Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,048 shares of the company's stock after selling 34,660 shares during the period. Tudor Investment Corp ET AL owned 0.07% of Merchants Bancorp worth $1,169,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Barclays PLC grew its stake in Merchants Bancorp by 351.8% during the 3rd quarter. Barclays PLC now owns 28,312 shares of the company's stock worth $1,273,000 after buying an additional 22,046 shares during the last quarter. Franklin Resources Inc. grew its stake in Merchants Bancorp by 85.3% during the 3rd quarter. Franklin Resources Inc. now owns 33,338 shares of the company's stock worth $1,504,000 after buying an additional 15,342 shares during the last quarter. Matrix Trust Co grew its stake in Merchants Bancorp by 730.8% during the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company's stock worth $96,000 after buying an additional 2,324 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Merchants Bancorp by 51.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 112,712 shares of the company's stock worth $4,111,000 after buying an additional 38,453 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Merchants Bancorp during the 4th quarter worth $293,000. 24.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MBIN shares. Piper Sandler boosted their target price on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Raymond James restated an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Finally, Morgan Stanley dropped their target price on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th.

Merchants Bancorp Stock Performance

Merchants Bancorp stock traded up $0.04 during trading hours on Friday, hitting $31.51. 160,884 shares of the stock traded hands, compared to its average volume of 192,400. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The firm's 50 day moving average price is $34.59 and its 200-day moving average price is $37.73. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 4.99 and a beta of 1.31. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $53.27.

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 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 net margin of 22.08% and a return on equity of 22.86%. As a group, equities analysts expect that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's payout ratio is presently 7.35%.

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.