Merchants Bancorp (NASDAQ:MBIN) Insider Acquires $200,520.00 in Stock

Merchants Bancorp (NASDAQ:MBIN) insider Michael R. Dury acquired 12,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $16.71 per share, with a total value of $200,520.00.

NASDAQ:MBIN opened at $17.04 on Thursday. The firm has a market capitalization of $496.33 million, a PE ratio of 8.23 and a beta of 1.17. The stock has a 50 day moving average of $16.49 and a 200-day moving average of $19.02. Merchants Bancorp has a 52 week low of $14.64 and a 52 week high of $28.23. The company has a current ratio of 1.04, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Tuesday, July 30th. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The company had revenue of $37.79 million during the quarter. Merchants Bancorp had a return on equity of 15.42% and a net margin of 28.72%. As a group, analysts predict that Merchants Bancorp will post 1.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 12th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.53%.

Several analysts recently weighed in on MBIN shares. Zacks Investment Research raised Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. Raymond James lowered their price objective on Merchants Bancorp from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, August 29th.

Large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Merchants Bancorp by 71.1% during the second quarter. Royal Bank of Canada now owns 3,250 shares of the company’s stock valued at $55,000 after purchasing an additional 1,350 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Merchants Bancorp by 810.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,351 shares of the company’s stock valued at $72,000 after purchasing an additional 2,983 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Merchants Bancorp by 93.8% during the second quarter. JPMorgan Chase & Co. now owns 7,749 shares of the company’s stock valued at $131,000 after purchasing an additional 3,751 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Merchants Bancorp during the second quarter valued at approximately $171,000. Finally, Strs Ohio grew its holdings in shares of Merchants Bancorp by 400.0% during the second quarter. Strs Ohio now owns 10,500 shares of the company’s stock valued at $178,000 after purchasing an additional 8,400 shares during the last quarter. 21.68% of the stock is owned by institutional investors.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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