Short Interest in Merchants Bancorp (NASDAQ:MBINO) Declines By 23.8%

Posted by Maddie Sorensen on Jul 27th, 2024

Merchants Bancorp (NASDAQ:MBINO – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 6,400 shares, a decline of 23.8% from the June 30th total of 8,400 shares. Based on an average daily volume of 10,200 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. bought a new position in shares of Merchants Bancorp (NASDAQ:MBINO – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,800 shares of the company’s stock, valued at approximately $43,000.

Merchants Bancorp Stock Down 0.1 %

Shares of MBINO stock traded down $0.03 during trading hours on Friday, hitting $24.90. The company’s stock had a trading volume of 9,272 shares, compared to its average volume of 11,893. The company has a 50 day moving average of $24.77 and a 200 day moving average of $24.57. Merchants Bancorp has a 12-month low of $19.17 and a 12-month high of $25.18.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Friday, June 14th.

Merchants Bancorp Company Profile

(Get Free Report)

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.