Merchants Bancorp Declares Quarterly Dividend of $0.52 (NASDAQ:MBINM)

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.5156 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

Merchants Bancorp Stock Performance

NASDAQ MBINM opened at $25.55 on Friday. The company has a fifty day moving average of $25.43 and a two-hundred day moving average of $25.41. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $25.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp acquired a new stake in Merchants Bancorp (NASDAQ:MBINM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the company’s stock, valued at approximately $102,000.

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.