Jackson Creek Investment Advisors LLC Acquires New Holdings in Merchants Bancorp (NASDAQ:MBIN)

Jackson Creek Investment Advisors LLC acquired a new stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,507 shares of the company's stock, valued at approximately $1,388,000. Jackson Creek Investment Advisors LLC owned 0.08% of Merchants Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MBIN. Signaturefd LLC raised its holdings in Merchants Bancorp by 182.2% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company's stock valued at $27,000 after buying an additional 472 shares during the period. CWM LLC grew its position in Merchants Bancorp by 168.9% in the 1st quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after acquiring an additional 853 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Merchants Bancorp in the 4th quarter valued at about $79,000. Tower Research Capital LLC TRC grew its position in Merchants Bancorp by 118.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock valued at $130,000 after acquiring an additional 1,933 shares in the last quarter. Finally, Matrix Trust Co grew its position in Merchants Bancorp by 45.0% in the 1st quarter. Matrix Trust Co now owns 3,830 shares of the company's stock valued at $142,000 after acquiring an additional 1,188 shares in the last quarter. 24.57% of the stock is currently owned by hedge funds and other institutional investors.

Merchants Bancorp Stock Performance

Shares of MBIN stock traded down $0.06 during trading hours on Friday, hitting $35.10. The stock had a trading volume of 10,292 shares, compared to its average volume of 172,511. The firm has a market capitalization of $1.61 billion, a PE ratio of 6.45 and a beta of 1.28. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27. The stock's 50 day moving average is $33.01 and its 200 day moving average is $35.75. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.20 and a quick ratio of 0.88.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.32). Merchants Bancorp had a return on equity of 19.09% and a net margin of 20.73%. The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $169.00 million. As a group, research analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, June 13th. Merchants Bancorp's dividend payout ratio is presently 7.35%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Wall Street Zen downgraded Merchants Bancorp from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.

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