XTX Topco Ltd Invests $391,000 in Merchants Bancorp (NASDAQ:MBIN)

XTX Topco Ltd acquired a new stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,734 shares of the company's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MBIN. Kestra Investment Management LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Merchants Bancorp during the 4th quarter valued at about $82,000. Matrix Trust Co increased its stake in shares of Merchants Bancorp by 730.8% during the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company's stock valued at $96,000 after acquiring an additional 2,324 shares during the last quarter. Inceptionr LLC increased its stake in shares of Merchants Bancorp by 13.7% during the 4th quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after acquiring an additional 687 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 24.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MBIN. Raymond James dropped their price objective on shares of Merchants Bancorp from $53.00 to $45.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley decreased their target price on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Piper Sandler boosted their target price on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th.

Insiders Place Their Bets

In other Merchants Bancorp news, insider Scott A. Evans sold 25,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the completion of the transaction, the insider now directly owns 27,606 shares of the company's stock, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is owned by company insiders.

Merchants Bancorp Trading Up 3.6 %

Shares of NASDAQ:MBIN traded up $1.16 during trading on Monday, reaching $33.60. 197,110 shares of the stock were exchanged, compared to its average volume of 191,826. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. Merchants Bancorp has a 12-month low of $30.73 and a 12-month high of $53.27. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 5.32 and a beta of 1.15. The firm's 50-day moving average price is $36.41 and its 200 day moving average price is $38.60.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its 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). 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 fiscal year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's dividend payout ratio is currently 6.34%.

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.