Sapient Capital LLC Sells 3,110 Shares of Merchants Bancorp (NASDAQ:MBIN)

Sapient Capital LLC lowered its holdings in shares of Merchants Bancorp (NASDAQ:MBIN) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 74,103 shares of the company’s stock after selling 3,110 shares during the period. Sapient Capital LLC owned about 0.16% of Merchants Bancorp worth $2,709,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Millennium Management LLC raised its position in Merchants Bancorp by 139.9% during the 2nd quarter. Millennium Management LLC now owns 91,579 shares of the company’s stock worth $3,713,000 after purchasing an additional 53,401 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Merchants Bancorp by 10.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,046 shares of the company’s stock valued at $529,000 after buying an additional 1,230 shares during the period. SG Americas Securities LLC raised its position in shares of Merchants Bancorp by 80.2% during the third quarter. SG Americas Securities LLC now owns 9,499 shares of the company’s stock worth $427,000 after acquiring an additional 4,227 shares during the last quarter. CWM LLC lifted its stake in shares of Merchants Bancorp by 209.4% in the third quarter. CWM LLC now owns 1,284 shares of the company’s stock worth $58,000 after acquiring an additional 869 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its holdings in Merchants Bancorp by 3.5% in the third quarter. Twelve Points Wealth Management LLC now owns 34,012 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Stock Performance

Shares of MBIN stock opened at $42.19 on Tuesday. The firm has a 50 day moving average of $38.38 and a 200-day moving average of $41.36. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 6.69 and a beta of 1.15. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. Merchants Bancorp has a 52 week low of $34.16 and a 52 week high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. On average, equities analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, December 13th. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MBIN shares. Piper Sandler boosted their target price on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James reissued an “outperform” rating and issued a $53.00 price objective (up from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th.

Insider Buying and Selling

In other Merchants Bancorp news, Director Patrick D. O’brien bought 40,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at approximately $1,000,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott A. Evans sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction 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 represents a 47.52 % decrease in their position. The disclosure for this sale can be found here. 39.70% of the stock is owned by company insiders.

Merchants Bancorp 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.