Medallion Bank (NASDAQ:MBNKP) Shares Up 0.7% – What’s Next?

Shares of Medallion Bank (NASDAQ:MBNKP) rose 0.7% on Thursday . The company traded as high as $25.50 and last traded at $25.44. Approximately 1,753 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 1,407 shares. The stock had previously closed at $25.26.

Medallion Bank Stock Down 0.9 %

The firm has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $25.32.

Medallion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.91%.

Institutional Investors Weigh In On Medallion Bank

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. boosted its stake in Medallion Bank (NASDAQ:MBNKP) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,814 shares of the company’s stock after acquiring an additional 895 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent quarter.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.