Merchants Bancorp (NASDAQ:MBINN – Get Free Report) shares rose 0.7% on Thursday . The stock traded as high as $21.77 and last traded at $21.47. Approximately 17,898 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 19,510 shares. The stock had previously closed at $21.33.
Merchants Bancorp Stock Up 0.7 %
The stock has a 50 day moving average of $21.82 and a 200-day moving average of $22.02.
Merchants Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.99%. The ex-dividend date was Friday, December 13th.
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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