Two Sigma Investments LP Acquires New Stake in Merchants Bancorp (NASDAQ:MBIN)

Two Sigma Investments LP purchased a new stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,150 shares of the company's stock, valued at approximately $1,282,000. Two Sigma Investments LP owned approximately 0.08% of Merchants Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $25,000. Cubist Systematic Strategies LLC bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $79,000. Bank of Jackson Hole Trust bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $82,000. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 1,933 shares during the last quarter. Finally, Inceptionr LLC boosted its stake in Merchants Bancorp by 13.7% in the fourth quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after acquiring an additional 687 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company's stock.

Analysts Set New Price Targets

MBIN has been the topic of a number of recent research reports. Wall Street Zen cut shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a research note on Sunday, June 1st. Raymond James reaffirmed an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Finally, Morgan Stanley reduced their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th.

Merchants Bancorp Trading Up 2.9%

Shares of NASDAQ MBIN traded up $0.93 during midday trading on Friday, reaching $32.49. 77,422 shares of the stock were exchanged, compared to its average volume of 177,576. The business has a 50-day simple moving average of $32.36 and a two-hundred day simple moving average of $36.78. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 5.15 and a beta of 1.29. Merchants Bancorp has a 12 month low of $27.25 and a 12 month high of $53.27. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $287.20 million for the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. As a group, equities research analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.10 dividend. 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 is currently 7.35%.

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.