Merchants Bancorp (NASDAQ:MBINN) Trading Up 0.1% – Should You Buy?

Merchants Bancorp (NASDAQ:MBINN) was up 0.1% during mid-day trading on Friday . The stock traded as high as $20.09 and last traded at $20.01. Approximately 3,317 shares traded hands during trading, a decline of 66% from the average daily volume of 9,814 shares. The stock had previously closed at $20.00.

Merchants Bancorp Price Performance

The business’s 50 day moving average is $20.03 and its 200-day moving average is $20.19.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 7.5%.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC acquired a new stake in Merchants Bancorp (NASDAQ:MBINN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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.