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

Wedge Capital Management L L P NC increased its position in Merchants Bancorp (NASDAQ:MBIN) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,748 shares of the company’s stock after buying an additional 360 shares during the period. Wedge Capital Management L L P NC’s holdings in Merchants Bancorp were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MBIN. Federated Hermes Inc. raised its position in shares of Merchants Bancorp by 42,253.6% in the fourth quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock valued at $9,252,000 after buying an additional 216,761 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Merchants Bancorp by 129.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company’s stock valued at $5,402,000 after purchasing an additional 71,632 shares during the period. Sapient Capital LLC purchased a new stake in Merchants Bancorp in the fourth quarter valued at approximately $2,928,000. Knights of Columbus Asset Advisors LLC grew its holdings in Merchants Bancorp by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 109,732 shares of the company’s stock valued at $4,672,000 after purchasing an additional 53,333 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Merchants Bancorp by 85.9% in the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company’s stock valued at $2,116,000 after purchasing an additional 35,280 shares during the period. Institutional investors and hedge funds own 24.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Merchants Bancorp Price Performance

MBIN opened at $39.34 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Merchants Bancorp has a 52-week low of $21.50 and a 52-week high of $48.68. The company has a 50 day moving average of $41.31 and a two-hundred day moving average of $38.12. The company has a market cap of $1.71 billion, a P/E ratio of 6.98 and a beta of 1.18.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Monday, January 29th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, analysts expect that Merchants Bancorp will post 5.65 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid 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 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s payout ratio is currently 6.38%.

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.