Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 13,709 shares, an increase of 45.2% from the February 12th total of 9,440 shares. Based on an average daily trading volume, of 21,564 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 21,564 shares, the days-to-cover ratio is currently 0.6 days.

Merchants Bancorp Stock Down 1.1%

Shares of MBINN opened at $20.06 on Friday. Merchants Bancorp has a 52-week low of $18.27 and a 52-week high of $22.04. The stock has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $19.98.

Merchants Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in Merchants Bancorp (NASDAQ:MBINN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 99,359 shares of the company’s stock, valued at approximately $1,825,000.

About Merchants Bancorp

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.