Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 9,440 shares, a decline of 23.9% from the January 29th total of 12,397 shares. Based on an average trading volume of 20,813 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 20,813 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBINN) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp Stock Performance

Shares of MBINN stock traded up $0.38 on Monday, hitting $20.51. The stock had a trading volume of 8,306 shares, compared to its average volume of 15,520. Merchants Bancorp has a 12-month low of $18.27 and a 12-month high of $22.30. The business has a 50 day moving average of $19.63 and a 200 day moving average of $19.97.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, March 13th.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.