Medallion Bank (NASDAQ:MBNKP) Trading 0.6% Higher – Time to Buy?

Medallion Bank (NASDAQ:MBNKP)’s stock price was up 0.6% on Thursday . The company traded as high as $25.35 and last traded at $25.50. Approximately 397 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,064 shares. The stock had previously closed at $25.35.

Medallion Bank Stock Up 1.1 %

The stock has a fifty day moving average of $25.47 and a 200-day moving average of $25.38.

Medallion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. increased its position in shares of Medallion Bank (NASDAQ:MBNKP) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,814 shares of the company’s stock after acquiring an additional 895 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent quarter.

About Medallion Bank

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.