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

Merchants Bancorp (NASDAQ:MBINN – Get 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

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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.