Semanteon Capital Management LP Takes $610,000 Position in Merchants Bancorp (NASDAQ:MBIN)

Semanteon Capital Management LP acquired a new stake in Merchants Bancorp (NASDAQ:MBIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,318 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds have also modified their holdings of MBIN. Federated Hermes Inc. grew its holdings in Merchants Bancorp by 42,253.6% during the fourth quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock worth $9,252,000 after acquiring an additional 216,761 shares during the period. Assenagon Asset Management S.A. grew its holdings in Merchants Bancorp by 129.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company’s stock worth $5,402,000 after acquiring an additional 71,632 shares during the period. Sapient Capital LLC acquired a new stake in Merchants Bancorp during the fourth quarter worth about $2,928,000. Knights of Columbus Asset Advisors LLC grew its holdings in Merchants Bancorp by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 109,732 shares of the company’s stock worth $4,672,000 after acquiring an additional 53,333 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Merchants Bancorp by 85.9% during the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company’s stock worth $2,116,000 after acquiring an additional 35,280 shares during the period. 24.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James increased their price target on Merchants Bancorp from $44.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 30th.

Merchants Bancorp Price Performance

MBIN stock traded down $0.30 during mid-day trading on Friday, reaching $39.04. 61,387 shares of the company’s stock were exchanged, compared to its average volume of 119,362. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 6.98 and a beta of 1.18. The stock’s 50 day moving average is $41.31 and its 200 day moving average is $38.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.77. Merchants Bancorp has a 12-month low of $21.50 and a 12-month high of $48.68.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Monday, January 29th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The company had revenue of $346.21 million for the quarter, compared to the consensus estimate of $142.65 million. Merchants Bancorp had a return on equity of 25.38% and a net margin of 23.42%. On average, research analysts expect that Merchants Bancorp will post 5.65 EPS for the current year.

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.08. Merchants Bancorp’s dividend payout ratio (DPR) is 6.38%.

Merchants Bancorp 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.