Valeo Financial Advisors LLC Increases Position in Merchants Bancorp $MBIN

by · The Cerbat Gem

Valeo Financial Advisors LLC lifted its holdings in shares of Merchants Bancorp (NASDAQ:MBIN – Free Report) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 239,482 shares of the company’s stock after buying an additional 14,055 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Merchants Bancorp were worth $7,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Merchants Bancorp by 110.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,201 shares of the company’s stock worth $73,000 after acquiring an additional 1,153 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Merchants Bancorp by 44.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,649 shares of the company’s stock worth $88,000 after purchasing an additional 817 shares during the period. CWM LLC grew its position in Merchants Bancorp by 121.6% in the 2nd quarter. CWM LLC now owns 3,010 shares of the company’s stock valued at $100,000 after buying an additional 1,652 shares during the last quarter. Matrix Trust Co increased its stake in Merchants Bancorp by 10.3% in the 2nd quarter. Matrix Trust Co now owns 4,226 shares of the company’s stock valued at $140,000 after buying an additional 396 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Merchants Bancorp by 51.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,867 shares of the company’s stock worth $194,000 after buying an additional 2,004 shares during the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MBIN has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $42.00 target price (up previously from $41.00) on shares of Merchants Bancorp in a report on Thursday, October 30th. Morgan Stanley reaffirmed an “underperform” rating and issued a $39.00 price objective (up previously from $34.00) on shares of Merchants Bancorp in a report on Monday, September 29th. Wall Street Zen upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research raised Merchants Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, UBS Group set a $42.00 price objective on Merchants Bancorp in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.25.

View Our Latest Research Report on MBIN

Merchants Bancorp Price Performance

MBIN stock opened at $36.23 on Monday. The firm has a 50 day moving average of $32.40 and a 200-day moving average of $32.56. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 8.33 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 1.73. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $43.82.

Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.18. The firm had revenue of $171.07 million during the quarter, compared to the consensus estimate of $163.90 million. Merchants Bancorp had a return on equity of 15.20% and a net margin of 17.73%. As a group, equities analysts expect that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

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

About Merchants Bancorp

(Free Report)

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.

See Also

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