Merchants Bancorp (NASDAQ:MBINN) Stock Price Down 0.1% – What’s Next?
by Scott Moore · The Cerbat GemMerchants Bancorp (NASDAQ:MBINN – Get Free Report)’s stock price fell 0.1% on Thursday . The stock traded as low as $20.89 and last traded at $20.94. 6,339 shares changed hands during trading, a decline of 44% from the average session volume of 11,406 shares. The stock had previously closed at $20.97.
Merchants Bancorp Trading Down 0.1%
The company has a fifty day simple moving average of $20.17 and a two-hundred day simple moving average of $19.79.
Merchants Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, March 13th.
Institutional Trading of Merchants Bancorp
An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC acquired a new position in shares of Merchants Bancorp (NASDAQ:MBINN – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.