Merchants Bancorp (NASDAQ:MBIN) Trading Up 3.9% - What's Next?

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

Wall Street Analyst Weigh In

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

Merchants Bancorp Stock Performance

The company has a 50-day simple moving average of $35.53 and a two-hundred day simple moving average of $38.24. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. The firm has a market capitalization of $1.44 billion, a P/E ratio of 4.96 and a beta of 1.31.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate 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 net margin of 22.08% and a return on equity of 22.86%. As a group, equities analysts forecast that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 14th. Merchants Bancorp's dividend payout ratio (DPR) is presently 7.35%.

Institutional Investors Weigh In On Merchants Bancorp

Several hedge funds have recently bought and sold shares of MBIN. Elser Financial Planning Inc bought a new position in shares of Merchants Bancorp during the fourth quarter valued at approximately $994,207,000. Valeo Financial Advisors LLC increased its position in Merchants Bancorp by 3.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 225,419 shares of the company's stock valued at $8,221,000 after buying an additional 6,882 shares in the last quarter. Franklin Resources Inc. raised its stake in Merchants Bancorp by 85.3% during the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company's stock valued at $1,504,000 after buying an additional 15,342 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Merchants Bancorp by 51.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 112,712 shares of the company's stock worth $4,111,000 after acquiring an additional 38,453 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Merchants Bancorp by 22.2% in the fourth quarter. New York State Common Retirement Fund now owns 60,534 shares of the company's stock worth $2,208,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors own 24.57% of the company's stock.

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.