Merchants Bancorp (MBIN) To Go Ex-Dividend on June 15th

Merchants Bancorp (NASDAQ:MBIN) declared a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 15th will be paid a dividend of 0.11 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 15th.

Merchants Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Merchants Bancorp has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Merchants Bancorp to earn $5.70 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 7.7%.

Merchants Bancorp Trading Up 1.1%

Shares of NASDAQ:MBIN opened at $50.11 on Friday. The stock has a 50 day moving average of $47.03 and a 200 day moving average of $41.68. The company has a market cap of $2.30 billion, a PE ratio of 12.22 and a beta of 1.14. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 2.68. Merchants Bancorp has a 12-month low of $28.75 and a 12-month high of $51.00.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $175.25 million during the quarter, compared to the consensus estimate of $174.30 million. Merchants Bancorp had a return on equity of 13.40% and a net margin of 16.64%. As a group, equities research analysts expect that Merchants Bancorp will post 5.21 EPS for the current year.

Institutional Trading of Merchants Bancorp

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Merchants Bancorp by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,758,985 shares of the company’s stock worth $75,476,000 after acquiring an additional 102,087 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Merchants Bancorp by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 1,414,584 shares of the company’s stock worth $48,181,000 after acquiring an additional 36,184 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Merchants Bancorp by 10.2% during the 3rd quarter. Royce & Associates LP now owns 862,119 shares of the company’s stock worth $27,415,000 after acquiring an additional 79,707 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Merchants Bancorp by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 715,394 shares of the company’s stock worth $24,371,000 after acquiring an additional 18,925 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Merchants Bancorp by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 630,077 shares of the company’s stock worth $20,036,000 after acquiring an additional 62,097 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.