Merchants Bancorp (MBINM) Set to Announce Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINM) is expected to post its results after the market closes on Thursday, October 22nd. Analysts expect Merchants Bancorp to announce earnings of $1.39 per share and revenue of $182.95 million for the quarter.

Merchants Bancorp Stock Performance

Shares of MBINM opened at $25.00 on Tuesday. The company has a 50-day simple moving average of $25.43 and a two-hundred day simple moving average of $25.42. Merchants Bancorp has a one year low of $24.00 and a one year high of $25.96.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a $0.5156 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.06 annualized dividend and a dividend yield of 8.3%.

About Merchants Bancorp

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and related subsidiaries, providing banking and specialized finance services to businesses, real estate borrowers and mortgage originators.

The company operates through banking, mortgage warehousing and multifamily mortgage banking activities. Its banking operations offer deposit products and commercial lending, while its mortgage warehouse business provides revolving lines of credit to mortgage lenders.