Merchants Bancorp (NASDAQ:MBINN – Get Free Report) shares shot up 1.3% on Tuesday . The stock traded as high as $21.86 and last traded at $21.79. 7,132 shares were traded during trading, a decline of 35% from the average session volume of 10,917 shares. The stock had previously closed at $21.50.
Merchants Bancorp Trading Up 1.3 %
The stock’s 50-day moving average is $21.49 and its two-hundred day moving average is $22.12.
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.
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