Merchants Bancorp (NASDAQ:MBIN – Get Free Report) CEO Michael R. Dury bought 14,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average cost of $18.26 per share, for a total transaction of $255,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 26,000 shares of the company’s stock, valued at approximately $474,760. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Merchants Bancorp Stock Performance
NASDAQ MBIN opened at $31.20 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 6.02 and a beta of 1.15. The firm’s 50 day simple moving average is $28.05 and its 200 day simple moving average is $27.10. Merchants Bancorp has a 1 year low of $21.50 and a 1 year high of $33.58.
Merchants Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.08 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. Merchants Bancorp’s dividend payout ratio is currently 6.18%.
Institutional Trading of Merchants Bancorp
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on MBIN shares. Piper Sandler increased their price target on shares of Merchants Bancorp from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Raymond James increased their price target on shares of Merchants Bancorp from $41.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 30th.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. 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; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator.
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