Merchants Bancorp (NASDAQ:MBINM) Short Interest Down 83.0% in February

Merchants Bancorp (NASDAQ:MBINM) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 2,628 shares, a drop of 83.0% from the January 29th total of 15,452 shares. Based on an average trading volume of 10,496 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 10,496 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp bought a new position in Merchants Bancorp (NASDAQ:MBINM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Stock Performance

Shares of NASDAQ MBINM traded down $0.09 during mid-day trading on Wednesday, reaching $25.47. The company had a trading volume of 12,904 shares, compared to its average volume of 9,273. The company has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $25.06. Merchants Bancorp has a 1-year low of $24.00 and a 1-year high of $26.13.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.5156 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

Merchants Bancorp Company Profile

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.