Merchants Bancorp Depositary Shares Rep 1/40 Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM)

• Sector: Financials
• Industry: State Commercial Banks

About: Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.

Employees: 618

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 2 [Q1] → 2 (+0) [Q2]

0.06% less ownership

Funds ownership: 1.9% [Q1] → 1.85% (-0.06%) [Q2]

4% less capital invested

Capital invested by funds: $2.76M [Q1] → $2.65M (-$114K) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1