Twelve Points Wealth Management LLC Purchases 1,802 Shares of Merchants Bancorp (NASDAQ:MBIN)

Twelve Points Wealth Management LLC grew its position in Merchants Bancorp (NASDAQ:MBIN) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,814 shares of the company’s stock after acquiring an additional 1,802 shares during the quarter. Twelve Points Wealth Management LLC owned 0.08% of Merchants Bancorp worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Merchants Bancorp by 3.7% during the third quarter. Victory Capital Management Inc. now owns 12,734 shares of the company’s stock valued at $573,000 after purchasing an additional 456 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Merchants Bancorp by 9.4% during the third 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 during the period. Sei Investments Co. lifted its position in Merchants Bancorp by 10.3% in the second quarter. Sei Investments Co. now owns 8,571 shares of the company’s stock worth $347,000 after buying an additional 800 shares during the last quarter. CWM LLC boosted its stake in shares of Merchants Bancorp by 209.4% during 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Merchants Bancorp by 5.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company’s stock valued at $914,000 after buying an additional 1,099 shares during the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Trading Down 1.8 %

MBIN opened at $39.76 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The stock’s fifty day moving average is $38.12 and its two-hundred day moving average is $41.72. The company has a market capitalization of $1.82 billion, a P/E ratio of 6.58 and a beta of 1.14. Merchants Bancorp has a 52 week low of $34.16 and a 52 week high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. Analysts forecast that Merchants Bancorp will post 5.73 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, December 13th. Merchants Bancorp’s payout ratio is 5.96%.

Insider Buying and Selling

In other news, Director Patrick D. O’brien acquired 40,000 shares of Merchants Bancorp stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at $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. 39.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MBIN has been the topic of several research analyst reports. Raymond James cut their price objective on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Piper Sandler upped their price target on shares of Merchants Bancorp from $48.00 to $52.50 and gave the stock an “overweight” rating in a report on Tuesday, November 26th.

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.