Merchants Bancorp (NASDAQ:MBIN) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in Merchants Bancorp (NASDAQ:MBIN) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,754 shares of the company’s stock after buying an additional 20,797 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.13% of Merchants Bancorp worth $2,106,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MBIN. Assenagon Asset Management S.A. lifted its holdings in Merchants Bancorp by 51.8% in 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 in the last quarter. Exchange Traded Concepts LLC acquired a new position in Merchants Bancorp in the 4th quarter worth $293,000. Twelve Points Wealth Management LLC lifted its holdings in Merchants Bancorp by 5.3% in the 4th quarter. Twelve Points Wealth Management LLC now owns 35,814 shares of the company’s stock worth $1,306,000 after buying an additional 1,802 shares in the last quarter. Elser Financial Planning Inc bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $994,207,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Merchants Bancorp by 5.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,841 shares of the company’s stock worth $3,276,000 after purchasing an additional 4,485 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Price Performance

Shares of NASDAQ:MBIN opened at $32.82 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. Merchants Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $53.27. The firm has a 50-day simple moving average of $34.00 and a 200 day simple moving average of $37.49. The company has a market cap of $1.51 billion, a PE ratio of 5.20 and a beta of 1.31.

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

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given 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 is Friday, June 13th. Merchants Bancorp’s dividend payout ratio is presently 7.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MBIN shares. Morgan Stanley dropped 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 research report on Thursday, March 13th. 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 research report on Thursday, January 30th. Finally, Raymond James reissued an “outperform” rating and issued a $41.00 target price (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th.

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.