Merchants Bancorp (NASDAQ:MBINM) Trading Down 0.2% – Should You Sell?

Merchants Bancorp (NASDAQ:MBINMGet 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

(Get Free Report)

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.

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