Merchants Bancorp (NASDAQ:MBINN – Get Free Report) is projected to announce its results after the market closes on Thursday, October 22nd. Analysts expect the company to post earnings of $1.39 per share and revenue of $182.95 million for the quarter.
Merchants Bancorp Stock Performance
Shares of NASDAQ:MBINN opened at $18.89 on Wednesday. The business has a 50 day moving average price of $19.55 and a 200 day moving average price of $20.01. Merchants Bancorp has a twelve month low of $18.27 and a twelve month high of $21.23.
Merchants Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.3750 dividend. This represents a $1.50 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Tuesday, September 15th.
Merchants Bancorp Company Profile
Merchants Bancorp is a diversified financial services company headquartered in Carmel, Indiana. Through its primary banking subsidiary, Merchants Bank of Indiana, the company provides commercial banking, mortgage banking and specialized financing solutions to businesses, real estate developers, healthcare providers and other institutional clients.
The company’s mortgage banking operations focus on multifamily and healthcare facilities, including financing for affordable housing and senior living properties.
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