Merchants Bancorp (MBINM) Set to Post Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINM) is anticipated to release its results after the market closes on Thursday, October 22nd. Analysts expect Merchants Bancorp to announce earnings of $1.39 per share and revenue of $182.95 million for the quarter.

Merchants Bancorp Trading Down 0.0%

NASDAQ:MBINM opened at $25.10 on Wednesday. The company has a fifty day moving average of $25.42 and a 200-day moving average of $25.42. Merchants Bancorp has a twelve month low of $24.00 and a twelve month high of $25.96.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.5156 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.06 annualized dividend and a yield of 8.2%.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and related subsidiaries, providing banking and specialized finance services to businesses, real estate borrowers and mortgage originators.

The company operates through banking, mortgage warehousing and multifamily mortgage banking activities. Its banking operations offer deposit products and commercial lending, while its mortgage warehouse business provides revolving lines of credit to mortgage lenders.