Terry A. Oznick Acquires 2,000 Shares of Merchants Bancorp (NASDAQ:MBIN) Stock
Merchants Bancorp (NASDAQ:MBIN – Get Rating) SVP Terry A. Oznick purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the acquisition, the senior vice president now directly owns 2,000 shares in the company, valued at $50,000. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Merchants Bancorp Price Performance
NASDAQ MBIN traded down $0.90 during trading on Friday, hitting $23.50. 102,529 shares of the stock traded hands, compared to its average volume of 65,034. The company has a market capitalization of $1.01 billion, a P/E ratio of 4.64 and a beta of 1.09. The firm has a 50-day simple moving average of $26.42 and a 200-day simple moving average of $25.48. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. Merchants Bancorp has a 12-month low of $21.52 and a 12-month high of $33.57.
Merchants Bancorp (NASDAQ:MBIN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. The business had revenue of $111.20 million during the quarter, compared to analysts’ expectations of $93.33 million. Merchants Bancorp had a return on equity of 26.94% and a net margin of 45.42%. As a group, analysts predict that Merchants Bancorp will post 4.54 EPS for the current year.
Merchants Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, September 14th. Merchants Bancorp’s dividend payout ratio (DPR) is 5.53%.
Wall Street Analysts Forecast Growth
Separately, Raymond James raised their price target on Merchants Bancorp from $33.00 to $37.00 and gave the company a “strong-buy” rating in a report on Monday, August 1st.
Hedge Funds Weigh In On Merchants Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of MBIN. BlackRock Inc. boosted its holdings in shares of Merchants Bancorp by 49.2% in the 1st quarter. BlackRock Inc. now owns 1,787,815 shares of the company’s stock worth $48,949,000 after purchasing an additional 589,154 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Merchants Bancorp by 31.4% in the 1st quarter. Vanguard Group Inc. now owns 788,591 shares of the company’s stock worth $21,592,000 after purchasing an additional 188,466 shares during the period. Dimensional Fund Advisors LP raised its position in Merchants Bancorp by 53.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 388,830 shares of the company’s stock valued at $10,647,000 after purchasing an additional 136,211 shares in the last quarter. State Street Corp raised its position in shares of Merchants Bancorp by 51.9% in the 1st quarter. State Street Corp now owns 349,281 shares of the company’s stock worth $9,587,000 after acquiring an additional 119,299 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Merchants Bancorp by 73.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 260,325 shares of the company’s stock worth $7,128,000 after acquiring an additional 110,125 shares in the last quarter. Hedge funds and other institutional investors own 22.68% of the company’s stock.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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