Merchants Bancorp (MBINN) Projected to Post Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINNGet Free Report) will likely be releasing its resultson Tuesday, July 28th. Analysts expect Merchants Bancorp to post earnings of $1.22 per share and revenue of $179.00 million for the quarter.

Merchants Bancorp Stock Up 0.1%

NASDAQ MBINN opened at $20.21 on Tuesday. Merchants Bancorp has a 1-year low of $18.27 and a 1-year high of $21.60. The business’s 50-day simple moving average is $20.33 and its 200-day simple moving average is $20.12.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.375 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.50 annualized dividend and a yield of 7.4%.

Institutional Investors Weigh In On Merchants Bancorp

A hedge fund recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC acquired a new position in Merchants Bancorp (NASDAQ:MBINNFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 99,359 shares of the company’s stock, valued at approximately $1,825,000.

About Merchants Bancorp

(Get Free Report)

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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