Michael R. Dury Buys 5,200 Shares of Merchants Bancorp (NASDAQ:MBIN) Stock

Merchants Bancorp (NASDAQ:MBIN) CEO Michael R. Dury bought 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $38.71 per share, for a total transaction of $201,292.00. Following the transaction, the chief executive officer now owns 93,793 shares of the company’s stock, valued at $3,630,727.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Merchants Bancorp Trading Down 1.6 %

NASDAQ MBIN opened at $39.38 on Thursday. The stock’s 50-day simple moving average is $42.59 and its two-hundred day simple moving average is $42.11. Merchants Bancorp has a twelve month low of $25.78 and a twelve month high of $53.27. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.18 and a beta of 1.12.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Monday, July 29th. The company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08). Merchants Bancorp had a net margin of 23.14% and a return on equity of 26.78%. The firm had revenue of $359.62 million for the quarter, compared to analysts’ expectations of $160.70 million. During the same quarter in the previous year, the business earned $1.31 EPS. Research analysts forecast that Merchants Bancorp will post 6.22 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.91%. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.65%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MBIN shares. Piper Sandler reiterated an “overweight” rating and issued a $56.00 price objective (down previously from $58.50) on shares of Merchants Bancorp in a research report on Friday, May 17th. Raymond James downgraded Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $55.00 to $58.00 in a research report on Tuesday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Merchants Bancorp by 2.5% during the first quarter. Vanguard Group Inc. now owns 994,962 shares of the company’s stock valued at $42,962,000 after buying an additional 24,122 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Merchants Bancorp by 14.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 795,381 shares of the company’s stock valued at $33,869,000 after buying an additional 102,051 shares during the last quarter. Banc Funds Co. LLC grew its stake in shares of Merchants Bancorp by 3.5% during the fourth quarter. Banc Funds Co. LLC now owns 527,700 shares of the company’s stock valued at $22,469,000 after buying an additional 18,000 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Merchants Bancorp by 91.5% in the second quarter. Assenagon Asset Management S.A. now owns 264,464 shares of the company’s stock worth $10,721,000 after purchasing an additional 126,375 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Merchants Bancorp by 21.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 224,580 shares of the company’s stock worth $9,563,000 after purchasing an additional 39,248 shares during the last quarter. 24.57% of the stock is owned by institutional investors.

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.