American Century Companies Inc. Acquires 49,811 Shares of Merchants Bancorp (NASDAQ:MBIN)

American Century Companies Inc. raised its holdings in shares of Merchants Bancorp (NASDAQ:MBINGet Rating) by 90.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,938 shares of the company’s stock after acquiring an additional 49,811 shares during the period. American Century Companies Inc.’s holdings in Merchants Bancorp were worth $2,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Rhumbline Advisers grew its position in Merchants Bancorp by 2.7% during the fourth quarter. Rhumbline Advisers now owns 17,680 shares of the company’s stock valued at $837,000 after acquiring an additional 461 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Merchants Bancorp by 49.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Merchants Bancorp by 25.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,348 shares of the company’s stock valued at $206,000 after acquiring an additional 884 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Merchants Bancorp by 7.3% in the fourth quarter. First Trust Advisors LP now owns 13,557 shares of the company’s stock worth $642,000 after purchasing an additional 927 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Merchants Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 252,619 shares of the company’s stock worth $11,957,000 after purchasing an additional 3,447 shares during the last quarter. 22.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Vice Chairman Randall D. Rogers sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the insider now owns 100,194 shares of the company’s stock, valued at $2,805,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Raymond James raised their target price on shares of Merchants Bancorp from $33.00 to $37.00 and gave the stock a “strong-buy” rating in a report on Monday, August 1st.

Merchants Bancorp Stock Down 1.1 %

Shares of Merchants Bancorp stock opened at $26.21 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.88 and a current ratio of 1.21. Merchants Bancorp has a 52-week low of $21.52 and a 52-week high of $33.57. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.24 and a beta of 1.09. The company’s 50 day moving average price is $25.38 and its 200-day moving average price is $25.83.

Merchants Bancorp (NASDAQ:MBINGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.21. Merchants Bancorp had a net margin of 45.42% and a return on equity of 26.94%. Equities research analysts forecast that Merchants Bancorp will post 4.54 EPS for the current year.

Merchants Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, September 14th. Merchants Bancorp’s payout ratio is 5.53%.

Merchants Bancorp Profile

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Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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Institutional Ownership by Quarter for Merchants Bancorp (NASDAQ:MBIN)

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