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Insider Trends: Merchants Bancorp Insider Granted Stock Award, Buy Trend Intact

05/10/2021 12:35

04:29 PM EDT, 05/10/2021 (MT Newswires) -- Michael F Petrie, 10% Owner, Director and Chairman & CEO, received a stock award of 120,000 Merchants Bancorp (MBIN) shares Apr 15, 2021 which had an approximate daily closing price value of $5,357,999. Following the Form 4 filing with the SEC, Petrie has 120,000 shares of the company, which have a market value of $5.36 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 7 insider transactions from the activities of 5 different insiders all of which have been purchases and resulted in the acquisition of 42,688 company shares. Relative to the preceding 90-day window of time, there were 22 transactions from 10 insiders that resulted in the net disposition of 36,590 shares.

This is less than the average level of insider transactions in the 394-company Banks peer group over the last 90-day period. Within the peer group activity averaged 105.5 transactions per company, with company insiders acquiring on average 7,438 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1629019/000156218021003364/xslF345X03/primarydocument.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.