Merchants Bancorp (NASDAQ:MBINN) Shares Up 1%

Merchants Bancorp (NASDAQ:MBINN) shares rose 1% during mid-day trading on Wednesday . The stock traded as high as $19.51 and last traded at $19.51. Approximately 18,417 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 8,604 shares. The stock had previously closed at $19.31.

Merchants Bancorp Trading Up 1.7 %

The company has a fifty day moving average of $21.00 and a two-hundred day moving average of $19.78.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.66%. The ex-dividend date was Thursday, March 14th.

About Merchants Bancorp

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.