Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 13,709 shares, an increase of 45.2% from the February 12th total of 9,440 shares. Based on an average daily volume of 21,564 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 21,564 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC acquired a new stake in shares of Merchants Bancorp (NASDAQ:MBINN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp Stock Down 1.1%

Shares of MBINN stock opened at $20.06 on Friday. Merchants Bancorp has a 1-year low of $18.27 and a 1-year high of $22.04. The stock has a 50 day simple moving average of $20.00 and a 200-day simple moving average of $19.98.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, March 13th.

About Merchants Bancorp

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.