Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,265 shares, a decrease of 13.8% from the February 12th total of 2,628 shares. Based on an average trading volume of 11,598 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 11,598 shares, the short-interest ratio is presently 0.2 days.

Merchants Bancorp Stock Down 0.9%

Shares of MBINM stock opened at $24.91 on Thursday. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96. The company has a 50 day simple moving average of $25.47 and a two-hundred day simple moving average of $25.08.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.5156 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.06 annualized dividend and a yield of 8.3%.

Institutional Investors Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp bought a new position in Merchants Bancorp (NASDAQ:MBINM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.