Merchants Bancorp (MBINM) Expected to Announce Quarterly Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINM) is expected to release its resultson Thursday, April 23rd. Analysts expect Merchants Bancorp to post earnings of $1.18 per share and revenue of $174.30 million for the quarter.

Merchants Bancorp Price Performance

Shares of MBINM opened at $25.37 on Thursday. Merchants Bancorp has a 52-week low of $24.00 and a 52-week high of $25.96. The stock’s 50-day simple moving average is $25.28 and its 200 day simple moving average is $25.07.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.06 annualized dividend and a yield of 8.1%.

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.