Merchants Bancorp (NASDAQ:MBINO – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 4,900 shares, an increase of 25.6% from the August 31st total of 3,900 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On Merchants Bancorp
An institutional investor recently bought a new position in Merchants Bancorp stock. Thompson Investment Management Inc. purchased a new stake in Merchants Bancorp (NASDAQ:MBINO – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,800 shares of the company’s stock, valued at approximately $43,000.
Merchants Bancorp Stock Performance
Shares of Merchants Bancorp stock remained flat at $25.15 during trading on Monday. 8,637 shares of the stock traded hands, compared to its average volume of 11,119. The business’s 50-day simple moving average is $25.00 and its 200-day simple moving average is $24.75. Merchants Bancorp has a 1-year low of $19.17 and a 1-year high of $25.35.
Merchants Bancorp Announces Dividend
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.
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