Merchants Bancorp (MBINN) Expected to Announce Quarterly Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINN) is expected to announce its resultson Thursday, April 23rd. Analysts expect the company to announce earnings of $1.18 per share and revenue of $174.30 million for the quarter.

Merchants Bancorp Trading Down 1.3%

MBINN stock opened at $19.92 on Wednesday. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $21.60. The stock has a 50-day simple moving average of $20.11 and a 200-day simple moving average of $19.81.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.375 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in Merchants Bancorp (NASDAQ:MBINN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.