Merchants Bancorp (NASDAQ:MBINM) Shares Down 0.3% – Time to Sell?

Merchants Bancorp (NASDAQ:MBINM)’s share price was down 0.3% on Monday . The stock traded as low as $25.56 and last traded at $25.56. 2,596 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 9,692 shares. The stock had previously closed at $25.63.

Merchants Bancorp Trading Up 0.1%

The stock’s 50-day simple moving average is $25.43 and its 200-day simple moving average is $25.41.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On Merchants Bancorp

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

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.