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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/17/2024 |
$37.94 |
$38.39 |
$37.52 |
$37.63 |
133.30K | | 04/18/2024 |
$37.63 |
$38.73 |
$37.63 |
$38.44 |
149.60K | | 04/19/2024 |
$38.26 |
$39.20 |
$38.26 |
$39.15 |
102.30K | | 04/22/2024 |
$39.28 |
$39.92 |
$38.78 |
$39.61 |
102.20K | | 04/23/2024 |
$39.43 |
$40.37 |
$39.43 |
$40.22 |
110.50K |
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| Merchants Bancorp is a bank holding company. Through its subsidiaries, Co. operates in and services multiple lines of business, including agricultural lending, Small Business Administration (SBA) lending, and community banking. Co.'s business segments are defined as multi-family mortgage banking, which originates Federal Housing Authority loans that are sold as Government National Mortgage Association mortgage backed securities; mortgage warehousing, which provides asset-based financing in the form of warehouse facilities; and banking, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and SBA lending. | |
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Merchants Bancorp (Indiana) (MBIN) has the following price history information. Looking back at MBIN historical stock prices for the last five trading days, on April 17, 2024, MBIN opened at $37.94, traded as high as $38.39 and as low as $37.52, and closed at $37.63. Trading volume was a total of 133.30K shares. On April 18, 2024, MBIN opened at $37.63, traded as high as $38.73 and as low as $37.63, and closed at $38.44. Trading volume was a total of 149.60K shares. On April 19, 2024, MBIN opened at $38.26, traded as high as $39.20 and as low as $38.26, and closed at $39.15. Trading volume was a total of 102.30K shares. On April 22, 2024, MBIN opened at $39.28, traded as high as $39.92 and as low as $38.78, and closed at $39.61. Trading volume was a total of 102.20K shares. On April 23, 2024, MBIN opened at $39.43, traded as high as $40.37 and as low as $39.43, and closed at $40.22. Trading volume was a total of 110.50K shares.
MBIN Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Merchants Bancorp (Indiana) shares, starting with a $10,000 purchase of MBIN, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/30/2017 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$11.40 |
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| End price/share: |
$40.22 |
|
| Starting shares: |
877.19 |
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| Ending shares: |
948.47 |
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| Dividends reinvested/share: |
$1.52 |
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| Total return: |
281.47% |
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| Average Annual Total Return: |
22.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$38,143.91 |
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| Years: |
6.48 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/30/2017 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$11.40 |
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| End price/share: |
$40.22 |
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| Dividends collected/share: |
$1.52 |
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| Total return: |
266.17% |
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| Average Annual Total Return: |
22.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$36,620.88 |
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| Years: |
6.48 |
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| Date |
Close |
| 04/17/2024 | $37.63 | | 04/18/2024 | $38.44 | | 04/19/2024 | $39.15 | | 04/22/2024 | $39.61 | | 04/23/2024 | $40.22 |
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