Merchants Bancorp (NASDAQ:MBINO) Stock Price Down 0% – Should You Sell?

Merchants Bancorp (NASDAQ:MBINO) shares fell 0% during trading on Thursday . The stock traded as low as $24.93 and last traded at $25.00. 7,500 shares changed hands during trading, a decline of 41% from the average session volume of 12,625 shares. The stock had previously closed at $25.01.

Merchants Bancorp Stock Down 0.0 %

The stock has a 50 day moving average price of $25.19 and a two-hundred day moving average price of $25.08.

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a $0.59 dividend. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.38. This represents a $2.36 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend was Friday, December 13th.

Merchants Bancorp Company Profile

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.