Boston Partners Has $1.45 Million Holdings in Merchants Bancorp $MBIN

Boston Partners lessened its holdings in shares of Merchants Bancorp (NASDAQ:MBIN) by 87.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 42,921 shares of the company’s stock after selling 294,314 shares during the quarter. Boston Partners’ holdings in Merchants Bancorp were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MBIN. Nuveen LLC acquired a new position in Merchants Bancorp during the first quarter worth approximately $5,275,000. Dimensional Fund Advisors LP grew its position in shares of Merchants Bancorp by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company’s stock valued at $46,211,000 after purchasing an additional 132,841 shares during the last quarter. Royce & Associates LP grew its position in shares of Merchants Bancorp by 21.2% in the first quarter. Royce & Associates LP now owns 686,507 shares of the company’s stock valued at $25,401,000 after purchasing an additional 120,262 shares during the last quarter. Millennium Management LLC grew its position in shares of Merchants Bancorp by 214.1% in the fourth quarter. Millennium Management LLC now owns 126,087 shares of the company’s stock valued at $4,598,000 after purchasing an additional 85,948 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Merchants Bancorp by 254.5% in the fourth quarter. Renaissance Technologies LLC now owns 87,200 shares of the company’s stock valued at $3,180,000 after purchasing an additional 62,600 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MBIN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $41.00 target price (down previously from $42.00) on shares of Merchants Bancorp in a research report on Wednesday, July 30th. Wall Street Zen downgraded Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Morgan Stanley decreased their target price on Merchants Bancorp from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 target price (down previously from $41.00) on shares of Merchants Bancorp in a research report on Tuesday, July 29th.

Merchants Bancorp Trading Down 3.1%

Shares of NASDAQ:MBIN opened at $31.98 on Monday. The company has a market capitalization of $1.47 billion, a P/E ratio of 7.03 and a beta of 1.30. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $47.94. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.20 and a quick ratio of 0.88. The business’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $34.92.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.52). The company had revenue of $179.20 million for the quarter, compared to analyst estimates of $161.10 million. Merchants Bancorp had a return on equity of 16.06% and a net margin of 18.06%. On average, research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

About Merchants Bancorp

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.