4 hours Ago By ABMN Staff
Raymond James restated their outperform rating on shares of Merchants Bancorp ( NASDAQ:MBIN – Free Report ) in a report published on Thursday, Benzinga reports. The firm currently has a $53.00 price objective on the stock, up from their previous price objective of $50.
00. Separately, Piper Sandler lifted their price objective on shares of Merchants Bancorp from $52.50 to $56.
50 and gave the stock an “overweight” rating in a research note on Thursday. Check Out Our Latest Stock Analysis on Merchants Bancorp Merchants Bancorp Trading Down 1.5 % Merchants Bancorp ( NASDAQ:MBIN – Get Free Report ) last announced its quarterly earnings results on Monday, February 3rd.
The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.
58. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.
08%. On average, equities analysts expect that Merchants Bancorp will post 5.17 earnings per share for the current fiscal year.
Merchants Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.09 per share.
The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.
86%. Merchants Bancorp’s dividend payout ratio (DPR) is presently 5.71%.
Insider Transactions at Merchants Bancorp In other Merchants Bancorp news, insider Scott A. Evans sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.
60. This represents a 47.52 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director Patrick D. O’brien acquired 40,000 shares of Merchants Bancorp stock in a transaction on Monday, November 18th.
The shares were purchased at an average price of $25.00 per share, for a total transaction of $1,000,000.00.
Following the completion of the acquisition, the director now directly owns 40,000 shares in the company, valued at $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here .
Company insiders own 39.70% of the company’s stock. Hedge Funds Weigh In On Merchants Bancorp A number of hedge funds and other institutional investors have recently made changes to their positions in the company.
Royce & Associates LP lifted its stake in Merchants Bancorp by 143.1% in the third quarter. Royce & Associates LP now owns 490,189 shares of the company’s stock worth $22,039,000 after acquiring an additional 288,553 shares during the period.
State Street Corp increased its holdings in Merchants Bancorp by 4.7% during the third quarter. State Street Corp now owns 448,525 shares of the company’s stock valued at $20,205,000 after buying an additional 20,214 shares during the period.
Geode Capital Management LLC raised its stake in Merchants Bancorp by 3.0% in the third quarter. Geode Capital Management LLC now owns 566,520 shares of the company’s stock worth $25,476,000 after buying an additional 16,666 shares in the last quarter.
Barclays PLC lifted its holdings in Merchants Bancorp by 351.8% during the third quarter. Barclays PLC now owns 28,312 shares of the company’s stock worth $1,273,000 after buying an additional 22,046 shares during the period.
Finally, Franklin Resources Inc. boosted its position in Merchants Bancorp by 85.3% during the 3rd quarter.
Franklin Resources Inc. now owns 33,338 shares of the company’s stock valued at $1,504,000 after acquiring an additional 15,342 shares in the last quarter. Institutional investors own 24.
57% of the company’s stock. About Merchants Bancorp ( 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. Recommended Stories Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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