Merchants Bancorp (MBINN) Projected to Release Earnings on Tuesday

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

Merchants Bancorp Stock Performance

Shares of NASDAQ MBINN opened at $20.07 on Monday. Merchants Bancorp has a one year low of $18.27 and a one year high of $21.60. The company’s fifty day moving average is $20.27 and its two-hundred day moving average is $20.16.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, June 15th.

Institutional Trading of Merchants Bancorp

A hedge fund recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC bought a new position in shares of Merchants Bancorp (NASDAQ:MBINN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,359 shares of the company’s stock, valued at approximately $1,825,000.

About Merchants Bancorp

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.