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

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.

Hartley Martin

Hartley Martin

Hartley Martin also covers the business news across all market sectors for website. He also has an enormous knowledge of stock market.  Martin holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He also covers Business news section for our site. Address: 2282 Bedford Street, Birmingham, Alabama Email: Hartleymartin@stocksgeeks.com Zip Code: 35209 Contact number: 205-210-1785

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