Scott A. Evans Sells 25,000 Shares of Merchants Bancorp (NASDAQ:MBIN) Stock

Merchants Bancorp (NASDAQ:MBIN) 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 transaction of $1,077,500.00. Following the transaction, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. The trade was a 47.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Merchants Bancorp Stock Performance

NASDAQ:MBIN traded up $2.59 during trading hours on Wednesday, reaching $42.35. The stock had a trading volume of 609,152 shares, compared to its average volume of 189,342. Merchants Bancorp has a 12-month low of $34.16 and a 12-month high of $53.27. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. The stock has a 50 day simple moving average of $38.20 and a 200 day simple moving average of $41.72. The stock has a market cap of $1.94 billion, a P/E ratio of 7.01 and a beta of 1.14.

Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. On average, research analysts forecast that Merchants Bancorp will post 5.73 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, December 13th. Merchants Bancorp’s payout ratio is currently 5.96%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Merchants Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in Merchants Bancorp by 209.4% in the 3rd quarter. CWM LLC now owns 1,284 shares of the company’s stock worth $58,000 after purchasing an additional 869 shares during the period. Matrix Trust Co lifted its holdings in shares of Merchants Bancorp by 730.8% in the fourth quarter. Matrix Trust Co now owns 2,642 shares of the company’s stock worth $96,000 after buying an additional 2,324 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Merchants Bancorp during the third quarter valued at approximately $162,000. Point72 Asset Management L.P. increased its holdings in Merchants Bancorp by 54.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company’s stock worth $163,000 after acquiring an additional 1,412 shares during the period. Finally, FMR LLC grew its position in shares of Merchants Bancorp by 214.5% during the 3rd quarter. FMR LLC now owns 3,957 shares of the company’s stock valued at $178,000 after purchasing an additional 2,699 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors.

About Merchants Bancorp

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.