Boston Partners Sells 28,699 Shares of Merchants Bancorp $MBIN

Boston Partners cut its holdings in shares of Merchants Bancorp (NASDAQ:MBIN) by 66.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,222 shares of the company’s stock after selling 28,699 shares during the period. Boston Partners’ holdings in Merchants Bancorp were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its position in shares of Merchants Bancorp by 10.3% during the second quarter. Matrix Trust Co now owns 4,226 shares of the company’s stock worth $140,000 after purchasing an additional 396 shares during the period. Victory Capital Management Inc. increased its stake in Merchants Bancorp by 3.8% during the 1st quarter. Victory Capital Management Inc. now owns 11,891 shares of the company’s stock worth $440,000 after purchasing an additional 432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Merchants Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,741 shares of the company’s stock worth $397,000 after buying an additional 449 shares during the period. LPL Financial LLC raised its holdings in Merchants Bancorp by 1.1% during the 1st quarter. LPL Financial LLC now owns 48,429 shares of the company’s stock worth $1,792,000 after buying an additional 526 shares during the period. Finally, Legal & General Group Plc lifted its stake in Merchants Bancorp by 3.8% in the second quarter. Legal & General Group Plc now owns 21,677 shares of the company’s stock valued at $717,000 after buying an additional 795 shares in the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.

Merchants Bancorp Trading Down 0.5%

Merchants Bancorp stock opened at $32.67 on Monday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 7.51 and a beta of 1.33. The firm has a 50-day moving average of $31.87 and a 200-day moving average of $32.41. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.20 and a quick ratio of 0.88. Merchants Bancorp has a one year low of $27.25 and a one year high of $43.82.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.18. Merchants Bancorp had a return on equity of 15.37% and a net margin of 17.73%.The business had revenue of $171.07 million for the quarter, compared to the consensus estimate of $163.90 million. On average, equities 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 Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. Merchants Bancorp’s dividend payout ratio is currently 9.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Merchants Bancorp in a research note on Wednesday, October 8th. UBS Group set a $42.00 price objective on Merchants Bancorp in a research report on Thursday, October 30th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $39.00 price objective (up from $34.00) on shares of Merchants Bancorp in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.25.

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.