Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINNGet Rating) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 7,000 shares, an increase of 7.7% from the February 13th total of 6,500 shares. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is currently 0.6 days.

Insider Transactions at Merchants Bancorp

In other Merchants Bancorp news, Director Patrick D. O’brien bought 3,999 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of $23.25 per share, for a total transaction of $92,976.75. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINN opened at $19.45 on Thursday. Merchants Bancorp has a twelve month low of $17.07 and a twelve month high of $25.25. The company’s fifty day moving average is $22.27 and its 200-day moving average is $21.84.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date 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.

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