14,318 Shares in Merchants Bancorp (NASDAQ:MBIN) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in Merchants Bancorp (NASDAQ:MBIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,318 shares of the company’s stock, valued at approximately $610,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Merchants Bancorp by 1.4% in the third quarter. Vanguard Group Inc. now owns 944,185 shares of the company’s stock worth $26,173,000 after purchasing an additional 12,628 shares in the last quarter. Federated Hermes Inc. grew its stake in Merchants Bancorp by 42,253.6% during the fourth quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock worth $9,252,000 after buying an additional 216,761 shares during the last quarter. American Century Companies Inc. grew its stake in Merchants Bancorp by 11.0% during the third quarter. American Century Companies Inc. now owns 188,603 shares of the company’s stock worth $5,228,000 after buying an additional 18,693 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Merchants Bancorp by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 185,332 shares of the company’s stock worth $5,137,000 after buying an additional 10,211 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its stake in Merchants Bancorp by 3.1% during the third quarter. Seizert Capital Partners LLC now owns 143,601 shares of the company’s stock worth $3,981,000 after buying an additional 4,261 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Wall Street Analyst Weigh In

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

Merchants Bancorp Price Performance

Shares of MBIN traded down $0.30 during mid-day trading on Friday, hitting $39.04. 61,387 shares of the company traded hands, compared to its average volume of 119,362. Merchants Bancorp has a one year low of $21.50 and a one year high of $48.68. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $41.31 and a 200 day moving average of $38.12. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 6.98 and a beta of 1.18.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Monday, January 29th. The company reported $1.58 EPS for the quarter, beating 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 business had revenue of $346.21 million for the quarter, compared to analysts’ expectations of $142.65 million. As a group, equities analysts expect that Merchants Bancorp will post 5.65 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.09 per share. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s dividend payout ratio is 6.38%.

Merchants Bancorp Profile

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.