Stocks in the News Limelight- Merchants Bancorp (MBIN), Adams Resources & Energy, Inc. (AE)

News

Merchants Bancorp (NASDAQ:MBIN) stock recorded negative change of -1.97% to close at $20.38 in recent trading session. MBIN traded volume was 16073 shares along average volume of 40573 shares. 52 week range of the stock remained $ 16.27 – 22 while its day low price was $20.17 and its hit its day high price at $20.89. Its previous closing value stands at $20.79. MBIN total market capitalization is $584603659. Currently stocks EPS is $1.6 while its price to earnings ratio is 12.77

Merchants Bancorp (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana, today announced that the Board of Directors declared a quarterly cash dividend for the first quarter of 2018 of $0.06 per share on the Company’s outstanding shares of common stock, a 20% increase compared with the fourth quarter of 2017.  The dividend is payable April 2, 2018, to shareholders of record on March 15, 2018.

ABOUT Merchants Bancorp

Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. The Bank operates in three primary segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products.

Adams Resources & Energy, Inc. (NYSE MKT:AE) remained among the day losers and traded with change of -2.02% on volume of 8644 shares in the last session as compared to average volume of 7153 shares. During last trade its minimum price was $40.66 and it gained highest price of $42.65. AE has total market capitalization of $171487412. Its closing value stands at $40.66.

Adams Resources & Energy, Inc. (NYSE MKT:AE) also reported that its Board of Directors announced a quarterly cash dividend in the amount of $0.22 per common share for the fourth quarter of 2017, payable on March 23, 2018 to shareholders of record as of close of business on March 9, 2018.

Adams Resources & Energy, Inc., along with its subsidiaries, is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The Company’s segments include Marketing Segment, Transportation Segment, and Oil and Gas Segment.

About the Author

Jose Tuttle
Jose Tuttle
Jose Tuttle joined the mostvolatilestocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Jose is the Senior Editor for mostvolatilestocks.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children. Email Contact -  Jose@mostvolatilestocks.com.

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