Merchants Bancorp (NASDAQ:MBINM – Get Rating) Director Patrick D. O'brien purchased 3,999 shares of Merchants Bancorp stock in a transaction on Thursday, March 9th. The shares were purchased at an average cost of $23.25 per share, with a total value of $92,976.75. Following the transaction, the director now owns 4,500 shares in the company, valued at $104,625. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Merchants Bancorp Trading Down 4.5 %
Shares of Merchants Bancorp stock opened at $25.01 on Friday. Merchants Bancorp has a 12-month low of $24.54 and a 12-month high of $28.06. The business's 50 day moving average is $27.11.
Get Merchants Bancorp alerts:Merchants Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Tuesday, March 14th.
About Merchants Bancorp
(Get Rating)
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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