Cwm LLC Grows Holdings in Merchants Bancorp $MBIN

Cwm LLC increased its position in shares of Merchants Bancorp (NASDAQ:MBIN) by 121.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,010 shares of the company’s stock after purchasing an additional 1,652 shares during the quarter. Cwm LLC’s holdings in Merchants Bancorp were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in Merchants Bancorp by 182.2% in the first quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after acquiring an additional 472 shares during the period. Matrix Trust Co raised its position in Merchants Bancorp by 10.3% in the second quarter. Matrix Trust Co now owns 4,226 shares of the company’s stock worth $140,000 after acquiring an additional 396 shares during the period. Virtus Advisers LLC bought a new stake in Merchants Bancorp in the first quarter worth about $309,000. Alps Advisors Inc. raised its position in Merchants Bancorp by 17.5% in the first quarter. Alps Advisors Inc. now owns 9,391 shares of the company’s stock worth $347,000 after acquiring an additional 1,399 shares during the period. Finally, Algert Global LLC bought a new stake in Merchants Bancorp in the first quarter worth about $363,000. 24.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on MBIN shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of Merchants Bancorp in a research report on Wednesday. UBS Group set a $42.00 price objective on shares of Merchants Bancorp in a research report on Thursday. Zacks Research raised shares of Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday. Wall Street Zen raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley reaffirmed an “underperform” rating and issued a $39.00 price objective (up previously from $34.00) on shares of Merchants Bancorp in a research report on Monday, September 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.

Insider Activity

In other Merchants Bancorp news, CAO Darin L. Thomas purchased 3,353 shares of the stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $29.71 per share, with a total value of $99,617.63. Following the completion of the transaction, the chief accounting officer directly owned 2,250 shares in the company, valued at approximately $66,847.50. This trade represents a -303.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 34.80% of the stock is currently owned by company insiders.

Merchants Bancorp Stock Performance

NASDAQ MBIN opened at $31.19 on Friday. The company’s 50 day moving average is $32.10 and its 200-day moving average is $32.41. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $43.82. 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 firm has a market cap of $1.43 billion, a P/E ratio of 7.17 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.18. Merchants Bancorp had a net margin of 17.73% and a return on equity of 15.37%. The company had revenue of $171.07 million for the quarter, compared to analyst estimates of $163.90 million. Sell-side analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Merchants Bancorp’s payout ratio is 9.20%.

About Merchants Bancorp

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.