Two Sigma Advisers LP Acquires New Holdings in Merchants Bancorp (NASDAQ:MBIN)

Two Sigma Advisers LP purchased a new position in Merchants Bancorp (NASDAQ:MBIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,400 shares of the company's stock, valued at approximately $379,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBIN. Ameriprise Financial Inc. grew its stake in shares of Merchants Bancorp by 76.0% during the 4th quarter. Ameriprise Financial Inc. now owns 82,200 shares of the company's stock worth $2,998,000 after purchasing an additional 35,492 shares during the period. Millennium Management LLC grew its stake in shares of Merchants Bancorp by 214.1% during the 4th 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 during the period. Elser Financial Planning Inc acquired a new stake in shares of Merchants Bancorp during the 4th quarter worth approximately $994,207,000. Jane Street Group LLC grew its stake in shares of Merchants Bancorp by 94.2% during the 4th quarter. Jane Street Group LLC now owns 20,513 shares of the company's stock worth $748,000 after purchasing an additional 9,952 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of Merchants Bancorp by 3.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 225,419 shares of the company's stock worth $8,221,000 after purchasing an additional 6,882 shares during the period. Institutional investors and hedge funds own 24.57% of the company's stock.

Merchants Bancorp Price Performance

MBIN traded up $0.93 on Friday, hitting $32.49. 77,422 shares of the company's stock were exchanged, compared to its average volume of 178,670. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $53.27. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The firm has a 50-day moving average price of $32.36 and a 200-day moving average price of $36.78. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 5.15 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its 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). 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 analyst estimates of $169.00 million. As a group, equities analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.23%. Merchants Bancorp's dividend payout ratio (DPR) is presently 7.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a research note on Sunday, June 1st. Morgan Stanley dropped their price objective 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. Finally, Raymond James reissued an "outperform" rating and issued a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th.

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.