Insider Buying: Merchants Bancorp (NASDAQ:MBINN) Director Purchases $92,976.75 in Stock

Merchants Bancorp (NASDAQ:MBINNGet Rating) Director Patrick D. O’brien bought 3,999 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were bought at an average cost of $23.25 per share, for a total transaction of $92,976.75. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Merchants Bancorp Stock Down 4.9 %

Shares of Merchants Bancorp stock opened at $20.92 on Monday. The stock’s fifty day moving average is $22.34 and its 200-day moving average is $21.92. Merchants Bancorp has a 12-month low of $19.15 and a 12-month high of $25.25.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Tuesday, March 14th.

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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