Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 9,612 shares, an increase of 35.5% from the March 15th total of 7,095 shares. Based on an average trading volume of 8,101 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC bought a new position in shares of Merchants Bancorp (NASDAQ:MBINN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINN traded down $0.31 during mid-day trading on Friday, reaching $20.33. 580 shares of the company traded hands, compared to its average volume of 11,979. Merchants Bancorp has a fifty-two week low of $18.27 and a fifty-two week high of $21.60. The stock has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $19.85.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a dividend of $0.375 per share. The ex-dividend date was Friday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 7.4%.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.