Merchants Bancorp (NASDAQ:MBINO) Short Interest Update

Merchants Bancorp (NASDAQ:MBINO) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 1,660.0% from the March 31st total of 500 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. bought a new position in shares of Merchants Bancorp (NASDAQ:MBINO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,800 shares of the company’s stock, valued at approximately $43,000.

Merchants Bancorp Stock Performance

NASDAQ:MBINO traded down $0.09 during mid-day trading on Thursday, reaching $24.52. The stock had a trading volume of 7,736 shares, compared to its average volume of 13,119. The stock has a 50-day simple moving average of $24.48 and a two-hundred day simple moving average of $23.34. Merchants Bancorp has a 12 month low of $15.86 and a 12 month high of $25.18.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.12%.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.