Merchants Bancorp (NASDAQ:MBINN) Director Acquires $100,000.00 in Stock

Merchants Bancorp (NASDAQ:MBINNGet Rating) Director Anne E. Sellers bought 4,000 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were bought at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $100,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINN traded down $0.44 on Friday, reaching $21.50. 41,827 shares of the company traded hands, compared to its average volume of 11,234. Merchants Bancorp has a fifty-two week low of $21.25 and a fifty-two week high of $27.48. The firm’s 50 day moving average is $23.40.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Wednesday, September 14th.

Merchants Bancorp Company Profile

(Get Rating)

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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