Merchants Bancorp (NASDAQ:MBINO) Stock Price Down 0.3% – Time to Sell?

Merchants Bancorp (NASDAQ:MBINO) 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

An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. purchased a new stake in Merchants Bancorp (NASDAQ:MBINO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,800 shares of the company’s stock, valued at approximately $43,000.

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.