Merchants Bancorp (NASDAQ:MBINM) Short Interest Update

Merchants Bancorp (NASDAQ:MBINM) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 14,886 shares, an increase of 55.5% from the August 15th total of 9,572 shares. Based on an average trading volume of 4,938 shares, the short-interest ratio is currently 3.0 days.

Merchants Bancorp Price Performance

MBINM stock remained flat at $25.39 during trading on Thursday. The company had a trading volume of 11,356 shares, compared to its average volume of 9,296. Merchants Bancorp has a 12 month low of $24.00 and a 12 month high of $25.96. The company’s 50 day moving average price is $25.57 and its 200 day moving average price is $25.42.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.