Inceptionr LLC Raises Stake in Merchants Bancorp (NASDAQ:MBIN)

Inceptionr LLC boosted its holdings in shares of Merchants Bancorp (NASDAQ:MBIN) by 13.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,718 shares of the company’s stock after purchasing an additional 687 shares during the period. Inceptionr LLC’s holdings in Merchants Bancorp were worth $209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Merchants Bancorp by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,734 shares of the company’s stock worth $573,000 after purchasing an additional 456 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Merchants Bancorp during the 4th quarter worth $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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. Rhumbline Advisers grew its position in Merchants Bancorp by 4.4% during the 4th quarter. Rhumbline Advisers now owns 28,753 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Twelve Points Wealth Management LLC lifted its stake in shares of Merchants Bancorp by 5.3% in the 4th quarter. Twelve Points Wealth Management LLC now owns 35,814 shares of the company’s stock worth $1,306,000 after acquiring an additional 1,802 shares during the period. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Stock Down 5.3 %

MBIN stock opened at $36.62 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. Merchants Bancorp has a one year low of $34.16 and a one year high of $53.27. The company has a fifty day moving average of $39.80 and a 200-day moving average of $41.04. The stock has a market capitalization of $1.68 billion, a PE ratio of 5.80 and a beta of 1.16.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.10 dividend. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. Merchants Bancorp’s dividend payout ratio (DPR) is 6.34%.

Insider Activity at Merchants Bancorp

In related news, insider Scott A. Evans sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total value of $1,077,500.00. Following the completion of the sale, the insider now owns 27,606 shares in the company, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James restated an “outperform” rating and issued a $53.00 target price (up previously from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th. Piper Sandler raised their target price on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a research note on Thursday, January 30th.

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.