Merchants Bancorp (NASDAQ:MBINM – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,087 shares, a decline of 46.5% from the May 31st total of 7,642 shares. Based on an average trading volume of 8,670 shares, the short-interest ratio is currently 0.5 days.
Merchants Bancorp Price Performance
NASDAQ MBINM traded up $0.25 on Wednesday, reaching $25.35. The company had a trading volume of 4,510 shares, compared to its average volume of 11,052. The company’s fifty day moving average is $25.47 and its 200-day moving average is $25.38. Merchants Bancorp has a 1-year low of $24.00 and a 1-year high of $25.96.
Merchants Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.
Institutional Inflows and Outflows
Merchants Bancorp Company Profile
Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.
On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.
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