Merchants Bancorp (MBINN) to Distribute Quarterly Dividend of $0.38 on October 1st

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.375 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Tuesday, September 15th.

Merchants Bancorp Stock Up 0.1%

Merchants Bancorp stock opened at $20.01 on Friday. The business has a 50 day moving average of $20.03 and a 200-day moving average of $20.19. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $21.60.

Hedge Funds Weigh In On Merchants Bancorp

An institutional investor recently bought a new position in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBINN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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.