Deutsche Bank AG Purchases Shares of 105,673 Merchants Bancorp $MBIN

Deutsche Bank AG purchased a new position in shares of Merchants Bancorp (NASDAQ:MBIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 105,673 shares of the company’s stock, valued at approximately $5,284,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Merchants Bancorp by 110.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,201 shares of the company’s stock valued at $73,000 after acquiring an additional 1,153 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Merchants Bancorp during the 1st quarter worth about $215,000. Brevan Howard Capital Management LP lifted its stake in Merchants Bancorp by 16.7% during the second quarter. Brevan Howard Capital Management LP now owns 6,890 shares of the company’s stock worth $228,000 after purchasing an additional 984 shares during the last quarter. Numerai GP LLC purchased a new stake in Merchants Bancorp during the fourth quarter worth approximately $254,000. Finally, Caxton Associates LLP acquired a new position in Merchants Bancorp in the third quarter valued at approximately $256,000. 24.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Julia L. Kaercher sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $55.20, for a total transaction of $496,800.00. Following the transaction, the director directly owned 727,103 shares in the company, valued at approximately $40,136,085.60. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 44.90% of the company’s stock.

Merchants Bancorp Stock Down 1.1%

Shares of NASDAQ MBIN opened at $54.08 on Tuesday. The stock has a market cap of $2.48 billion, a PE ratio of 10.86 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.32. Merchants Bancorp has a 52-week low of $30.37 and a 52-week high of $56.87. The business has a 50-day moving average price of $51.08 and a 200 day moving average price of $47.43.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.26. The firm had revenue of $182.22 million for the quarter, compared to the consensus estimate of $179.00 million. Merchants Bancorp had a return on equity of 15.29% and a net margin of 19.80%. Equities research analysts forecast that Merchants Bancorp will post 5.58 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.8%. Merchants Bancorp’s dividend payout ratio (DPR) is 8.84%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MBIN shares. Morgan Stanley reiterated a “positive” rating and issued a $49.00 price target (up from $46.00) on shares of Merchants Bancorp in a research note on Monday, June 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Merchants Bancorp in a research report on Friday, July 31st. Raymond James Financial cut shares of Merchants Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Zacks Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $64.00 price target on shares of Merchants Bancorp in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Merchants Bancorp has an average rating of “Buy” and an average price target of $51.50.

Merchants Bancorp Company Profile

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.