Medallion Bank (NASDAQ:MBNKP) Shares Up 0% – Here’s Why

Medallion Bank (NASDAQ:MBNKP) was up 0% during mid-day trading on Thursday . The company traded as high as $24.99 and last traded at $24.99. Approximately 5,178 shares traded hands during trading, an increase of 38% from the average daily volume of 3,743 shares. The stock had previously closed at $24.98.

Medallion Bank Stock Performance

The firm’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $25.43.

Medallion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.6798 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend is Monday, June 16th.

Hedge Funds Weigh In On Medallion Bank

A hedge fund recently raised its stake in Medallion Bank stock. Uniplan Investment Counsel Inc. raised its stake in Medallion Bank (NASDAQ:MBNKP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,814 shares of the company’s stock after purchasing an additional 895 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent reporting period.

About Medallion Bank

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.