns 474,904 shares of the company's stock valued at $17,320,000 after buying an additional 48,881 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Merchants Bancorp during the 4th quarter valued at about $375,000. Finally, LPL Financial LLC lifted its holdings in Merchants Bancorp by 1.1% during the 4th quarter. LPL Financial LLC now owns 47,903 shares of the company's stock valued at $1,747,000 after buying an additional 527 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MBIN has been the subject of several recent research reports. Raymond James Financial restated an "outperform" rating and issued a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Get Our Latest Analysis on MBIN

Merchants Bancorp Stock Down 0.6%

Shares of NASDAQ MBIN traded down $0.23 during trading hours on Thursday, hitting $35.29. 12,373 shares of the stock were exchanged, compared to its average volume of 172,088. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.49. The company has a market cap of $1.62 billion, a PE ratio of 6.50 and a beta of 1.28. The firm has a fifty day moving average price of $33.21 and a 200-day moving average price of $35.71. Merchants Bancorp has a 12 month low of $27.25 and a 12 month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.32). The company had revenue of $287.20 million for the quarter, compared to analysts' expectations of $169.00 million. Merchants Bancorp had a return on equity of 19.09% and a net margin of 20.73%. On average, sell-side analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, June 13th. Merchants Bancorp's dividend payout ratio (DPR) is currently 7.35%.

Merchants Bancorp Profile

(Free Report)

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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Institutional Ownership by Quarter for Merchants Bancorp (NASDAQ:MBIN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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