Merchants Bancorp (NASDAQ:MBINM – Get Free Report) traded down 0.2% during trading on Wednesday . The company traded as low as $24.96 and last traded at $25.00. 8,111 shares were traded during mid-day trading, an increase of 25% from the average session volume of 6,492 shares. The stock had previously closed at $25.05.
Merchants Bancorp Stock Performance
The business’s 50-day simple moving average is $25.23 and its 200-day simple moving average is $25.66.
Merchants Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.5156 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.25%.
Merchants Bancorp Company Profile
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.
Featured Articles
- Five stocks we like better than Merchants Bancorp
- Financial Services Stocks Investing
- Chime’s Smart IPO: Half the Valuation, Double the Strength
- Growth Stocks: What They Are, Examples and How to Invest
- Why Quantum Computing Inc. Is the Quiet Winner in Quantum Stocks
- Stock Sentiment Analysis: How it Works
- 3 Catalysts in 7 Days: Archer’s Growth Story Just Accelerated
Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
