Merchants Bancorp (NASDAQ:MBIN) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in Merchants Bancorp (NASDAQ:MBIN) by 441.6% in the first quarter, Holdings Channel reports. The firm owned 106,717 shares of the company’s stock after acquiring an additional 87,012 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Merchants Bancorp were worth $4,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MBIN. Federated Hermes Inc. boosted its position in shares of Merchants Bancorp by 42,253.6% in the 4th quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock valued at $9,252,000 after purchasing an additional 216,761 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Merchants Bancorp by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 795,381 shares of the company’s stock valued at $33,869,000 after purchasing an additional 102,051 shares during the period. Sapient Capital LLC acquired a new stake in shares of Merchants Bancorp in the 4th quarter valued at about $3,414,000. Quadrature Capital Ltd purchased a new stake in Merchants Bancorp during the 4th quarter valued at approximately $2,658,000. Finally, Elizabeth Park Capital Advisors Ltd. purchased a new stake in Merchants Bancorp during the 4th quarter valued at approximately $2,289,000. 24.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on MBIN. Raymond James downgraded Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $58.00 in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $56.00 price objective (down from $58.50) on shares of Merchants Bancorp in a research note on Friday, May 17th.

Merchants Bancorp Stock Performance

Shares of MBIN stock traded up $0.74 during trading hours on Wednesday, reaching $45.00. 205,424 shares of the company’s stock were exchanged, compared to its average volume of 179,915. The company has a market cap of $1.95 billion, a P/E ratio of 6.95 and a beta of 1.12. The company’s 50 day moving average is $42.51 and its two-hundred day moving average is $42.09. Merchants Bancorp has a 1 year low of $25.78 and a 1 year high of $53.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.06 and a quick ratio of 0.81.

Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Monday, July 29th. The company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08). The business had revenue of $359.62 million for the quarter, compared to analysts’ expectations of $160.70 million. Merchants Bancorp had a return on equity of 26.78% and a net margin of 23.14%. During the same period last year, the company posted $1.31 earnings per share. Equities research analysts anticipate that Merchants Bancorp will post 6.38 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, June 14th. Merchants Bancorp’s payout ratio is currently 5.65%.

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.