American Century Companies Inc. Has $17.32 Million Holdings in Merchants Bancorp (NASDAQ:MBIN)

American Century Companies Inc. boosted its stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 474,904 shares of the company's stock after buying an additional 48,881 shares during the period. American Century Companies Inc. owned about 1.04% of Merchants Bancorp worth $17,320,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Merchants Bancorp by 214.5% in the third quarter. FMR LLC now owns 3,957 shares of the company's stock valued at $178,000 after purchasing an additional 2,699 shares in the last quarter. BNP Paribas Financial Markets raised its position in Merchants Bancorp by 48.5% during the third quarter. BNP Paribas Financial Markets now owns 32,156 shares of the company's stock valued at $1,446,000 after buying an additional 10,508 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Merchants Bancorp by 5.7% in the 3rd 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 acquiring an additional 1,099 shares in the last quarter. Banc Funds Co. LLC boosted its position in Merchants Bancorp by 3.3% during the 3rd quarter. Banc Funds Co. LLC now owns 389,615 shares of the company's stock worth $17,517,000 after acquiring an additional 12,500 shares during the period. Finally, State Street Corp grew its stake in Merchants Bancorp by 4.7% during the 3rd quarter. State Street Corp now owns 448,525 shares of the company's stock valued at $20,205,000 after acquiring an additional 20,214 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Scott A. Evans sold 25,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the completion of the sale, the insider now owns 27,606 shares in the company, valued at approximately $1,189,818.60. This represents a 47.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 39.70% of the company's stock.

Merchants Bancorp Stock Down 0.7 %

Shares of Merchants Bancorp stock traded down $0.25 during trading on Friday, hitting $33.43. 397,980 shares of the stock traded hands, compared to its average volume of 187,518. The stock has a market cap of $1.53 billion, a P/E ratio of 5.30 and a beta of 1.15. The company has a fifty day moving average price of $39.87 and a two-hundred day moving average price of $40.09. Merchants Bancorp has a twelve month low of $31.50 and a twelve month high of $53.27. 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 - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, beating 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 research analysts predict that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.20%. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date was Friday, March 14th. Merchants Bancorp's dividend payout ratio is presently 6.34%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MBIN. Piper Sandler raised their price target 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 cut their target price on shares of Merchants Bancorp from $53.00 to $45.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th.

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.