Short Interest in Merchants Bancorp (NASDAQ:MBINM) Expands By 23.5%

Merchants Bancorp (NASDAQ:MBINM) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 21,256 shares, a growth of 23.5% from the December 31st total of 17,216 shares. Based on an average trading volume of 5,772 shares, the days-to-cover ratio is presently 3.7 days. Based on an average trading volume of 5,772 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Merchants Bancorp stock. Archer Investment Corp acquired a new position in shares of Merchants Bancorp (NASDAQ:MBINM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,000 shares of the company’s stock, valued at approximately $102,000.

Merchants Bancorp Stock Up 1.0%

Shares of Merchants Bancorp stock opened at $25.84 on Thursday. The business has a fifty day simple moving average of $25.31 and a two-hundred day simple moving average of $25.02. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $26.25.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.06 annualized dividend and a dividend yield of 8.0%.

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.