Merchants Bancorp (NASDAQ:MBINM) Short Interest Down 27.3% in January

Merchants Bancorp (NASDAQ:MBINM) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 15,452 shares, a decrease of 27.3% from the January 15th total of 21,256 shares. Based on an average daily volume of 7,737 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 7,737 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp purchased a new position in Merchants Bancorp (NASDAQ:MBINM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Stock Up 0.1%

Shares of MBINM stock traded up $0.03 on Monday, hitting $25.43. 23,289 shares of the stock were exchanged, compared to its average volume of 8,310. The firm’s 50 day moving average is $25.41 and its two-hundred day moving average is $25.04. Merchants Bancorp has a one year low of $24.00 and a one year high of $26.23.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were given a $0.5156 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.06 annualized dividend and a dividend yield of 8.1%.

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.