US Bancorp DE Lowers Stake in Merchants Bancorp $MBIN

US Bancorp DE lowered its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,009 shares of the company’s stock after selling 2,872 shares during the period. US Bancorp DE’s holdings in Merchants Bancorp were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Signaturefd LLC increased its position in shares of Merchants Bancorp by 182.2% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company’s stock valued at $27,000 after acquiring an additional 472 shares during the period. CWM LLC lifted its stake in Merchants Bancorp by 168.9% in the 1st quarter. CWM LLC now owns 1,358 shares of the company’s stock valued at $50,000 after buying an additional 853 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Merchants Bancorp in the 4th quarter valued at about $79,000. Tower Research Capital LLC TRC raised its holdings in Merchants Bancorp by 118.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company’s stock valued at $130,000 after acquiring an additional 1,933 shares during the last quarter. Finally, Matrix Trust Co raised its holdings in Merchants Bancorp by 45.0% in the 1st quarter. Matrix Trust Co now owns 3,830 shares of the company’s stock valued at $142,000 after acquiring an additional 1,188 shares during the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.

Merchants Bancorp Trading Down 3.1%

Shares of Merchants Bancorp stock opened at $31.98 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.45. The company’s 50-day simple moving average is $33.02 and its 200-day simple moving average is $34.92. Merchants Bancorp has a 52-week low of $27.25 and a 52-week high of $47.94. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 7.03 and a beta of 1.30.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.52). Merchants Bancorp had a net margin of 18.06% and a return on equity of 16.06%. The business had revenue of $179.20 million during the quarter, compared to analysts’ expectations of $161.10 million. As a group, equities research analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MBIN. Wall Street Zen downgraded shares of Merchants Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Morgan Stanley decreased their price objective on shares of Merchants Bancorp from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $41.00 price target (down from $42.00) on shares of Merchants Bancorp in a research report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 target price (down from $41.00) on shares of Merchants Bancorp in a report on Tuesday, July 29th.

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.