Sapient Capital LLC Invests $2.93 Million in Merchants Bancorp (NASDAQ:MBIN)

Sapient Capital LLC acquired a new stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 68,770 shares of the company's stock, valued at approximately $2,928,000. Sapient Capital LLC owned approximately 0.16% of Merchants Bancorp at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MBIN. Los Angeles Capital Management LLC raised its position in Merchants Bancorp by 85.9% in the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company's stock worth $2,116,000 after acquiring an additional 35,280 shares in the last quarter. Bailard Inc. bought a new stake in shares of Merchants Bancorp in the 3rd quarter worth approximately $227,000. Corton Capital Inc. lifted its stake in Merchants Bancorp by 23.1% during the third quarter. Corton Capital Inc. now owns 13,875 shares of the company's stock valued at $385,000 after purchasing an additional 2,607 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Merchants Bancorp by 129.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company's stock worth $5,402,000 after buying an additional 71,632 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in Merchants Bancorp by 3.8% in the fourth quarter. Twelve Points Wealth Management LLC now owns 31,733 shares of the company's stock worth $1,351,000 after buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company's stock.

Merchants Bancorp Trading Down 1.9 %

NASDAQ MBIN traded down $0.74 on Friday, hitting $38.40. 152,005 shares of the company were exchanged, compared to its average volume of 120,076. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.77. Merchants Bancorp has a twelve month low of $21.50 and a twelve month high of $48.68. The firm has a market capitalization of $1.66 billion, a P/E ratio of 6.82 and a beta of 1.18. The company's 50 day moving average price is $41.56 and its 200-day moving average price is $37.32.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%. The business had revenue of $346.21 million for the quarter, compared to analyst estimates of $142.65 million. Analysts predict that Merchants Bancorp will post 5.65 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.08. Merchants Bancorp's dividend payout ratio is presently 6.38%.

Analysts Set New Price Targets

Separately, Raymond James raised their price objective on Merchants Bancorp from $44.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 30th.

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.