Medallion Bank (NASDAQ:MBNKP) Short Interest Update

Medallion Bank (NASDAQ:MBNKP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, an increase of 54.5% from the February 28th total of 1,100 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Medallion Bank

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. boosted its holdings in Medallion Bank (NASDAQ:MBNKP) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,814 shares of the company’s stock after acquiring an additional 895 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $1,715,000 at the end of the most recent quarter.

Medallion Bank Price Performance

Shares of NASDAQ MBNKP traded up $0.36 during trading on Monday, reaching $25.71. The stock had a trading volume of 760 shares, compared to its average volume of 2,066. The firm’s 50 day moving average price is $25.47 and its two-hundred day moving average price is $25.39. Medallion Bank has a one year low of $24.25 and a one year high of $27.00.

Medallion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Monday, March 17th.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.