Merchants Bancorp (NASDAQ:MBINM – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,298 shares, a decline of 51.0% from the August 31st total of 14,886 shares. Based on an average daily volume of 6,169 shares, the short-interest ratio is currently 1.2 days.
Merchants Bancorp Price Performance
MBINM stock traded up $0.24 during mid-day trading on Wednesday, reaching $25.67. 28,717 shares of the stock traded hands, compared to its average volume of 9,356. Merchants Bancorp has a 52-week low of $24.00 and a 52-week high of $25.96. The stock’s fifty day moving average is $25.55 and its 200-day moving average is $25.40.
Merchants Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5156 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.0%.
About Merchants Bancorp
Merchants Bancorp is a diversified financial services holding company headquartered in Carmel, Indiana. Through its banking and specialty finance subsidiaries, the company provides mortgage banking, multifamily and healthcare real estate financing, and other commercial banking services to businesses, real estate developers, healthcare operators and consumers.
Its mortgage banking operations originate, finance, sell and service residential mortgage loans, including government-sponsored and government-insured products.
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