Insider Selling: Merchants Bancorp (NASDAQ:MBIN) Vice Chairman Sells 2,300 Shares of Stock

Merchants Bancorp (NASDAQ:MBINGet Free Report) Vice Chairman Randall D. Rogers sold 2,300 shares of Merchants Bancorp stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $28.25, for a total value of $64,975.00. Following the completion of the sale, the insider now owns 97,894 shares of the company’s stock, valued at $2,765,505.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Merchants Bancorp Stock Down 0.1 %

NASDAQ:MBIN traded down $0.03 on Monday, hitting $28.00. The stock had a trading volume of 29,640 shares, compared to its average volume of 67,336. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.96. Merchants Bancorp has a 52 week low of $21.50 and a 52 week high of $33.58. The business’s fifty day moving average is $29.39 and its 200 day moving average is $26.84. The company has a market cap of $1.21 billion, a PE ratio of 5.94 and a beta of 1.18.

Merchants Bancorp (NASDAQ:MBINGet Free Report) last issued its earnings results on Thursday, July 27th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.08. Merchants Bancorp had a return on equity of 23.95% and a net margin of 26.77%. The company had revenue of $135.50 million for the quarter, compared to analyst estimates of $122.90 million. On average, equities research analysts expect that Merchants Bancorp will post 4.96 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, September 14th. Merchants Bancorp’s payout ratio is presently 6.78%.

Institutional Investors Weigh In On Merchants Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in MBIN. Fairfield Bush & CO. bought a new stake in Merchants Bancorp during the 1st quarter worth approximately $163,000. Swiss National Bank raised its position in Merchants Bancorp by 61.3% in the 1st quarter. Swiss National Bank now owns 35,800 shares of the company’s stock valued at $980,000 after buying an additional 13,600 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Merchants Bancorp by 18.5% during the 1st quarter. JPMorgan Chase & Co. now owns 70,890 shares of the company’s stock valued at $1,941,000 after acquiring an additional 11,091 shares in the last quarter. Raymond James & Associates boosted its holdings in Merchants Bancorp by 58.7% during the 1st quarter. Raymond James & Associates now owns 48,608 shares of the company’s stock worth $1,331,000 after acquiring an additional 17,971 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Merchants Bancorp in the 1st quarter worth $209,000. Institutional investors and hedge funds own 24.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MBIN. Piper Sandler raised their price objective on shares of Merchants Bancorp from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Raymond James raised their price target on shares of Merchants Bancorp from $38.00 to $41.00 and gave the stock a “strong-buy” rating in a report on Monday, July 31st.

Get Our Latest Report on Merchants Bancorp

About Merchants Bancorp

(Get Free Report)

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. 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; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator.

See Also

Insider Buying and Selling by Quarter for Merchants Bancorp (NASDAQ:MBIN)

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with's FREE daily email newsletter.