Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 54,056 shares, an increase of 183.0% from the March 15th total of 19,103 shares. Based on an average daily volume of 25,623 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp purchased a new stake in Merchants Bancorp (NASDAQ:MBINM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Stock Performance

Shares of MBINM traded down $0.01 on Friday, reaching $25.11. 8,703 shares of the stock traded hands, compared to its average volume of 12,963. The stock’s 50-day moving average price is $25.30 and its 200-day moving average price is $25.06. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Friday, March 13th.

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.