Gold prices steady ahead of Fed decision; weekly weakness noted
In a recent insider transaction, Michael J. Dunlap, President and Chief Operating Officer of Merchants Bancorp (NASDAQ:MBIN), a $1.38 billion financial institution, acquired a significant amount of company stock. According to the latest SEC filing, Dunlap purchased a total of 4,000 shares on April 29, 2025, amid the stock’s 17% decline year-to-date. The shares were bought at prices ranging from $30.56 to $30.80, amounting to a total transaction value of $122,377. InvestingPro analysis shows the stock trading at an attractive P/E ratio of 6.2x, with additional insights available to subscribers.
Following these acquisitions, Dunlap’s direct holdings increased to 199,911 shares. This total includes 50,744 unvested restricted stock units, which are set to vest in stages from 2026 to 2028. The purchases reflect Dunlap’s continued investment in the company, highlighting his confidence in Merchants Bancorp’s future performance. According to InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels, with 12 additional real-time insights available for subscribers.
In other recent news, Merchants Bancorp reported first-quarter 2025 earnings that did not meet analyst expectations. The company announced a net income of $58.2 million, or $0.93 per diluted share, falling short of the consensus estimate of $1.22 per share. This represents a 33% decline from the previous year’s net income of $87.1 million, or $1.80 per diluted share, in the same quarter. Total (EPA:TTEF) revenue for the quarter was $145.9 million, marking a 13% decrease from $168 million year-over-year. Merchants Bancorp attributed these results to market uncertainty, which delayed loan originations and conversions, adversely affecting gain on sale revenue and net interest margin. The allowance for credit losses on loans increased to $83.4 million, a 10% rise from the previous year, mainly due to the multi-family loan portfolio. Additionally, non-performing loans rose to 2.73% of total loans, up from 1.22% in the first quarter of 2024. Despite these challenges, Chairman and CEO Michael F. Petrie expressed confidence in the company’s strategic direction and future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.