Merchants Bancorp $MBIN Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,482 shares of the company’s stock after acquiring an additional 14,055 shares during the quarter. Valeo Financial Advisors LLC owned 0.52% of Merchants Bancorp worth $7,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MBIN. Elser Financial Planning Inc acquired a new position in Merchants Bancorp during the 2nd quarter worth $934,497,000. Vanguard Group Inc. boosted its stake in shares of Merchants Bancorp by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,233,965 shares of the company’s stock valued at $45,657,000 after buying an additional 26,111 shares during the period. Geode Capital Management LLC grew its position in shares of Merchants Bancorp by 17.4% during the second quarter. Geode Capital Management LLC now owns 681,486 shares of the company’s stock worth $22,539,000 after buying an additional 101,139 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Merchants Bancorp by 10.7% during the second quarter. American Century Companies Inc. now owns 567,980 shares of the company’s stock worth $18,783,000 after buying an additional 55,038 shares during the period. Finally, Invesco Ltd. raised its holdings in Merchants Bancorp by 1.9% in the first quarter. Invesco Ltd. now owns 480,622 shares of the company’s stock valued at $17,783,000 after acquiring an additional 9,192 shares in the last quarter. 24.57% of the stock is currently owned by institutional investors and hedge funds.

Merchants Bancorp Price Performance

Shares of MBIN opened at $36.23 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.10 and a quick ratio of 0.80. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $43.82. The stock has a market cap of $1.66 billion, a PE ratio of 8.33 and a beta of 1.25. The firm has a fifty day moving average price of $32.40 and a 200 day moving average price of $32.56.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.18. Merchants Bancorp had a return on equity of 15.20% and a net margin of 17.73%.The business had revenue of $171.07 million for the quarter, compared to analysts’ expectations of $163.90 million. As a group, sell-side analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. Merchants Bancorp’s payout ratio is currently 9.20%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley reaffirmed an “underperform” rating and set a $39.00 price objective (up from $34.00) on shares of Merchants Bancorp in a research report on Monday, September 29th. Zacks Research raised Merchants Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merchants Bancorp in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of Merchants Bancorp in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.25.

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.