Merchants Bancorp (NASDAQ:MBINN) Shares Up 1%

Merchants Bancorp (NASDAQ:MBINN) shares shot up 1% on Wednesday . The stock traded as high as $19.51 and last traded at $19.51. 18,417 shares changed hands during mid-day trading, an increase of 114% from the average session volume of 8,604 shares. The stock had previously closed at $19.31.

Merchants Bancorp Stock Up 1.7 %

The company has a 50-day simple moving average of $21.00 and a 200 day simple moving average of $19.78.

Merchants Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.66%. The ex-dividend date was Thursday, March 14th.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.