Medallion Bank (NASDAQ:MBNKP) Shares Down 0.4%

Medallion Bank (NASDAQ:MBNKP) was down 0.4% during trading on Tuesday . The stock traded as low as $24.55 and last traded at $24.55. Approximately 446 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,486 shares. The stock had previously closed at $24.66.

Medallion Bank Price Performance

The company has a 50 day moving average price of $24.73 and a 200 day moving average price of $23.71.

Medallion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 8.15%.

Institutional Investors Weigh In On Medallion Bank

An institutional investor recently raised its position in Medallion Bank stock. Uniplan Investment Counsel Inc. increased its stake in shares of Medallion Bank (NASDAQ:MBNKP) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,391 shares of the company’s stock after purchasing an additional 1,635 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Medallion Bank were worth $2,171,000 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.