Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 13,709 shares, a growth of 45.2% from the February 12th total of 9,440 shares. Based on an average daily volume of 21,564 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 21,564 shares, the short-interest ratio is currently 0.6 days.

Merchants Bancorp Stock Down 1.1%

Shares of MBINN stock opened at $20.06 on Monday. Merchants Bancorp has a fifty-two week low of $18.27 and a fifty-two week high of $22.04. The stock’s fifty day moving average price is $20.00 and its two-hundred day moving average price is $19.98.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC bought a new position in shares of Merchants Bancorp (NASDAQ:MBINN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.