Merchants Bancorp (NASDAQ:MBINN) Short Interest Update

Merchants Bancorp (NASDAQ:MBINN) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 22,600 shares, a decrease of 45.4% from the September 30th total of 41,400 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 2.6 days.

Merchants Bancorp Stock Down 1.3%

Shares of MBINN opened at $20.02 on Friday. The company has a 50 day moving average price of $20.68 and a 200-day moving average price of $20.15. Merchants Bancorp has a fifty-two week low of $18.31 and a fifty-two week high of $23.60.

Merchants Bancorp (NASDAQ:MBINN) last posted its earnings results on Monday, January 31st. The company reported $1.14 earnings per share for the quarter. The company had revenue of $112.82 million for the quarter.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 7.5%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.