Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Sapient Capital LLC

Sapient Capital LLC trimmed its holdings in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 21.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 57,930 shares of the company's stock after selling 16,173 shares during the period. Sapient Capital LLC owned 0.13% of Merchants Bancorp worth $2,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PL Capital Advisors LLC raised its holdings 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 purchasing an additional 6,678,788 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Merchants Bancorp by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock worth $46,211,000 after purchasing an additional 132,841 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Merchants Bancorp during the fourth quarter worth about $3,524,000. Endeavour Capital Advisors Inc. purchased a new position in Merchants Bancorp during the fourth quarter worth about $3,509,000. Finally, Millennium Management LLC raised its holdings in Merchants Bancorp by 214.1% during the fourth quarter. Millennium Management LLC now owns 126,087 shares of the company's stock worth $4,598,000 after purchasing an additional 85,948 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on MBIN shares. Wall Street Zen raised shares of Merchants Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley cut their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Raymond James reissued an "outperform" rating and set a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th.

Merchants Bancorp Price Performance

MBIN traded up $0.05 on Monday, hitting $31.32. 241,403 shares of the company were exchanged, compared to its average volume of 176,774. 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 business's fifty day moving average is $32.14 and its 200 day moving average is $36.37. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $53.27. The firm has a market capitalization of $1.44 billion, a P/E ratio of 4.96 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued 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). Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $169.00 million. As a group, sell-side 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 will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.28%. Merchants Bancorp's payout ratio is currently 7.35%.

Merchants Bancorp Company 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.