Medallion Bank (NASDAQ:MBNKP) Stock Price Up 0.6% – Should You Buy?

Medallion Bank (NASDAQ:MBNKP) shot up 0.6% during trading on Thursday . The stock traded as high as $25.35 and last traded at $25.50. 397 shares changed hands during trading, a decline of 81% from the average session volume of 2,064 shares. The stock had previously closed at $25.35.

Medallion Bank Trading Up 0.6 %

The company has a fifty day moving average price of $25.46 and a 200 day moving average price of $25.38.

Medallion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Medallion Bank

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. raised its position in shares of Medallion Bank (NASDAQ:MBNKP) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,814 shares of the company’s stock after purchasing an additional 895 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent reporting period.

About Medallion Bank

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.