Sapient Capital LLC Sells 3,110 Shares of Merchants Bancorp (NASDAQ:MBIN)

Sapient Capital LLC decreased its position in Merchants Bancorp (NASDAQ:MBIN) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,103 shares of the company’s stock after selling 3,110 shares during the quarter. Sapient Capital LLC’s holdings in Merchants Bancorp were worth $2,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its holdings in Merchants Bancorp by 209.4% during the third quarter. CWM LLC now owns 1,284 shares of the company’s stock worth $58,000 after purchasing an additional 869 shares during the last quarter. Matrix Trust Co boosted its stake in shares of Merchants Bancorp by 730.8% in the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company’s stock worth $96,000 after buying an additional 2,324 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Merchants Bancorp in the third quarter valued at approximately $162,000. FMR LLC increased its position in shares of Merchants Bancorp by 214.5% during the third quarter. FMR LLC now owns 3,957 shares of the company’s stock valued at $178,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in Merchants Bancorp during the third quarter worth $202,000. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Price Performance

Shares of NASDAQ MBIN opened at $42.19 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The stock has a fifty day simple moving average of $38.38 and a two-hundred day simple moving average of $41.36. Merchants Bancorp has a 1-year low of $34.16 and a 1-year high of $53.27. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 6.69 and a beta of 1.15.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. Analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, December 13th. Merchants Bancorp’s payout ratio is currently 5.71%.

Insider Buying and Selling

In other news, insider Scott A. Evans sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the sale, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. This represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Patrick D. O’brien acquired 40,000 shares of Merchants Bancorp stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 39.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James restated an “outperform” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th. Piper Sandler increased their price target on shares of Merchants Bancorp from $52.50 to $56.50 and gave the company an “overweight” rating in a research report on Thursday, January 30th.

Merchants Bancorp Company Profile

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.