Short Interest in Merchants Bancorp (NASDAQ:MBINM) Expands By 23.5%

Merchants Bancorp (NASDAQ:MBINM) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 21,256 shares, an increase of 23.5% from the December 31st total of 17,216 shares. Based on an average trading volume of 5,772 shares, the days-to-cover ratio is currently 3.7 days. Based on an average trading volume of 5,772 shares, the days-to-cover ratio is currently 3.7 days.

Merchants Bancorp Price Performance

Shares of NASDAQ:MBINM opened at $25.58 on Wednesday. The company’s fifty day moving average is $25.28 and its two-hundred day moving average is $25.02. Merchants Bancorp has a 12-month low of $24.00 and a 12-month high of $26.25.

Merchants Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a $0.5156 dividend. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Monday, December 15th.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp purchased a new position in shares of Merchants Bancorp (NASDAQ:MBINM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

About Merchants Bancorp

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.