Merchants Bancorp (NASDAQ:MBINN) Stock Price Down 1.5% – Time to Sell?

Merchants Bancorp (NASDAQ:MBINN) shares were down 1.5% on Thursday. The stock traded as low as $18.29 and last traded at $18.52. Approximately 10,549 shares were traded during trading, an increase of 7% from the average session volume of 9,858 shares. The stock had previously closed at $18.80.

Merchants Bancorp Trading Down 0.6%

The stock’s 50-day moving average is $19.15 and its two-hundred day moving average is $19.94.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, September 15th.

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company headquartered in Carmel, Indiana. Through Merchants Bank of Indiana and its affiliated businesses, it provides commercial and consumer banking services alongside specialized lending and financial services.

The company’s activities include multifamily and healthcare real estate financing, mortgage warehouse lending, and other commercial lending. Its financial services businesses also support borrowers and property owners with mortgage banking and related financing solutions.

Merchants Bancorp serves customers through banking operations centered in Indiana and provides specialized financing to clients in markets across the United States.