Merchants Bancorp (NASDAQ:MBINN) Short Interest Up 50.9% in December

Merchants Bancorp (NASDAQ:MBINNGet Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 4,743 shares, an increase of 50.9% from the November 30th total of 3,143 shares. Based on an average trading volume of 17,275 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 17,275 shares, the short-interest ratio is presently 0.3 days.

Merchants Bancorp Trading Up 0.5%

MBINN stock traded up $0.10 during trading on Monday, hitting $18.87. The stock had a trading volume of 10,865 shares, compared to its average volume of 10,466. The company’s 50 day moving average price is $19.47 and its two-hundred day moving average price is $20.01. Merchants Bancorp has a 1-year low of $18.27 and a 1-year high of $22.35.

Merchants Bancorp (NASDAQ:MBINNGet Free Report) last issued its quarterly earnings results on Monday, January 31st. The company reported $1.14 EPS for the quarter. The firm had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, December 15th.

About Merchants Bancorp

(Get Free Report)

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.

Further Reading

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