14,341 Shares in Merchants Bancorp (NASDAQ:MBIN) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Merchants Bancorp (NASDAQ:MBIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,341 shares of the company’s stock, valued at approximately $523,000.

A number of other large investors have also recently made changes to their positions in MBIN. Elser Financial Planning Inc purchased a new position in Merchants Bancorp in the fourth quarter valued at approximately $994,207,000. PL Capital Advisors LLC increased its stake in Merchants Bancorp by 3,547.0% in the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company’s stock valued at $250,442,000 after purchasing an additional 6,678,788 shares during the last quarter. Moran Wealth Management LLC purchased a new position in Merchants Bancorp in the fourth quarter valued at approximately $3,524,000. Foundry Partners LLC purchased a new position in Merchants Bancorp in the third quarter valued at approximately $3,477,000. Finally, Royce & Associates LP increased its stake in Merchants Bancorp by 15.5% in the fourth quarter. Royce & Associates LP now owns 566,245 shares of the company’s stock valued at $20,651,000 after purchasing an additional 76,056 shares during the last quarter. 24.57% of the stock is currently owned by hedge funds and other institutional investors.

Merchants Bancorp Stock Performance

Shares of MBIN opened at $38.22 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The firm has a market cap of $1.75 billion, a PE ratio of 6.06 and a beta of 1.16. The company’s 50 day simple moving average is $40.13 and its 200-day simple moving average is $40.60. Merchants Bancorp has a 12-month low of $34.16 and a 12-month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last announced its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, equities analysts predict that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. Merchants Bancorp’s dividend payout ratio (DPR) is currently 6.34%.

Insider Buying and Selling

In related news, insider Scott A. Evans sold 25,000 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the completion of the sale, the insider now directly owns 27,606 shares of the company’s stock, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MBIN shares. Piper Sandler increased their price target on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Raymond James restated an “outperform” rating and set a $53.00 target price (up from $50.00) on shares of Merchants Bancorp in a research report on Thursday, January 30th. Finally, Morgan Stanley lowered their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th.

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.