Merchants Bancorp Plans Quarterly Dividend of $0.52 (NASDAQ:MBINM)

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of 0.5156 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, June 15th.

Merchants Bancorp Trading Up 0.1%

Merchants Bancorp stock opened at $25.60 on Friday. Merchants Bancorp has a 52 week low of $24.00 and a 52 week high of $25.96. The firm’s 50-day simple moving average is $25.23 and its 200 day simple moving average is $25.21.

Institutional Investors Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp acquired a new position in Merchants Bancorp (NASDAQ:MBINM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,000 shares of the company’s stock, valued at approximately $102,000.

About Merchants Bancorp

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.