Metropolitan Life Insurance Co. NY Boosts Stake in Merchants Bancorp (MBIN)

Metropolitan Life Insurance Co. NY increased its holdings in Merchants Bancorp (NASDAQ:MBIN) by 356.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,589 shares of the company’s stock after buying an additional 4,365 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Merchants Bancorp were worth $112,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MBIN. Bank of America Corp DE grew its position in Merchants Bancorp by 94.3% during the fourth quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock valued at $205,000 after purchasing an additional 4,972 shares in the last quarter. Basswood Capital Management L.L.C. grew its position in Merchants Bancorp by 21.9% during the fourth quarter. Basswood Capital Management L.L.C. now owns 214,110 shares of the company’s stock valued at $4,274,000 after purchasing an additional 38,517 shares in the last quarter. Geode Capital Management LLC grew its position in Merchants Bancorp by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 184,428 shares of the company’s stock valued at $3,681,000 after purchasing an additional 20,696 shares in the last quarter. Stifel Financial Corp grew its position in Merchants Bancorp by 5.5% during the fourth quarter. Stifel Financial Corp now owns 116,000 shares of the company’s stock valued at $2,316,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in Merchants Bancorp during the fourth quarter valued at approximately $435,000. 22.25% of the stock is owned by institutional investors and hedge funds.

MBIN stock opened at $23.78 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $682.58 million, a price-to-earnings ratio of 11.49 and a beta of 0.88. Merchants Bancorp has a 12 month low of $18.85 and a 12 month high of $29.15.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Wednesday, January 30th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The business had revenue of $38.91 million during the quarter, compared to the consensus estimate of $36.05 million. Merchants Bancorp had a return on equity of 17.53% and a net margin of 33.07%. On average, equities research analysts predict that Merchants Bancorp will post 2.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.18%. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s payout ratio is currently 13.53%.

A number of research analysts recently commented on MBIN shares. ValuEngine raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, January 4th.

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Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

See Also: Mutual Funds

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Institutional Ownership by Quarter for Merchants Bancorp (NASDAQ:MBIN)

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