Merchants Bancorp (NASDAQ:MBIN – Get Free Report) Director Julia Kaercher sold 9,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $55.20, for a total transaction of $496,800.00. Following the transaction, the director directly owned 727,103 shares in the company, valued at $40,136,085.60. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Merchants Bancorp Stock Down 0.6%
Shares of MBIN traded down $0.33 during mid-day trading on Friday, hitting $55.18. The company’s stock had a trading volume of 222,061 shares, compared to its average volume of 236,156. The company’s 50-day moving average is $48.68 and its 200-day moving average is $45.28. Merchants Bancorp has a 52-week low of $28.75 and a 52-week high of $56.87. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 11.08 and a beta of 1.14. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.32.
Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.26. The firm had revenue of $182.22 million for the quarter, compared to the consensus estimate of $179.00 million. Merchants Bancorp had a net margin of 19.80% and a return on equity of 15.29%. On average, equities research analysts forecast that Merchants Bancorp will post 5.31 EPS for the current fiscal year.
Merchants Bancorp Announces Dividend
Institutional Investors Weigh In On Merchants Bancorp
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Merchants Bancorp by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 1,414,584 shares of the company’s stock worth $48,181,000 after purchasing an additional 36,184 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Merchants Bancorp during the 4th quarter valued at $355,000. Principal Financial Group Inc. acquired a new stake in shares of Merchants Bancorp in the 1st quarter worth $6,120,000. Sapient Capital LLC boosted its position in shares of Merchants Bancorp by 41.2% in the 4th quarter. Sapient Capital LLC now owns 75,521 shares of the company’s stock worth $2,550,000 after purchasing an additional 22,030 shares in the last quarter. Finally, UBS Group AG grew its stake in Merchants Bancorp by 84.4% during the 4th quarter. UBS Group AG now owns 75,592 shares of the company’s stock worth $2,575,000 after buying an additional 34,603 shares during the last quarter. 24.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MBIN. Raymond James Financial downgraded Merchants Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Zacks Research downgraded Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Merchants Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Morgan Stanley reiterated a “positive” rating and issued a $49.00 target price (up from $46.00) on shares of Merchants Bancorp in a research note on Monday, June 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price on shares of Merchants Bancorp in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Merchants Bancorp has an average rating of “Moderate Buy” and a consensus target price of $51.50.
View Our Latest Stock Report on Merchants Bancorp
Merchants Bancorp Company Profile
Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.
The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.
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