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

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

Merchants Bancorp Stock Performance

The company’s 50-day moving average price is $25.43 and its 200 day moving average price is $25.40.

Merchants Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp acquired a new position in Merchants Bancorp (NASDAQ:MBINM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $102,000.

About Merchants Bancorp

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.