Merchants Bancorp (NASDAQ:MBINN – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 15th will be given a dividend of 0.375 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, June 15th.
Merchants Bancorp Price Performance
MBINN opened at $20.57 on Friday. The firm has a 50 day moving average price of $20.25 and a 200 day moving average price of $19.82. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $21.60.
Institutional Trading of Merchants Bancorp
A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC bought a new position in shares of Merchants Bancorp (NASDAQ:MBINN – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 99,359 shares of the company’s stock, valued at approximately $1,825,000.
About Merchants Bancorp
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.
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