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PRNewswire (Wed, 14-Feb 4:05 PM ET)
Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.
Merchants Bancorp - Depositary Shares Each Representing A 1/40Th Interest In A Share Of Series B Fixed-To-Floating Rate trades on the NASDAQ stock market under the symbol MBINO.
As of March 28, 2024, MBINO stock price declined to $23.94 with 87,965 million shares trading.
MBINO has a market cap of $688.15 million. This is considered a Small Cap stock.
In the last 3 years, MBINO stock traded as high as $27.37 and as low as $15.86.
MBINO has underperformed the market in the last year with a price return of +28.9% while the SPY ETF gained +33.6%. MBINO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.1% and 0.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
MBINO support price is $24.16 and resistance is $24.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MBINO stock will trade within this expected range on the day.