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

Bank of Jackson Hole Trust acquired a new stake in shares of Merchants Bancorp (NASDAQ:MBIN) during the fourth quarter, Holdings Channel reports. The fund acquired 2,257 shares of the company’s stock, valued at approximately $82,000.

A number of other large investors have also recently added to or reduced their stakes in MBIN. Kestra Investment Management LLC bought a new position in Merchants Bancorp during the 4th quarter valued at $25,000. CWM LLC boosted its stake in Merchants Bancorp by 209.4% during the 3rd quarter. CWM LLC now owns 1,284 shares of the company’s stock valued at $58,000 after acquiring an additional 869 shares during the last quarter. Matrix Trust Co boosted its stake in 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. Catalyst Capital Advisors LLC bought a new position in Merchants Bancorp during the 3rd quarter valued at $162,000. Finally, FMR LLC raised its holdings in shares of 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 period. 24.57% of the stock is currently owned by institutional investors.

Merchants Bancorp Stock Down 1.2 %

Shares of NASDAQ:MBIN opened at $42.82 on Thursday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.79 and a beta of 1.15. Merchants Bancorp has a 1-year low of $34.16 and a 1-year high of $53.27. The company’s fifty day moving average is $38.92 and its two-hundred day moving average is $41.17. 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 (NASDAQ:MBIN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. Equities analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Scott A. Evans sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Raymond James reissued an “outperform” rating and set a $53.00 target price (up from $50.00) on shares of Merchants Bancorp in a report on Thursday, January 30th.

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.