Two Sigma Investments LP Makes New Investment in Merchants Bancorp (NASDAQ:MBIN)

Two Sigma Investments LP acquired a new stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,150 shares of the company's stock, valued at approximately $1,282,000. Two Sigma Investments LP owned 0.08% of Merchants Bancorp as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in Merchants Bancorp in the 4th quarter valued at about $878,000. Millennium Management LLC raised its stake in Merchants Bancorp by 214.1% in the 4th quarter. Millennium Management LLC now owns 126,087 shares of the company's stock valued at $4,598,000 after acquiring an additional 85,948 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Merchants Bancorp by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,292 shares of the company's stock valued at $375,000 after buying an additional 392 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Merchants Bancorp by 1.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 107,898 shares of the company's stock valued at $3,935,000 after buying an additional 1,414 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Merchants Bancorp by 56.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 57,754 shares of the company's stock valued at $2,106,000 after buying an additional 20,797 shares during the period. 24.57% of the stock is currently owned by institutional investors.

Merchants Bancorp Price Performance

Shares of NASDAQ MBIN traded up $0.93 during midday trading on Friday, hitting $32.49. 77,422 shares of the company's stock were exchanged, compared to its average volume of 177,576. Merchants Bancorp has a 12-month low of $27.25 and a 12-month 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 company has a market cap of $1.49 billion, a price-to-earnings ratio of 5.15 and a beta of 1.29. The business's fifty day moving average price is $32.36 and its two-hundred day moving average price is $36.75.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.93 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 analysts' expectations of $169.00 million. As a group, research analysts forecast that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James reiterated an "outperform" rating and set a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Morgan Stanley decreased their price target on 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. Finally, Wall Street Zen cut Merchants Bancorp from a "hold" rating to a "sell" rating in a research report on Sunday, June 1st.

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.