Merchants Bancorp (NASDAQ:MBINM) Sees Large Decrease in Short Interest

Merchants Bancorp (NASDAQ:MBINM) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 15,452 shares, a decrease of 27.3% from the January 15th total of 21,256 shares. Based on an average daily volume of 7,737 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 7,737 shares, the short-interest ratio is presently 2.0 days.

Merchants Bancorp Price Performance

Shares of MBINM opened at $25.43 on Friday. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $26.23. The stock has a 50 day simple moving average of $25.40 and a 200-day simple moving average of $25.04.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were paid a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, December 15th.

Institutional Trading of Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp purchased a new position in shares of Merchants Bancorp (NASDAQ:MBINM) during the 4th quarter, according to the company in its most recent filing with the SEC. 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.