Merchants Bancorp (NASDAQ:MBINN) Stock Price Down 0.1% – What’s Next?

Merchants Bancorp (NASDAQ:MBINN) was down 0.1% on Thursday . The company traded as low as $18.85 and last traded at $18.90. Approximately 37,341 shares changed hands during mid-day trading, an increase of 279% from the average daily volume of 9,862 shares. The stock had previously closed at $18.91.

Merchants Bancorp Stock Down 0.1%

The company has a fifty day moving average of $19.93 and a 200-day moving average of $20.10.

Merchants Bancorp (NASDAQ:MBINN) last announced its earnings results on Monday, January 31st. The company reported $1.14 EPS for the quarter. The firm had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be issued a $0.375 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.9%.

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.