Merchants Bancorp (MBINM) to Announce Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINM) is expected to announce its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $1.22 per share and revenue of $179.00 million for the quarter.

Merchants Bancorp Stock Performance

NASDAQ MBINM opened at $25.63 on Tuesday. Merchants Bancorp has a twelve month low of $24.00 and a twelve month high of $25.96. The stock has a fifty day simple moving average of $25.46 and a 200 day simple moving average of $25.38.

Merchants Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, June 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.