Merchants Bancorp (MBINN) Projected to Announce Earnings on Tuesday

Merchants Bancorp (NASDAQ:MBINN) will likely be issuing its results on Tuesday, July 28th. Analysts expect the company to post earnings of $1.22 per share and revenue of $179.00 million for the quarter. NASDAQ:MBINN opened at $20.07 on Friday. Merchants Bancorp has a 12-month low of $18.27 and a 12-month high of $21.60. The firm has a 50-day moving average price of $20.27 and a 200 day moving average price of $20.15.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, June 15th.

An institutional investor recently bought a new stake in Merchants Bancorp stock. Beck Mack & Oliver LLC purchased a new stake in Merchants Bancorp (NASDAQ:MBINN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 99,359 shares of the company’s stock, valued at approximately $1,825,000.

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions. The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.