Medallion Bank (NASDAQ:MBNKP) Stock Price Up 0.7% – Time to Buy?

Medallion Bank (NASDAQ:MBNKP) shares were up 0.7% during trading on Thursday . The stock traded as high as $25.50 and last traded at $25.44. Approximately 1,753 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 1,407 shares. The stock had previously closed at $25.26.

Medallion Bank Stock Performance

The business has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $25.32.

Medallion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.91%. The ex-dividend date is Monday, March 17th.

Hedge Funds Weigh In On Medallion Bank

A hedge fund recently raised its stake in Medallion Bank stock. Uniplan Investment Counsel Inc. increased its holdings in Medallion Bank (NASDAQ:MBNKP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing.

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.