Jane Street Group LLC Acquires 9,952 Shares of Merchants Bancorp (NASDAQ:MBIN)

Jane Street Group LLC raised its holdings in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 94.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,513 shares of the company's stock after purchasing 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 reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MBIN. Kestra Investment Management LLC bought a new stake in shares of Merchants Bancorp during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new stake in Merchants Bancorp in the fourth quarter worth about $82,000. Tower Research Capital LLC TRC boosted its position in Merchants Bancorp by 118.9% during 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. Inceptionr LLC grew its holdings in shares of Merchants Bancorp by 13.7% during the 4th quarter. Inceptionr LLC now owns 5,718 shares of the company's stock worth $209,000 after acquiring an additional 687 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $241,000. Hedge funds and other institutional investors own 24.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MBIN shares. Wall Street Zen upgraded Merchants Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler raised their price objective on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Morgan Stanley reduced their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Raymond James reiterated an "outperform" rating and issued a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th.

Merchants Bancorp Stock Down 0.6%

Shares of NASDAQ:MBIN traded down $0.19 on Friday, hitting $32.58. 3,031 shares of the company traded hands, compared to its average volume of 166,990. The stock has a 50 day simple moving average of $33.16 and a 200-day simple moving average of $37.18. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The company has a market cap of $1.49 billion, a PE ratio of 5.16 and a beta of 1.31. Merchants Bancorp has a 52 week low of $27.25 and a 52 week high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.32). The firm had revenue of $287.20 million for the quarter, compared to analysts' expectations of $169.00 million. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, research analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current year.

Merchants Bancorp Announces Dividend

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