Merchants Bancorp (NASDAQ:MBINN – Get Free Report) is expected to be posting its results after the market closes on Thursday, October 22nd. Analysts expect the company to post earnings of $1.39 per share and revenue of $182.95 million for the quarter.
Merchants Bancorp Stock Performance
NASDAQ MBINN opened at $18.94 on Tuesday. Merchants Bancorp has a one year low of $18.27 and a one year high of $21.23. The company’s 50 day moving average price is $19.57 and its 200 day moving average price is $20.02.
Merchants Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a yield of 7.9%. The ex-dividend date was Tuesday, September 15th.
About Merchants Bancorp
Merchants Bancorp is a diversified financial services company headquartered in Carmel, Indiana. Through its primary banking subsidiary, Merchants Bank of Indiana, the company provides commercial banking, mortgage banking and specialized financing solutions to businesses, real estate developers, healthcare providers and other institutional clients.
The company’s mortgage banking operations focus on multifamily and healthcare facilities, including financing for affordable housing and senior living properties.
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