Merchants Bancorp (MBINM) Projected to Post Quarterly Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINM) is expected to be issuing its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $1.22 per share and revenue of $179.00 million for the quarter.

Merchants Bancorp Trading Up 0.3%

MBINM stock opened at $25.63 on Tuesday. The company has a 50 day simple moving average of $25.46 and a 200 day simple moving average of $25.38. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $25.96.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, June 15th.

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.