Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 39.1% from the February 28th total of 2,300 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.2 days.

Merchants Bancorp Price Performance

Shares of MBINM stock traded up $0.11 on Friday, reaching $25.68. 2,203 shares of the company’s stock were exchanged, compared to its average volume of 6,159. The company’s fifty day simple moving average is $25.87 and its 200 day simple moving average is $26.01. Merchants Bancorp has a 52 week low of $25.01 and a 52 week high of $26.92.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.5156 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a yield of 8.03%.

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.