Merchants Bancorp (NASDAQ:MBINO) Trading Down 0.3% – What’s Next?

Merchants Bancorp (NASDAQ:MBINO)’s stock price was down 0.3% during mid-day trading on Monday . The stock traded as low as $25.13 and last traded at $25.16. Approximately 4,511 shares were traded during trading, a decline of 60% from the average daily volume of 11,198 shares. The stock had previously closed at $25.23.

Merchants Bancorp Trading Down 0.1 %

The company has a 50-day moving average of $25.10 and a 200-day moving average of $24.86.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.375 per share. The ex-dividend date was Friday, September 13th. This represents a $1.50 annualized dividend and a dividend yield of 5.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. acquired a new position in Merchants Bancorp (NASDAQ:MBINO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,800 shares of the company’s stock, valued at approximately $43,000.

About Merchants Bancorp

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.