Merchants Bancorp Buyback
OLI recorded this information on 11/17/2021
Company:
Merchants Bancorp
Buyback:
MBIN buyback
$Amount Authorized:
$75,000,000
Buyback Details:
Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors approved the renewal and increase of the stock repurchase program of up to $75 million of common stock, expiring December 31, 2023.
Merchants Bancorp is a bank holding company. Through its subsidiaries, Co. operates in and services multiple lines of business, including agricultural lending, Small Business Administration (SBA) lending, and community banking. Co.'s business segments are defined as multi-family mortgage banking, which originates Federal Housing Authority loans that are sold as Government National Mortgage Association mortgage backed securities; mortgage warehousing, which provides asset-based financing in the form of warehouse facilities; and banking, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and SBA lending.
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Preferreds: MBINP, MBINO, MBINN, MBINM
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MBIN Stock Forecast Based on Zacks ABR data; powered by Xignite |
