Merchants Bancorp (NASDAQ:MBINM) Short Interest Up 55.5% in August

Merchants Bancorp (NASDAQ:MBINM) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 14,886 shares, a growth of 55.5% from the August 15th total of 9,572 shares. Based on an average daily trading volume, of 4,938 shares, the short-interest ratio is presently 3.0 days.

Merchants Bancorp Stock Up 0.2%

Shares of NASDAQ MBINM opened at $25.43 on Friday. Merchants Bancorp has a 12-month low of $24.00 and a 12-month high of $25.96. The stock’s fifty day simple moving average is $25.57 and its two-hundred day simple moving average is $25.42.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Merchants Bancorp Company Profile

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.