Merchants Bancorp (MBINN) to Release Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINN) will likely be posting 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 Stock Performance

MBINN opened at $20.64 on Thursday. Merchants Bancorp has a 12 month low of $18.27 and a 12 month high of $21.60. The business has a 50-day moving average of $20.11 and a two-hundred day moving average of $19.84.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.375 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.50 annualized dividend and a yield of 7.3%.

Institutional Investors Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC acquired a new position in Merchants Bancorp (NASDAQ:MBINN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 99,359 shares of the company’s stock, valued at approximately $1,825,000.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.