Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINNGet Rating) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 3,900 shares, a decline of 17.0% from the June 30th total of 4,700 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 0.5 days.

Merchants Bancorp Stock Performance

NASDAQ:MBINN opened at $24.24 on Friday. Merchants Bancorp has a one year low of $22.32 and a one year high of $27.49. The business’s 50-day simple moving average is $23.48.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.19%. The ex-dividend date was Tuesday, June 14th.

Insider Activity

In related news, CEO Michael R. Dury bought 4,500 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were purchased at an average price of $23.26 per share, with a total value of $104,670.00. Following the purchase, the chief executive officer now owns 93,260 shares of the company’s stock, valued at approximately $2,169,227.60. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Merchants Bancorp Company Profile

(Get Rating)

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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