Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 9,079 shares, a decline of 74.0% from the June 30th total of 34,862 shares. Based on an average daily volume of 3,338 shares, the days-to-cover ratio is presently 2.7 days.

Merchants Bancorp Price Performance

NASDAQ MBINM traded down $0.11 during trading hours on Friday, hitting $25.43. The company had a trading volume of 3,370 shares, compared to its average volume of 10,320. Merchants Bancorp has a fifty-two week low of $24.00 and a fifty-two week high of $25.96. The business has a fifty day simple moving average of $25.45 and a 200-day simple moving average of $25.39.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBINM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.