American Century Companies Inc. Has $5.23 Million Stock Holdings in Merchants Bancorp (NASDAQ:MBIN)

American Century Companies Inc. increased its position in Merchants Bancorp (NASDAQ:MBIN) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,603 shares of the company’s stock after buying an additional 18,693 shares during the period. American Century Companies Inc. owned 0.44% of Merchants Bancorp worth $5,228,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Merchants Bancorp by 43.4% in the 1st quarter. FMR LLC now owns 1,507 shares of the company’s stock valued at $39,000 after buying an additional 456 shares during the period. Tower Research Capital LLC TRC boosted its stake in Merchants Bancorp by 1,150.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,140 shares of the company’s stock valued at $115,000 after purchasing an additional 3,809 shares during the last quarter. Advisory Services Network LLC boosted its stake in Merchants Bancorp by 9.6% during the 1st quarter. Advisory Services Network LLC now owns 4,847 shares of the company’s stock valued at $126,000 after purchasing an additional 425 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Merchants Bancorp during the 2nd quarter valued at about $136,000. Finally, Legal & General Group Plc boosted its stake in Merchants Bancorp by 6.0% during the 4th quarter. Legal & General Group Plc now owns 6,052 shares of the company’s stock valued at $147,000 after purchasing an additional 345 shares during the last quarter. 24.57% of the stock is currently owned by institutional investors and hedge funds.

Merchants Bancorp Price Performance

Merchants Bancorp stock opened at $42.10 on Thursday. Merchants Bancorp has a 52 week low of $21.50 and a 52 week high of $48.68. The company’s 50 day moving average price is $41.95 and its two-hundred day moving average price is $36.35. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.82 billion, a P/E ratio of 7.46 and a beta of 1.18.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Monday, January 29th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.44 by $0.14. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%. The firm had revenue of $346.21 million for the quarter, compared to analysts’ expectations of $142.65 million. On average, equities analysts predict that Merchants Bancorp will post 5.65 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, March 14th. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. Merchants Bancorp’s payout ratio is 6.38%.

Analyst Upgrades and Downgrades

Separately, Raymond James lifted their price target on Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 30th.

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.