Medallion Bank (NASDAQ:MBNKP) Trading 0.6% Higher – What’s Next?

Medallion Bank (NASDAQ:MBNKP)’s stock price traded up 0.6% during mid-day trading on Thursday . The company traded as high as $25.35 and last traded at $25.50. 397 shares were traded during trading, a decline of 81% from the average session volume of 2,064 shares. The stock had previously closed at $25.35.

Medallion Bank Stock Up 0.6 %

The firm has a 50 day simple moving average of $25.46 and a 200 day simple moving average of $25.38.

Medallion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.84%.

Institutional Trading of Medallion Bank

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. lifted its position in Medallion Bank (NASDAQ:MBNKP) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,814 shares of the company’s stock after purchasing an additional 895 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent quarter.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.