Short Interest in Merchants Bancorp (NASDAQ:MBINM) Declines By 83.0%

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,628 shares, a decline of 83.0% from the January 29th total of 15,452 shares. Based on an average daily trading volume, of 10,496 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 10,496 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp bought a new position in shares of Merchants Bancorp (NASDAQ:MBINM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Trading Down 0.4%

NASDAQ:MBINM traded down $0.09 during trading hours on Wednesday, reaching $25.47. 12,904 shares of the stock were exchanged, compared to its average volume of 9,273. The firm has a 50 day simple moving average of $25.48 and a 200-day simple moving average of $25.06. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $26.13.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, March 13th.

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.