Merchants Bancorp (NASDAQ:MBIN) Sees Strong Trading Volume

Shares of Merchants Bancorp (NASDAQ:MBIN - Get Free Report) saw strong trading volume on Friday . 162,476 shares changed hands during mid-day trading, an increase of 7% from the previous session's volume of 152,551 shares.The stock last traded at $42.10 and had previously closed at $42.84.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Raymond James reissued a "strong-buy" rating and issued a $55.00 price objective on shares of Merchants Bancorp in a research report on Wednesday. Piper Sandler reissued an "overweight" rating and issued a $56.00 price target (down from $58.50) on shares of Merchants Bancorp in a report on Friday.

Merchants Bancorp Stock Performance

The firm has a fifty day simple moving average of $41.87 and a 200 day simple moving average of $39.86. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 6.73 and a beta of 1.17.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its earnings results on Monday, April 29th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.37 by $0.43. The firm had revenue of $355.05 million during the quarter, compared to analysts' expectations of $144.15 million. Merchants Bancorp had a return on equity of 26.65% and a net margin of 23.55%. As a group, sell-side analysts expect that Merchants Bancorp will post 6.6 earnings per share for the current year.

Institutional Investors Weigh In On Merchants Bancorp

Several large investors have recently modified their holdings of MBIN. Federated Hermes Inc. increased its holdings in shares of Merchants Bancorp by 42,253.6% during the fourth quarter. Federated Hermes Inc. now owns 217,274 shares of the company's stock worth $9,252,000 after buying an additional 216,761 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Merchants Bancorp by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 795,381 shares of the company's stock worth $33,869,000 after purchasing an additional 102,051 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Merchants Bancorp by 441.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 106,717 shares of the company's stock worth $4,608,000 after purchasing an additional 87,012 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of Merchants Bancorp in the fourth quarter valued at $3,414,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Merchants Bancorp by 129.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company's stock valued at $5,402,000 after buying an additional 71,632 shares during the last quarter. 24.57% of the stock is currently owned by institutional investors.

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.