Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 22,600 shares, a decline of 45.4% from the September 30th total of 41,400 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 2.6 days. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 2.6 days.

Merchants Bancorp Stock Performance

Shares of NASDAQ:MBINN opened at $20.02 on Friday. Merchants Bancorp has a 1 year low of $18.31 and a 1 year high of $23.60. The business has a 50 day simple moving average of $20.68 and a two-hundred day simple moving average of $20.15.

Merchants Bancorp (NASDAQ:MBINN) last announced its earnings results on Monday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter. The business had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, September 15th.

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.