Merchants Bancorp (NASDAQ:MBIN) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 94.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,513 shares of the company's stock after buying an additional 9,952 shares during the period. Jane Street Group LLC's holdings in Merchants Bancorp were worth $748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elser Financial Planning Inc purchased a new stake in Merchants Bancorp during the fourth quarter worth about $994,207,000. PL Capital Advisors LLC increased its stake in shares of Merchants Bancorp by 3,547.0% during the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock worth $250,442,000 after buying an additional 6,678,788 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Merchants Bancorp by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock worth $46,211,000 after buying an additional 132,841 shares during the period. Royce & Associates LP raised its holdings in Merchants Bancorp by 15.5% during the fourth quarter. Royce & Associates LP now owns 566,245 shares of the company's stock worth $20,651,000 after purchasing an additional 76,056 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Merchants Bancorp by 11.5% during the fourth quarter. American Century Companies Inc. now owns 474,904 shares of the company's stock worth $17,320,000 after purchasing an additional 48,881 shares in the last quarter. 24.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Raymond James reissued an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th. Piper Sandler increased their price target on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Wall Street Zen raised Merchants Bancorp from a "sell" rating to a "hold" rating in a report on Saturday.

Merchants Bancorp Price Performance

Shares of MBIN stock traded down $0.51 during mid-day trading on Wednesday, reaching $32.55. The stock had a trading volume of 111,199 shares, compared to its average volume of 179,867. The company has a market cap of $1.49 billion, a P/E ratio of 5.16 and a beta of 1.31. The business has a 50-day simple moving average of $33.27 and a 200 day simple moving average of $37.21. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $53.27. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). The business had revenue of $287.20 million during the quarter, compared to analyst estimates of $169.00 million. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. On average, sell-side analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, June 13th. Merchants Bancorp's dividend payout ratio (DPR) is 7.35%.

Merchants Bancorp 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.