Sapient Capital LLC Invests $3.41 Million in Merchants Bancorp (NASDAQ:MBIN)

Sapient Capital LLC bought a new stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 80,020 shares of the company's stock, valued at approximately $3,414,000. Sapient Capital LLC owned about 0.19% of Merchants Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Merchants Bancorp during the third quarter valued at $199,000. Raymond James & Associates raised its holdings in shares of Merchants Bancorp by 1.4% in the third quarter. Raymond James & Associates now owns 34,501 shares of the company's stock worth $956,000 after buying an additional 489 shares during the period. Bailard Inc. bought a new stake in shares of Merchants Bancorp during the third quarter worth $227,000. Los Angeles Capital Management LLC boosted its stake in shares of Merchants Bancorp by 85.9% during the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company's stock valued at $2,116,000 after purchasing an additional 35,280 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Merchants Bancorp by 2.6% in the third quarter. Assenagon Asset Management S.A. now owns 55,245 shares of the company's stock worth $1,531,000 after purchasing an additional 1,382 shares during the last quarter. Hedge funds and other institutional investors own 24.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MBIN. Raymond James boosted their price objective on shares of Merchants Bancorp from $44.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, January 30th. Piper Sandler reaffirmed an "overweight" rating and set a $58.50 target price (up from $53.00) on shares of Merchants Bancorp in a research report on Friday.

Merchants Bancorp Stock Up 6.6 %

Merchants Bancorp stock traded up $2.85 during midday trading on Friday, hitting $45.87. 210,733 shares of the company's stock were exchanged, compared to its average volume of 142,457. Merchants Bancorp has a 12 month low of $21.50 and a 12 month high of $48.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.99. The company has a market cap of $1.99 billion, a PE ratio of 7.20 and a beta of 1.17. The firm has a 50-day moving average of $41.29 and a two-hundred day moving average of $38.79.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.43. The company had revenue of $355.05 million for the quarter, compared to analyst estimates of $144.15 million. Merchants Bancorp had a net margin of 23.55% and a return on equity of 27.51%. As a group, analysts expect that Merchants Bancorp will post 6.02 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.08. Merchants Bancorp's dividend payout ratio (DPR) is presently 5.65%.

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.