Merchants Bancorp (NASDAQ:MBIN) Sees Unusually-High Trading Volume on Earnings Beat

Shares of Merchants Bancorp (NASDAQ:MBIN) saw strong trading volume on Tuesday following a stronger than expected earnings report. 150,810 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 120,192 shares.The stock last traded at $40.36 and had previously closed at $39.27.

The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.43. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%. The business had revenue of $355.05 million during the quarter, compared to analysts’ expectations of $144.15 million.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.09 per share. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s payout ratio is presently 6.38%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC bought a new position in shares of Merchants Bancorp during the fourth quarter valued at approximately $26,000. AJOVista LLC purchased a new stake in shares of Merchants Bancorp in the 4th quarter worth approximately $86,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Merchants Bancorp by 45.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,648 shares of the company’s stock valued at $198,000 after buying an additional 1,463 shares in the last quarter. SG Americas Securities LLC purchased a new position in Merchants Bancorp during the third quarter valued at $199,000. Finally, Arizona State Retirement System bought a new stake in Merchants Bancorp in the fourth quarter worth $206,000. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.77. The business has a 50 day moving average price of $41.19 and a 200 day moving average price of $38.44. The stock has a market capitalization of $1.77 billion, a PE ratio of 6.96 and a beta of 1.18.

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.