Merchants Bancorp (NASDAQ:MBIN) declared a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.06 per share on Monday, April 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.05.
Merchants Bancorp (NASDAQ:MBIN) opened at $22.14 on Tuesday. Merchants Bancorp has a 52-week low of $16.27 and a 52-week high of $22.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.66 and a current ratio of 0.93.
Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to analysts’ expectations of $26.89 million. equities analysts expect that Merchants Bancorp will post 2.09 earnings per share for the current year.
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Merchants Bancorp Company Profile
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
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