Endeavour Capital Advisors Inc. bought a new position in Merchants Bancorp (NASDAQ:MBIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 246,220 shares of the company’s stock, valued at approximately $4,846,000. Merchants Bancorp accounts for 2.0% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 20th largest holding. Endeavour Capital Advisors Inc. owned approximately 0.86% of Merchants Bancorp as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Two Sigma Investments LP purchased a new position in Merchants Bancorp in the fourth quarter valued at about $1,653,000. Two Sigma Advisers LP purchased a new position in Merchants Bancorp in the fourth quarter valued at about $630,000. Goldman Sachs Group Inc. purchased a new position in Merchants Bancorp in the fourth quarter valued at about $448,000. Deutsche Bank AG purchased a new position in Merchants Bancorp in the fourth quarter valued at about $318,000. Finally, Basswood Capital Management L.L.C. purchased a new position in Merchants Bancorp in the fourth quarter valued at about $33,907,000. 21.09% of the stock is owned by hedge funds and other institutional investors.
Merchants Bancorp (NASDAQ MBIN) opened at $22.49 on Monday. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $22.95. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.05.
A number of brokerages recently commented on MBIN. Zacks Investment Research raised Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Wednesday, January 24th. SunTrust Banks reissued a “buy” rating and issued a $23.00 price target on shares of Merchants Bancorp in a report on Tuesday, January 9th. Stephens began coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target for the company. Raymond James Financial began coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Sandler O’Neill began coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Merchants Bancorp has a consensus rating of “Buy” and an average price target of $22.00.
TRADEMARK VIOLATION WARNING: “Endeavour Capital Advisors Inc. Buys New Stake in Merchants Bancorp (MBIN)” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/12/endeavour-capital-advisors-inc-buys-new-stake-in-merchants-bancorp-mbin.html.
Merchants Bancorp Company Profile
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.