Merchants Bancorp (NASDAQ:MBIN) Shares Up 3.9% - Still a Buy?

Shares of Merchants Bancorp (NASDAQ:MBIN - Get Free Report) traded up 3.9% during trading on Monday . The company traded as high as $33.43 and last traded at $33.71. 83,496 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 191,428 shares. The stock had previously closed at $32.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MBIN shares. Raymond James reiterated an "outperform" rating and set a $41.00 price objective (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday. Morgan Stanley lowered their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Piper Sandler boosted their price target on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th.

Merchants Bancorp Stock Up 1.3 %

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 4.92 and a beta of 1.15. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The firm's fifty day moving average price is $35.73 and its 200-day moving average price is $38.39.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.32). The firm had revenue of $287.20 million during the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. Sell-side analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.29%. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's dividend payout ratio (DPR) is presently 6.34%.

Institutional Trading of Merchants Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new stake in shares of Merchants Bancorp in the 4th quarter valued at about $25,000. Signaturefd LLC lifted its stake in shares of Merchants Bancorp by 182.2% in the first quarter. Signaturefd LLC now owns 731 shares of the company's stock worth $27,000 after acquiring an additional 472 shares during the period. CWM LLC boosted its holdings in Merchants Bancorp by 168.9% in the first quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after acquiring an additional 853 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Merchants Bancorp during the 4th quarter valued at approximately $79,000. Finally, Bank of Jackson Hole Trust bought a new position in Merchants Bancorp during the 4th quarter worth approximately $82,000. 24.57% of the stock is currently owned by institutional investors and hedge funds.

Merchants Bancorp Company 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.