Sapient Capital LLC Reduces Holdings in Merchants Bancorp (NASDAQ:MBIN)

Sapient Capital LLC decreased its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,930 shares of the company's stock after selling 16,173 shares during the quarter. Sapient Capital LLC owned approximately 0.13% of Merchants Bancorp worth $2,149,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Merchants Bancorp during the fourth quarter worth about $25,000. Cubist Systematic Strategies LLC purchased a new stake in Merchants Bancorp in the fourth quarter valued at approximately $79,000. Bank of Jackson Hole Trust purchased a new stake in Merchants Bancorp in the fourth quarter valued at approximately $82,000. Tower Research Capital LLC TRC raised its position in Merchants Bancorp by 118.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock valued at $130,000 after purchasing an additional 1,933 shares during the period. Finally, Matrix Trust Co grew its stake in shares of Merchants Bancorp by 45.0% in the first quarter. Matrix Trust Co now owns 3,830 shares of the company's stock worth $142,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 24.57% of the company's stock.

Merchants Bancorp Price Performance

Shares of MBIN traded down $1.15 during mid-day trading on Friday, reaching $31.27. 147,994 shares of the company's stock were exchanged, compared to its average volume of 176,514. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The company has a 50-day simple moving average of $32.18 and a two-hundred day simple moving average of $36.50. 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 $1.43 billion, a price-to-earnings ratio of 4.96 and a beta of 1.29.

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

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. Merchants Bancorp's dividend payout ratio (DPR) is presently 7.35%.

Analyst Ratings Changes

A number of brokerages recently commented on MBIN. Raymond James reiterated an "outperform" rating and set a $41.00 target price (down previously from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Merchants Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley lowered their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th.

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.