What’s Propelling Merchants Bancorp (NASDAQ:MBIN) After Higher Shorts Reported?

February 15, 2018 - By Ellis Scott

 What’s Propelling Merchants Bancorp (NASDAQ:MBIN) After Higher Shorts Reported?

The stock of Merchants Bancorp (NASDAQ:MBIN) registered an increase of 6.67% in short interest. MBIN’s total short interest was 3,200 shares in February as published by FINRA. Its up 6.67% from 3,000 shares, reported previously.

The stock decreased 0.32% or $0.07 during the last trading session, reaching $20.43. About 2,563 shares traded. Merchants Bancorp (NASDAQ:MBIN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Merchants Bancorp operates as a bank holding firm for Merchants Bank of Indiana that provides various banking services and products in the United States. The company has market cap of $586.18 million. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking divisions. It has a 8.97 P/E ratio. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

Merchants Bancorp (NASDAQ:MBIN) Ratings Coverage

Among 4 analysts covering Merchants Bancorp (NASDAQ:MBIN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Merchants Bancorp had 5 analyst reports since November 21, 2017 according to SRatingsIntel. SunTrust maintained the shares of MBIN in report on Monday, January 8 with “Buy” rating.

More notable recent Merchants Bancorp (NASDAQ:MBIN) news were published by: Prnewswire.com which released: “Merchants Bancorp Announces Closing of Its Initial Public Offering” on October 31, 2017, also Ibj.com with their article: “Carmel-based Merchants Bancorp reports record profits for 2017” published on February 09, 2018, Marketwatch.com published: “Merchants Bancorp prices IPO at $16 a share, below $17 to $19 price range” on October 27, 2017. More interesting news about Merchants Bancorp (NASDAQ:MBIN) were released by: Prnewswire.com and their article: “Merchants Bancorp Reports Third Quarter 2017 Results” published on December 07, 2017 as well as Prnewswire.com‘s news article titled: “Merchants Bancorp Announces Executive Officer Promotions” with publication date: November 20, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.