Merchants Bancorp (NASDAQ:MBINM) Trading Up 1.3%

Merchants Bancorp (NASDAQ:MBINM)’s share price shot up 1.3% during trading on Wednesday . The stock traded as high as $26.62 and last traded at $26.51. 3,668 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 8,193 shares. The stock had previously closed at $26.17.

Merchants Bancorp Stock Down 0.7 %

The stock has a 50-day simple moving average of $25.78 and a 200 day simple moving average of $25.65.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.5156 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.06 annualized dividend and a yield of 7.77%.

Merchants Bancorp Company Profile

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.