Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 15,328 shares, a decrease of 32.1% from the June 30th total of 22,567 shares. Based on an average trading volume of 8,473 shares, the short-interest ratio is presently 1.8 days.

Merchants Bancorp Stock Performance

Shares of MBINN opened at $20.07 on Friday. The company has a 50 day moving average of $20.20 and a two-hundred day moving average of $20.19. Merchants Bancorp has a twelve month low of $18.27 and a twelve month high of $21.60.

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Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.375 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.50 dividend on an annualized basis and a yield of 7.5%.

Institutional Investors Weigh In On Merchants Bancorp

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

About Merchants Bancorp

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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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