Merchants Bancorp (NASDAQ:MBIN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Merchants Bancorp (NASDAQ:MBINFree Report) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,580 shares of the company’s stock after acquiring an additional 39,248 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.52% of Merchants Bancorp worth $9,563,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MBIN. Sapient Capital LLC purchased a new stake in Merchants Bancorp during the 4th quarter worth $2,928,000. Knights of Columbus Asset Advisors LLC grew its holdings in Merchants Bancorp by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 109,732 shares of the company’s stock worth $4,672,000 after acquiring an additional 53,333 shares in the last quarter. Federated Hermes Inc. grew its holdings in Merchants Bancorp by 42,253.6% during the 4th quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock worth $9,252,000 after acquiring an additional 216,761 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Merchants Bancorp by 2.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 63,576 shares of the company’s stock worth $2,707,000 after acquiring an additional 1,583 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Merchants Bancorp by 129.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company’s stock valued at $5,402,000 after buying an additional 71,632 shares during the period. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Stock Performance

Shares of MBIN opened at $39.38 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 1.06. The company has a market capitalization of $1.71 billion, a PE ratio of 6.18 and a beta of 1.17. Merchants Bancorp has a 52 week low of $22.70 and a 52 week high of $48.68. The company’s 50 day moving average price is $41.63 and its 200 day moving average price is $40.57.

Merchants Bancorp (NASDAQ:MBINGet Free Report) last released its earnings results on Monday, April 29th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.37 by $0.43. Merchants Bancorp had a net margin of 23.55% and a return on equity of 26.65%. The firm had revenue of $355.05 million during the quarter, compared to analysts’ expectations of $144.15 million. Research analysts expect that Merchants Bancorp will post 6.38 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.09 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.91%. Merchants Bancorp’s dividend payout ratio is 5.65%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $56.00 target price (down from $58.50) on shares of Merchants Bancorp in a research note on Friday, May 17th. Raymond James restated a “strong-buy” rating and set a $55.00 price target on shares of Merchants Bancorp in a research report on Wednesday, May 15th.

Get Our Latest Report on Merchants Bancorp

Merchants Bancorp Company Profile

(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.

See Also

Institutional Ownership by Quarter for Merchants Bancorp (NASDAQ:MBIN)

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