Merchants Bancorp (NASDAQ:MBINO – Get Free Report) fell 0.3% during mid-day trading on Monday . The stock traded as low as $25.13 and last traded at $25.16. 4,511 shares were traded during mid-day trading, a decline of 60% from the average session volume of 11,198 shares. The stock had previously closed at $25.23.
Merchants Bancorp Price Performance
The stock has a 50 day moving average of $25.09 and a 200-day moving average of $24.85.
Merchants Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Friday, September 13th.
Institutional Trading of Merchants Bancorp
About Merchants Bancorp
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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