Merchants Bancorp (MBIN) To Go Ex-Dividend on March 13th

Merchants Bancorp (NASDAQ:MBIN) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.11 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 13th. This is a 10.0% increase from Merchants Bancorp’s previous quarterly dividend of $0.10.

Merchants Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Merchants Bancorp has a payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Merchants Bancorp to earn $5.95 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.7%.

Merchants Bancorp Trading Up 0.6%

Shares of MBIN stock opened at $45.33 on Friday. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $48.50. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 11.99 and a beta of 1.27. The stock has a 50-day moving average of $38.25 and a 200-day moving average of $34.34.

Merchants Bancorp (NASDAQ:MBIN) last announced its earnings results on Wednesday, January 28th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.94 by $0.34. The business had revenue of $168.05 million for the quarter, compared to analysts’ expectations of $170.80 million. Merchants Bancorp had a return on equity of 13.35% and a net margin of 16.02%. On average, equities research analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current year.

Insider Buying and Selling at Merchants Bancorp

In other news, insider Martin A. Schroeter sold 5,500 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.06, for a total transaction of $253,330.00. Following the transaction, the insider owned 10,881 shares of the company’s stock, valued at $501,178.86. This represents a 33.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 34.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Merchants Bancorp in the fourth quarter valued at approximately $34,000. State of Alaska Department of Revenue bought a new position in shares of Merchants Bancorp in the 3rd quarter worth $57,000. Tower Research Capital LLC TRC lifted its holdings in shares of Merchants Bancorp by 110.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,201 shares of the company’s stock worth $73,000 after purchasing an additional 1,153 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Merchants Bancorp by 44.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,649 shares of the company’s stock valued at $88,000 after purchasing an additional 817 shares during the period. Finally, CWM LLC grew its position in Merchants Bancorp by 121.6% in the 2nd quarter. CWM LLC now owns 3,010 shares of the company’s stock valued at $100,000 after purchasing an additional 1,652 shares during the period. 24.57% of the stock is owned by institutional investors and hedge funds.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.