Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC lessened its holdings in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,022 shares of the company's stock after selling 11,742 shares during the period. Nebula Research & Development LLC's holdings in Merchants Bancorp were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of Merchants Bancorp by 1.1% in the fourth quarter. LPL Financial LLC now owns 47,903 shares of the company's stock worth $1,747,000 after acquiring an additional 527 shares in the last quarter. Inceptionr LLC boosted its holdings in Merchants Bancorp by 13.7% in the fourth quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after purchasing an additional 687 shares during the period. Kestra Investment Management LLC acquired a new position in Merchants Bancorp during the 4th quarter worth $25,000. Price T Rowe Associates Inc. MD increased its holdings in Merchants Bancorp by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,863 shares of the company's stock worth $251,000 after purchasing an additional 846 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Merchants Bancorp by 9.3% during the 4th quarter. MetLife Investment Management LLC now owns 10,826 shares of the company's stock worth $395,000 after purchasing an additional 921 shares during the period. 24.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on MBIN. Morgan Stanley dropped their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Piper Sandler raised their price target 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 reaffirmed an "outperform" rating and set a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th.

Merchants Bancorp Stock Performance

MBIN traded down $0.41 on Tuesday, hitting $30.69. 16,702 shares of the company traded hands, compared to its average volume of 191,069. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $53.27. The company has a 50 day moving average of $35.34 and a 200-day moving average of $38.10. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $1.41 billion, a PE ratio of 4.90 and a beta of 1.31.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) 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 analysts' expectations of $169.00 million. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. Sell-side analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.10 per share. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Merchants Bancorp's dividend payout ratio (DPR) is 7.35%.

About Merchants Bancorp

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.