Merchants Bancorp (MBINN) Expected to Announce Quarterly Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINN) will likely be announcing its resultson Tuesday, July 28th. Analysts expect the company to announce earnings of $1.22 per share and revenue of $179.00 million for the quarter.

Merchants Bancorp Stock Performance

Shares of MBINN opened at $20.21 on Tuesday. Merchants Bancorp has a 12 month low of $18.27 and a 12 month high of $21.60. The stock’s 50-day moving average is $20.33 and its two-hundred day moving average is $20.12.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new position in Merchants Bancorp (NASDAQ:MBINN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.