Merchants Bancorp (NASDAQ:MBINN – Get Free Report)’s stock price dropped 0.6% during trading on Tuesday . The stock traded as low as $21.04 and last traded at $21.11. Approximately 12,377 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 9,271 shares. The stock had previously closed at $21.23.
Merchants Bancorp Stock Down 0.6%
The firm has a 50 day moving average price of $20.58 and a 200 day moving average price of $20.09.
Merchants Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, September 15th.
Merchants Bancorp Company Profile
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.
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