Merchants Bancorp (NASDAQ:MBINM) Shares Up 0.2% – What’s Next?

Merchants Bancorp (NASDAQ:MBINM – Get Free Report)’s share price rose 0.2% during trading on Friday . The company traded as high as $25.76 and last traded at $25.7590. 2,439 shares were traded during mid-day trading, a decline of 74% from the average session volume of 9,329 shares. The stock had previously closed at $25.72.

Merchants Bancorp Price Performance

The company has a 50-day moving average price of $25.56 and a two-hundred day moving average price of $25.42.

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Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.5156 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.06 annualized dividend and a yield of 8.0%.

Merchants Bancorp Company Profile

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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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