Valeo Financial Advisors LLC Acquires 930 Shares of Merchants Bancorp (NASDAQ:MBIN)

Valeo Financial Advisors LLC boosted its position in shares of Merchants Bancorp (NASDAQ:MBIN) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,683 shares of the company’s stock after buying an additional 930 shares during the period. Valeo Financial Advisors LLC owned 0.16% of Merchants Bancorp worth $1,004,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MBIN. Metropolitan Life Insurance Co. NY lifted its stake in Merchants Bancorp by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after purchasing an additional 4,365 shares in the last quarter. Bank of America Corp DE increased its position in shares of Merchants Bancorp by 94.3% during the fourth quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock worth $205,000 after acquiring an additional 4,972 shares during the period. MetLife Investment Advisors LLC purchased a new position in Merchants Bancorp in the third quarter valued at $312,000. SG Americas Securities LLC purchased a new position in Merchants Bancorp in the third quarter valued at $405,000. Finally, Renaissance Technologies LLC purchased a new position in Merchants Bancorp in the third quarter valued at $408,000. Institutional investors own 22.22% of the company’s stock.

Shares of MBIN traded up $0.55 during mid-day trading on Friday, hitting $22.91. 36,032 shares of the company’s stock were exchanged, compared to its average volume of 28,500. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 1.05. The company has a market capitalization of $657.61 million, a price-to-earnings ratio of 11.07 and a beta of 0.95. Merchants Bancorp has a fifty-two week low of $18.85 and a fifty-two week high of $29.15.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). The firm had revenue of $27.80 million during the quarter, compared to analyst estimates of $35.95 million. Merchants Bancorp had a net margin of 30.23% and a return on equity of 15.97%. Equities research analysts forecast that Merchants Bancorp will post 2.25 EPS for the current year.

Several equities analysts recently commented on the company. Zacks Investment Research raised Merchants Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th.

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About Merchants Bancorp

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.

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

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