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

Jane Street Group LLC boosted its stake in Merchants Bancorp (NASDAQ:MBIN) by 94.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,513 shares of the company’s stock after purchasing an additional 9,952 shares during the quarter. Jane Street Group LLC’s holdings in Merchants Bancorp were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in Merchants Bancorp in the 4th quarter worth about $25,000. Bank of Jackson Hole Trust bought a new position in Merchants Bancorp in the 4th quarter worth about $82,000. Tower Research Capital LLC TRC boosted its stake 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 worth $130,000 after purchasing an additional 1,933 shares during the period. Inceptionr LLC boosted its stake in Merchants Bancorp by 13.7% in the 4th quarter. Inceptionr LLC now owns 5,718 shares of the company’s stock worth $209,000 after purchasing an additional 687 shares during the period. Finally, Advisory Services Network LLC bought a new position in Merchants Bancorp in the 4th quarter worth about $241,000. Institutional investors own 24.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MBIN. Morgan Stanley dropped their price target on Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Raymond James reiterated an “outperform” rating and set a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Piper Sandler lifted their price target on Merchants Bancorp from $52.50 to $56.50 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Wall Street Zen upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday.

Merchants Bancorp Stock Performance

Shares of MBIN opened at $31.46 on Monday. The company has a market cap of $1.44 billion, a PE ratio of 4.99 and a beta of 1.31. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The stock has a 50-day moving average price of $33.54 and a 200-day moving average price of $37.29. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. Merchants Bancorp’s dividend payout ratio 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.