Banc Funds Co. LLC Reduces Stake in Merchants Bancorp

Institutional investor trims position in regional bank by 11.7% in Q3

Mar. 15, 2026 at 8:22am

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Banc Funds Co. LLC, an institutional investor, reduced its stake in Merchants Bancorp (NASDAQ:MBIN) by 11.7% during the third quarter, according to a recent SEC filing. The firm now owns approximately 340,690 shares of the company's stock, making it Merchants Bancorp's 13th largest shareholder.

Why it matters

Institutional investors like Banc Funds Co. LLC closely monitor and adjust their positions in publicly traded companies. Changes in ownership stakes can provide insights into an institution's view of a company's prospects and performance.

The details

In its Q3 13F filing, Banc Funds Co. LLC reported selling 45,100 shares of Merchants Bancorp, reducing its total position to 340,690 shares. This represents around 0.74% of the company's outstanding stock. Merchants Bancorp is a regional bank headquartered in Buffalo, New York, offering commercial and consumer banking services.

  • Banc Funds Co. LLC trimmed its Merchants Bancorp stake during the third quarter of 2026.

The players

Banc Funds Co. LLC

An institutional investor that owns a stake in Merchants Bancorp.

Merchants Bancorp

A regional bank headquartered in Buffalo, New York that provides commercial and consumer banking services.

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The takeaway

The reduction in Banc Funds Co. LLC's position in Merchants Bancorp may signal the institutional investor's view on the bank's performance or outlook, though further analysis would be needed to determine the specific reasons behind the portfolio adjustment.