Jackson Creek Investment Advisors LLC Buys New Position in Merchants Bancorp (NASDAQ:MBIN)

Jackson Creek Investment Advisors LLC bought a new position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in MBIN. Signaturefd LLC grew its position in shares of Merchants Bancorp by 182.2% in the first quarter. Signaturefd LLC now owns 731 shares of the company's stock valued at $27,000 after purchasing an additional 472 shares during the last quarter. CWM LLC grew its position in shares of Merchants Bancorp by 168.9% in the first quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after purchasing an additional 853 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Merchants Bancorp during the fourth quarter worth approximately $79,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 1,933 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of 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 purchasing an additional 1,188 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company's stock.

Analysts Set New Price Targets

MBIN has been the subject of several research analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $41.00 target price (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Merchants Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, June 27th.

Merchants Bancorp Stock Down 0.6%

MBIN stock traded down $0.22 during mid-day trading on Monday, hitting $34.61. 107,398 shares of the company were exchanged, compared to its average volume of 177,495. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 1.20. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $53.27. The firm has a market cap of $1.59 billion, a P/E ratio of 6.36 and a beta of 1.28. The firm's 50 day simple moving average is $33.12 and its 200 day simple moving average is $35.72.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). The company had revenue of $287.20 million for the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a return on equity of 19.09% and a net margin of 20.73%. On average, sell-side analysts predict that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, June 13th. Merchants Bancorp's dividend payout ratio (DPR) is 7.35%.

About Merchants Bancorp

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.