Merchants Bancorp (MBINM) Projected to Post Earnings on Thursday

Merchants Bancorp (NASDAQ:MBINM) is expected to release its resultson Thursday, April 23rd. Analysts expect Merchants Bancorp to post earnings of $1.18 per share and revenue of $174.30 million for the quarter.

Merchants Bancorp Trading Up 0.1%

MBINM opened at $25.05 on Tuesday. Merchants Bancorp has a one year low of $24.00 and a one year high of $25.96. The business’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $25.08.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Friday, March 13th.

About Merchants Bancorp

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.