Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,265 shares, a decrease of 13.8% from the February 12th total of 2,628 shares. Based on an average daily volume of 11,598 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 11,598 shares, the days-to-cover ratio is currently 0.2 days.

Merchants Bancorp Stock Up 0.1%

NASDAQ:MBINM traded up $0.03 on Tuesday, reaching $25.05. 3,808 shares of the stock traded hands, compared to its average volume of 10,168. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96. The company’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $25.08.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.06 annualized dividend and a dividend yield of 8.2%.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp acquired a new stake in Merchants Bancorp (NASDAQ:MBINM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Company Profile

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.