Royce & Associates LP Acquires 120,262 Shares of Merchants Bancorp (NASDAQ:MBIN)

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

Other large investors have also bought and sold shares of the company. Signaturefd LLC increased its stake in 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 increased its stake in shares of Merchants Bancorp by 168.9% during the first quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after buying an additional 853 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Merchants Bancorp during the fourth quarter valued at approximately $79,000. Tower Research Capital LLC TRC increased its stake in shares of Merchants Bancorp by 118.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock valued at $130,000 after buying an additional 1,933 shares during the period. Finally, Matrix Trust Co increased its stake in shares of Merchants Bancorp by 45.0% during the first quarter. Matrix Trust Co now owns 3,830 shares of the company's stock valued at $142,000 after buying 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 Up 1.1%

Shares of NASDAQ MBIN traded up $0.37 during mid-day trading on Monday, hitting $35.06. 107,781 shares of the stock traded hands, compared to its average volume of 172,598. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 1.20. Merchants Bancorp has a 52 week low of $27.25 and a 52 week high of $53.27. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 6.44 and a beta of 1.28. The stock has a fifty day moving average price of $33.26 and a 200-day moving average price of $35.69.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.48). Merchants Bancorp had a net margin of 20.73% and a return on equity of 19.09%. Research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, June 13th. Merchants Bancorp's dividend payout ratio (DPR) is 7.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MBIN. Raymond James Financial reissued an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Wall Street Zen cut Merchants Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, June 27th.

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.