Merchants Bancorp (NASDAQ:MBINN) Trading Down 0.1% – What’s Next?

Merchants Bancorp (NASDAQ:MBINN)’s share price was down 0.1% during mid-day trading on Thursday . The company traded as low as $20.89 and last traded at $20.94. Approximately 6,339 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 11,406 shares. The stock had previously closed at $20.97.

Merchants Bancorp Stock Down 0.2%

The stock has a 50 day moving average of $20.17 and a 200-day moving average of $19.79.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a dividend of $0.375 per share. The ex-dividend date was Friday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 7.2%.

Institutional Investors Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBINN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.