Merchants Bancorp (NASDAQ:MBINO) Trading Down 0.3% – What’s Next?

Merchants Bancorp (NASDAQ:MBINO) was down 0.3% during trading on Monday . The company traded as low as $25.13 and last traded at $25.16. Approximately 4,511 shares were traded during trading, a decline of 60% from the average daily volume of 11,198 shares. The stock had previously closed at $25.23.

Merchants Bancorp Stock Performance

The business has a 50-day moving average price of $25.10 and a 200 day moving average price of $24.86.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.375 per share. The ex-dividend date was Friday, September 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Merchants Bancorp stock. Thompson Investment Management Inc. purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBINO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.