Merchants Bancorp (NASDAQ:MBIN) Shares Gap Up – What’s Next?

Merchants Bancorp (NASDAQ:MBIN) gapped up prior to trading on Monday . The stock had previously closed at $37.04, but opened at $37.79. Merchants Bancorp shares last traded at $37.30, with a volume of 18,477 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MBIN shares. Raymond James restated an “outperform” rating and set a $53.00 target price (up from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th. Piper Sandler increased their price target on Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th.

Merchants Bancorp Price Performance

The stock has a 50 day moving average price of $40.13 and a two-hundred day moving average price of $40.28. The company has a market capitalization of $1.69 billion, a PE ratio of 5.84 and a beta of 1.16. 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 (NASDAQ:MBIN) last announced its earnings results on Monday, February 3rd. The company reported $1.85 EPS for the quarter, topping 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%. Equities analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, March 14th. Merchants Bancorp’s dividend payout ratio is 6.34%.

Insider Activity

In related news, insider Scott A. Evans sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, 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 SEC, which is available at the SEC website. 39.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Merchants Bancorp

A number of institutional investors have recently made changes to their positions in MBIN. Kestra Investment Management LLC bought a new stake in shares of Merchants Bancorp during the fourth quarter worth $25,000. Cubist Systematic Strategies LLC bought a new stake in Merchants Bancorp in the 4th quarter valued at $79,000. Bank of Jackson Hole Trust acquired a new stake in shares of Merchants Bancorp during the 4th quarter worth about $82,000. Matrix Trust Co boosted its holdings in shares of Merchants Bancorp by 730.8% during the fourth quarter. Matrix Trust Co now owns 2,642 shares of the company’s stock worth $96,000 after acquiring an additional 2,324 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Merchants Bancorp by 118.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company’s stock valued at $130,000 after buying an additional 1,933 shares in the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.

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.