BNP Paribas Financial Markets Decreases Holdings in Merchants Bancorp (NASDAQ:MBIN)

BNP Paribas Financial Markets cut its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,735 shares of the company’s stock after selling 5,421 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Merchants Bancorp worth $975,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Merchants Bancorp by 51.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 112,712 shares of the company’s stock valued at $4,111,000 after purchasing an additional 38,453 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Merchants Bancorp in the fourth quarter worth about $293,000. Twelve Points Wealth Management LLC boosted its stake in Merchants Bancorp by 5.3% during the fourth quarter. Twelve Points Wealth Management LLC now owns 35,814 shares of the company’s stock valued at $1,306,000 after buying an additional 1,802 shares during the last quarter. Elser Financial Planning Inc purchased a new position in Merchants Bancorp during the 4th quarter valued at approximately $994,207,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Merchants Bancorp by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,841 shares of the company’s stock valued at $3,276,000 after buying an additional 4,485 shares in the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Stock Down 0.2%

Shares of Merchants Bancorp stock opened at $32.82 on Wednesday. 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 stock has a market cap of $1.51 billion, a price-to-earnings ratio of 5.20 and a beta of 1.31. The firm’s 50-day moving average is $34.00 and its two-hundred day moving average is $37.49. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.32). The business had revenue of $287.20 million for the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, research analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 13th. Merchants Bancorp’s dividend payout ratio (DPR) is currently 7.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Raymond James reiterated an “outperform” rating and set a $41.00 price objective (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Finally, Piper Sandler boosted their target price on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a report on Thursday, January 30th.

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.