Merchants Bancorp (NASDAQ:MBINO – Get Free Report) shot up 0.1% on Monday . The stock traded as high as $25.41 and last traded at $25.38. 26,201 shares traded hands during mid-day trading, an increase of 131% from the average session volume of 11,318 shares. The stock had previously closed at $25.36.
Merchants Bancorp Stock Performance
The business has a fifty day moving average of $25.19 and a 200 day moving average of $24.96.
Merchants Bancorp Company Profile
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.
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