Merchants Bancorp (NASDAQ:MBIN) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in Merchants Bancorp (NASDAQ:MBIN) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,748 shares of the company’s stock after acquiring an additional 360 shares during the period. Wedge Capital Management L L P NC’s holdings in Merchants Bancorp were worth $671,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Merchants Bancorp during the 3rd quarter worth about $199,000. Raymond James & Associates raised its position in shares of Merchants Bancorp by 1.4% during the 3rd quarter. Raymond James & Associates now owns 34,501 shares of the company’s stock worth $956,000 after purchasing an additional 489 shares during the last quarter. Bailard Inc. acquired a new position in shares of Merchants Bancorp during the 3rd quarter worth about $227,000. Los Angeles Capital Management LLC raised its position in shares of Merchants Bancorp by 85.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company’s stock worth $2,116,000 after purchasing an additional 35,280 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Merchants Bancorp by 2.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,245 shares of the company’s stock worth $1,531,000 after purchasing an additional 1,382 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Stock Down 3.9 %

MBIN stock opened at $39.34 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 6.98 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. Merchants Bancorp has a 12 month low of $21.50 and a 12 month high of $48.68. The firm has a 50-day moving average of $41.31 and a two-hundred day moving average of $38.12.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, January 29th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%. The company had revenue of $346.21 million during the quarter, compared to the consensus estimate of $142.65 million. As a group, analysts forecast that Merchants Bancorp will post 5.65 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.09 dividend. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.92%. Merchants Bancorp’s dividend payout ratio is 6.38%.

Analyst Ratings Changes

Separately, Raymond James upped their price target on shares of Merchants Bancorp from $44.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 30th.

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.