Cwm LLC Purchases 869 Shares of Merchants Bancorp (NASDAQ:MBIN)

Cwm LLC lifted its position in Merchants Bancorp (NASDAQ:MBIN) by 209.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284 shares of the company’s stock after acquiring an additional 869 shares during the quarter. Cwm LLC’s holdings in Merchants Bancorp were worth $58,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC grew its stake in shares of Merchants Bancorp by 650.0% in the 2nd quarter. nVerses Capital LLC now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,300 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Merchants Bancorp by 54.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company’s stock worth $163,000 after buying an additional 1,412 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Merchants Bancorp by 79.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the company’s stock worth $193,000 after buying an additional 2,101 shares during the last quarter. Wellington Wealth Strategies LLC. purchased a new position in shares of Merchants Bancorp in the 1st quarter worth about $202,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Merchants Bancorp in the 1st quarter worth about $202,000. Institutional investors own 24.57% of the company’s stock.

Insider Buying and Selling at Merchants Bancorp

In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 75,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.00, for a total transaction of $3,300,000.00. Following the sale, the insider now directly owns 748,000 shares of the company’s stock, valued at $32,912,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael R. Dury purchased 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $38.71 per share, with a total value of $201,292.00. Following the completion of the acquisition, the chief executive officer now owns 93,793 shares in the company, valued at $3,630,727.03. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Randall D. Rogers sold 75,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.00, for a total transaction of $3,300,000.00. Following the completion of the sale, the insider now directly owns 748,000 shares in the company, valued at approximately $32,912,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MBIN. Raymond James downgraded shares of Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a report on Tuesday, July 30th. Morgan Stanley began coverage on shares of Merchants Bancorp in a report on Monday, September 9th. They issued an “equal weight” rating and a $54.00 price target on the stock.

Merchants Bancorp Price Performance

NASDAQ MBIN opened at $42.96 on Monday. The company has a market cap of $1.97 billion, a PE ratio of 6.56 and a beta of 1.09. Merchants Bancorp has a 52 week low of $26.45 and a 52 week high of $53.27. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $44.52 and its two-hundred day simple moving average is $42.96.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, July 29th. The company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.08). The business had revenue of $359.62 million for the quarter, compared to analysts’ expectations of $160.70 million. Merchants Bancorp had a net margin of 23.14% and a return on equity of 25.54%. During the same period last year, the company earned $1.31 earnings per share. Research analysts predict that Merchants Bancorp will post 6.08 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, September 13th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 5.50%.

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.