Barclays PLC Acquires 22,046 Shares of Merchants Bancorp (NASDAQ:MBIN)

Barclays PLC raised its holdings in shares of Merchants Bancorp (NASDAQ:MBIN) by 351.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 28,312 shares of the company’s stock after purchasing an additional 22,046 shares during the period. Barclays PLC’s holdings in Merchants Bancorp were worth $1,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hohimer Wealth Management LLC purchased a new position in Merchants Bancorp during the third quarter valued at approximately $202,000. Geode Capital Management LLC boosted its position in Merchants Bancorp by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company’s stock valued at $25,476,000 after acquiring an additional 16,666 shares in the last quarter. State Street Corp increased its holdings in shares of Merchants Bancorp by 4.7% in the 3rd quarter. State Street Corp now owns 448,525 shares of the company’s stock valued at $20,205,000 after acquiring an additional 20,214 shares during the period. Banc Funds Co. LLC raised its position in shares of Merchants Bancorp by 3.3% in the 3rd quarter. Banc Funds Co. LLC now owns 389,615 shares of the company’s stock worth $17,517,000 after acquiring an additional 12,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Merchants Bancorp by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company’s stock worth $914,000 after purchasing an additional 1,099 shares during the last quarter. Institutional investors own 24.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MBIN shares. Raymond James cut their target price on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Piper Sandler boosted their price objective on shares of Merchants Bancorp from $48.00 to $52.50 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th.

Insider Buying and Selling at Merchants Bancorp

In other news, Director Patrick D. O’brien acquired 40,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the acquisition, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,000,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 39.70% of the stock is currently owned by company insiders.

Merchants Bancorp Stock Up 1.8 %

Merchants Bancorp stock opened at $35.36 on Tuesday. The business has a fifty day moving average price of $38.42 and a 200-day moving average price of $41.93. Merchants Bancorp has a 1-year low of $34.16 and a 1-year high of $53.27. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.85 and a beta of 1.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Monday, October 28th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. The business had revenue of $355.67 million during the quarter, compared to analyst estimates of $156.13 million. During the same period in the prior year, the business posted $1.68 EPS. Equities research analysts forecast that Merchants Bancorp will post 5.74 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. Merchants Bancorp’s payout ratio is 5.96%.

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.