Merchants Bancorp (NASDAQ:MBINM) Trading Down 0.3% – What’s Next?

Merchants Bancorp (NASDAQ:MBINM)’s share price was down 0.3% during mid-day trading on Monday . The stock traded as low as $25.56 and last traded at $25.56. Approximately 2,596 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 9,692 shares. The stock had previously closed at $25.63.

Merchants Bancorp Trading Down 0.3%

The firm’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $25.40.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Merchants Bancorp stock. Archer Investment Corp purchased a new position in Merchants Bancorp (NASDAQ:MBINM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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.