Marshall Wace LLP Has $9 Million Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

Marshall Wace LLP raised its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 246,879 shares of the company's stock after purchasing an additional 16,425 shares during the period. Marshall Wace LLP owned 0.54% of Merchants Bancorp worth $9,004,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. LPL Financial LLC grew its position in shares of Merchants Bancorp by 1.1% during the 4th quarter. LPL Financial LLC now owns 47,903 shares of the company's stock valued at $1,747,000 after buying an additional 527 shares during the last quarter. Inceptionr LLC grew its position in shares of Merchants Bancorp by 13.7% during the 4th quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after buying an additional 687 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Merchants Bancorp during the 4th quarter valued at about $25,000. Rhumbline Advisers boosted its stake in Merchants Bancorp by 4.4% during the 4th quarter. Rhumbline Advisers now owns 28,753 shares of the company's stock valued at $1,049,000 after purchasing an additional 1,201 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Merchants Bancorp by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 13,610 shares of the company's stock valued at $496,000 after purchasing an additional 1,303 shares during the period. Institutional investors own 24.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley reduced 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. Raymond James reduced their target price on shares of Merchants Bancorp from $53.00 to $45.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler increased their price objective on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a report on Thursday, January 30th.

Merchants Bancorp Price Performance

Shares of MBIN stock traded up $1.16 during mid-day trading on Monday, hitting $33.60. 197,110 shares of the stock traded hands, compared to its average volume of 191,826. Merchants Bancorp has a twelve month low of $30.73 and a twelve month high of $53.27. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 5.32 and a beta of 1.15. The company's 50-day simple moving average is $36.41 and its 200-day simple moving average is $38.60. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly 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 net margin of 22.08% and a return on equity of 22.86%. As a group, equities research analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date was Friday, March 14th. Merchants Bancorp's payout ratio is presently 6.34%.

Insider Buying and Selling

In related news, insider Scott A. Evans sold 25,000 shares of Merchants Bancorp stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total value of $1,077,500.00. Following the transaction, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. The trade was a 47.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 34.80% of the company's stock.

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.