Merchants Bancorp (NASDAQ:MBINO) Trading Up 0.3%

Shares of Merchants Bancorp (NASDAQ:MBINO) shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $25.20 and last traded at $25.20. 12,766 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 11,380 shares. The stock had previously closed at $25.12.

Merchants Bancorp Price Performance

The firm has a fifty day moving average of $24.94 and a 200 day moving average of $24.72.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Friday, September 13th.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. acquired a new stake in Merchants Bancorp (NASDAQ:MBINO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the company’s stock, valued at approximately $43,000.

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.