Merchants Bancorp (MBINM) Projected to Post Quarterly Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINM) is expected to announce its resultson Tuesday, July 28th. Analysts expect Merchants Bancorp to announce earnings of $1.22 per share and revenue of $179.00 million for the quarter.

Merchants Bancorp Stock Performance

Shares of MBINM stock opened at $25.43 on Friday. Merchants Bancorp has a fifty-two week low of $24.00 and a fifty-two week high of $25.96. The stock’s fifty day moving average is $25.45 and its two-hundred day moving average is $25.39.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Monday, June 15th.

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.