Merchants Bancorp (NASDAQ:MBIN) Sees Strong Trading Volume After Earnings Beat

Merchants Bancorp (NASDAQ:MBIN) shares saw strong trading volume on Tuesday following a better than expected earnings announcement. 150,810 shares were traded 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, topping the consensus estimate of $1.37 by $0.43. Merchants Bancorp had a return on equity of 25.38% and a net margin of 23.42%. The business had revenue of $355.05 million during the quarter, compared to analysts’ expectations of $144.15 million.

Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.88%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 14th. Merchants Bancorp’s payout ratio is currently 6.38%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Merchants Bancorp

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Merchants Bancorp in the 3rd quarter valued at $199,000. Raymond James & Associates boosted its stake in Merchants Bancorp by 1.4% in the third quarter. Raymond James & Associates now owns 34,501 shares of the company’s stock valued at $956,000 after acquiring an additional 489 shares during the last quarter. Bailard Inc. acquired a new stake in Merchants Bancorp during the 3rd quarter worth $227,000. Los Angeles Capital Management LLC lifted its stake in shares of Merchants Bancorp by 85.9% in the 3rd 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. Finally, Assenagon Asset Management S.A. boosted its position in shares of Merchants Bancorp by 2.6% in 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 own 24.57% of the company’s stock.

Merchants Bancorp Trading Up 4.0 %

The business has a 50 day moving average of $41.19 and a 200 day moving average of $38.44. 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 firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 6.96 and a beta of 1.18.

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.