5,589 Shares in Merchants Bancorp (NASDAQ:MBIN) Acquired by Arcus Capital Partners LLC

Arcus Capital Partners LLC bought a new stake in Merchants Bancorp (NASDAQ:MBIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,589 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its holdings in Merchants Bancorp by 26.8% during the 3rd quarter. GSA Capital Partners LLP now owns 37,882 shares of the company’s stock worth $1,703,000 after buying an additional 8,008 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Merchants Bancorp in the 3rd quarter worth about $162,000. Harbor Capital Advisors Inc. boosted its position in shares of Merchants Bancorp by 9.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,340 shares of the company’s stock valued at $240,000 after purchasing an additional 460 shares in the last quarter. US Bancorp DE grew its stake in Merchants Bancorp by 8,677.6% during the third quarter. US Bancorp DE now owns 5,881 shares of the company’s stock worth $264,000 after purchasing an additional 5,814 shares during the period. Finally, Raymond James & Associates increased its holdings in Merchants Bancorp by 16.0% in the third quarter. Raymond James & Associates now owns 64,238 shares of the company’s stock worth $2,888,000 after purchasing an additional 8,873 shares in the last quarter. Institutional investors own 24.57% of the company’s stock.

Analyst Ratings Changes

MBIN has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $48.00 price target (down from $56.00) on shares of Merchants Bancorp in a report on Wednesday, October 30th. Morgan Stanley started coverage on shares of Merchants Bancorp in a research report on Monday, September 9th. They issued an “equal weight” rating and a $54.00 price target for the company. Finally, Raymond James decreased their price objective on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th.

Merchants Bancorp Stock Up 4.2 %

MBIN opened at $41.00 on Tuesday. Merchants Bancorp has a fifty-two week low of $31.30 and a fifty-two week high of $53.27. The firm has a market capitalization of $1.88 billion, a P/E ratio of 6.79 and a beta of 1.12. The company’s 50-day moving average is $43.21 and its 200 day moving average is $42.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 0.78.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Monday, October 28th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.25). The business had revenue of $355.67 million during the quarter, compared to the consensus estimate of $156.13 million. Merchants Bancorp had a net margin of 21.33% and a return on equity of 23.14%. During the same period in the prior year, the company earned $1.68 earnings per share. Research analysts expect that Merchants Bancorp will post 5.77 earnings per share for the current fiscal year.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, September 13th. Merchants Bancorp’s payout ratio is 5.96%.

Insider Buying and Selling

In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 75,000 shares of Merchants Bancorp stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.00, for a total value of $3,300,000.00. Following the sale, the insider now owns 748,000 shares of the company’s stock, valued at approximately $32,912,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Michael F. Petrie sold 22,050 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $45.34, for a total transaction of $999,747.00. Following the completion of the transaction, the chief executive officer now owns 1,990,545 shares in the company, valued at approximately $90,251,310.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Randall D. Rogers sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.00, for a total value of $3,300,000.00. Following the completion of the sale, the insider now owns 748,000 shares in the company, valued at $32,912,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.70% of the stock is owned by insiders.

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.