Merchants Bancorp’s (MBIN) Outperform Rating Reiterated at Raymond James

Raymond James reiterated their outperform rating on shares of Merchants Bancorp (NASDAQ:MBIN – Free Report) in a report released on Thursday,Benzinga reports. They currently have a $53.00 price objective on the stock, up from their previous price objective of $50.00. Separately, Piper Sandler upped their price objective on Merchants Bancorp from $52.50 to $56.50 and [...]

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Raymond James reiterated their outperform rating on shares of Merchants Bancorp ( NASDAQ:MBIN – Free Report ) in a report released on Thursday, Benzinga reports. They currently have a $53.00 price objective on the stock, up from their previous price objective of $50.

00. Separately, Piper Sandler upped their price objective on Merchants Bancorp from $52.50 to $56.



50 and gave the company an “overweight” rating in a research report on Thursday. Check Out Our Latest Research Report on Merchants Bancorp Merchants Bancorp Price Performance Merchants Bancorp ( NASDAQ:MBIN – Get Free Report ) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.

85 earnings per share for the quarter, beating 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%.

As a group, equities analysts expect that Merchants Bancorp will post 5.17 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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 13th.

This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%.

Merchants Bancorp’s dividend payout ratio is presently 5.71%. Insider Activity at Merchants Bancorp In other news, Director Patrick D.

O’brien bought 40,000 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $25.00 per share, with a total value of $1,000,000.

00. Following the completion of the acquisition, the director now owns 40,000 shares in the company, valued at $1,000,000. The trade was a ∞ increase in their ownership of the stock.

The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, insider Scott A. Evans sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th.

The stock was sold at an average price of $43.10, for a total value of $1,077,500.00.

Following the completion of 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 disclosure for this sale can be found here . 39.

70% of the stock is owned by insiders. Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in MBIN. Bank of Jackson Hole Trust purchased a new stake in shares of Merchants Bancorp in the 4th quarter worth $82,000.

New York State Common Retirement Fund grew its holdings in Merchants Bancorp by 22.2% during the fourth quarter. New York State Common Retirement Fund now owns 60,534 shares of the company’s stock valued at $2,208,000 after purchasing an additional 11,000 shares during the period.

Kestra Investment Management LLC purchased a new stake in Merchants Bancorp in the fourth quarter worth about $25,000. Rhumbline Advisers raised its stake in shares of Merchants Bancorp by 4.4% in the fourth quarter.

Rhumbline Advisers now owns 28,753 shares of the company’s stock worth $1,049,000 after buying an additional 1,201 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of Merchants Bancorp by 3.1% during the 4th quarter.

Valeo Financial Advisors LLC now owns 225,419 shares of the company’s stock valued at $8,221,000 after buying an additional 6,882 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors.

Merchants Bancorp Company Profile ( Get Free Report ) 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.

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