Janus Henderson Group PLC Has $1.27 Million Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

Janus Henderson Group PLC trimmed its position in Merchants Bancorp (NASDAQ:MBIN) by 6.2% in the third quarter, Holdings Channel.com reports. The firm owned 28,231 shares of the company’s stock after selling 1,857 shares during the period. Janus Henderson Group PLC’s holdings in Merchants Bancorp were worth $1,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banc Funds Co. LLC grew its stake in shares of Merchants Bancorp by 3.3% during the third quarter. Banc Funds Co. LLC now owns 389,615 shares of the company’s stock worth $17,517,000 after purchasing an additional 12,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Merchants Bancorp by 5.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company’s stock worth $914,000 after purchasing an additional 1,099 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Merchants Bancorp by 48.5% during the third quarter. BNP Paribas Financial Markets now owns 32,156 shares of the company’s stock worth $1,446,000 after purchasing an additional 10,508 shares in the last quarter. FMR LLC lifted its holdings 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 acquiring an additional 2,699 shares in the last quarter. Finally, Siena Capital Partners GP LLC acquired a new position in Merchants Bancorp in the third quarter valued at about $822,000. 24.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MBIN shares. Piper Sandler increased their target price on Merchants Bancorp from $48.00 to $52.50 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Raymond James cut their price objective on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, Morgan Stanley started coverage on Merchants Bancorp in a research note on Monday, September 9th. They issued an “equal weight” rating and a $54.00 price target on the stock.

Merchants Bancorp Stock Up 0.6 %

Shares of MBIN opened at $38.48 on Friday. Merchants Bancorp has a one year low of $35.56 and a one year high of $53.27. The firm has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $42.44. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The company has a market cap of $1.76 billion, a P/E ratio of 6.37 and a beta of 1.13.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Monday, October 28th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. The business had revenue of $355.67 million during the quarter, compared to analyst estimates of $156.13 million. During the same quarter last year, the company posted $1.68 earnings per share. Research analysts forecast that Merchants Bancorp will post 5.74 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, December 13th. Merchants Bancorp’s dividend payout ratio (DPR) is 5.96%.

Insider Activity

In related news, Director Patrick D. O’brien acquired 40,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.