2,257 Shares in Merchants Bancorp (NASDAQ:MBIN) Acquired by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in shares of Merchants Bancorp (NASDAQ:MBIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,257 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MBIN. Kestra Investment Management LLC acquired a new position in Merchants Bancorp during the fourth quarter worth approximately $25,000. CWM LLC increased its position in Merchants Bancorp by 209.4% during the third quarter. CWM LLC now owns 1,284 shares of the company’s stock worth $58,000 after purchasing an additional 869 shares during the last quarter. Matrix Trust Co increased its position in Merchants Bancorp by 730.8% during the fourth quarter. Matrix Trust Co now owns 2,642 shares of the company’s stock worth $96,000 after purchasing an additional 2,324 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Merchants Bancorp during the third quarter worth approximately $162,000. Finally, FMR LLC increased its position in Merchants Bancorp by 214.5% during the third quarter. FMR LLC now owns 3,957 shares of the company’s stock worth $178,000 after purchasing an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Analyst Ratings Changes

MBIN has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Raymond James reissued an “outperform” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Merchants Bancorp in a research report on Thursday, January 30th.

Merchants Bancorp Price Performance

Merchants Bancorp stock opened at $42.82 on Thursday. Merchants Bancorp has a 52-week low of $34.16 and a 52-week high of $53.27. The firm has a fifty day moving average of $38.92 and a 200-day moving average of $41.17. The firm has a market capitalization of $1.96 billion, a P/E ratio of 6.79 and a beta of 1.15. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40.

Merchants Bancorp (NASDAQ:MBIN) last announced its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, analysts predict that Merchants Bancorp will post 5.54 EPS for the current year.

Insider Activity

In other news, insider Scott A. Evans sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total value of $1,077,500.00. Following the completion of the transaction, the insider now directly owns 27,606 shares in the company, valued at approximately $1,189,818.60. This represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.70% of the company’s stock.

Merchants Bancorp Company 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.