Merchants Bancorp (MBIN) Stock Price, News & Analysis

Company Overview

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

Key Stats

• Today's Range: $41.34 to $43.77
• 50-Day Range: $34.75 to $43.49
• 52-Week Range: $34.16 to $53.27
• Volume: 97,203 shs
• Average Volume: 168,230 shs
• Market Capitalization: $1.90 billion
• P/E Ratio: 6.57
• Dividend Yield: 0.87%
• Price Target: $54.50
• Consensus Rating: Moderate Buy

Merchants Bancorp Stock Analysis - MarketRank™

Merchants Bancorp scored higher than 81% of companies evaluated by MarketBeat, and ranked 264th out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Merchants Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Merchants Bancorp has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.40%

Earnings Growth

Earnings for Merchants Bancorp are expected to grow by 7.40% in the coming year, from $5.54 to $5.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Merchants Bancorp is 6.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Merchants Bancorp is 6.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.13.

Price to Book Value per Share Ratio

Merchants Bancorp has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.13% of the float of Merchants Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Merchants Bancorp has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Merchants Bancorp has recently increased by 20.01%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Merchants Bancorp has a dividend yield of 0.84%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Merchants Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Merchants Bancorp is 5.71%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Merchants Bancorp will have a dividend payout ratio of 6.05% next year. This indicates that Merchants Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.13% of the float of Merchants Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Merchants Bancorp has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Merchants Bancorp has recently increased by 20.01%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.01

News Sentiment

Merchants Bancorp has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.88 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Merchants Bancorp this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added Merchants Bancorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Merchants Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,077,500.00 in company stock.

Percentage Held by Insiders

39.70% of the stock of Merchants Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 24.57% of the stock of Merchants Bancorp is held by institutions.

MBIN Stock Analysis - Frequently Asked Questions

How have MBIN shares performed this year?

Merchants Bancorp's stock was trading at $36.47 on January 1st, 2025. Since then, MBIN stock has increased by 13.7% and is now trading at $41.47.
View the best growth stocks for 2025 here.

How were Merchants Bancorp's earnings last quarter?

Merchants Bancorp (NASDAQ:MBIN) issued its quarterly earnings data on Monday, February, 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a trailing twelve-month return on equity of 22.86%.

When did Merchants Bancorp's stock split?

Merchants Bancorp shares split before market open on Tuesday, January 18th 2022. The 3-2 split was announced on Tuesday, January 18th 2022. The newly created shares were issued to shareholders after the market closes on Tuesday, January 18th 2022. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

When did Merchants Bancorp IPO?

Merchants Bancorp (MBIN) raised $101 million in an initial public offering on Friday, October 27th 2017. The company issued 5,600,000 shares at $17.00-$19.00 per share. Sandler O'Neill + Partners, Stephens and Raymond James acted as the underwriters for the IPO and SunTrust Robinson Humphrey was co-manager.

Who are Merchants Bancorp's major shareholders?

Top institutional investors of Merchants Bancorp include Elser Financial Planning Inc (59.57%), PL Capital Advisors LLC (15.01%), Dimensional Fund Advisors LP (2.77%) and Vanguard Group Inc. (2.64%). Insiders that own company stock include Michael F Petrie, Randall D Rogers, Michael J Dunlap, Michael R Dury, Patrick D O'brien, Scott A Evans, Anne E Sellers and Terry A Oznick.
View institutional ownership trends.

How do I buy shares of Merchants Bancorp?

Shares of MBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Merchants Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Merchants Bancorp investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Dividend Payable: 1/02/2025
• Last Earnings: 2/03/2025
• Today: 2/22/2025
• Ex-Dividend for 4/1 Dividend: 3/14/2025
• Dividend Payable: 4/01/2025
• Next Earnings (Estimated): 5/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MBIN
• CUSIP: N/A
• CIK: 1629019
• Web: www.merchantsbankofindiana.com
• Phone: (317) 569-7420
• Fax: 317-569-6481
• Employees: 480
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $54.50
• High Stock Price Target: $56.50
• Low Stock Price Target: $53.00
• Potential Upside/Downside: +31.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.31
• Trailing P/E Ratio: 6.57
• Forward P/E Ratio: 7.49
• P/E Growth: N/A
• Net Income: $320.39 million
• Net Margins: 22.08%
• Pretax Margin: 27.83%
• Return on Equity: 22.86%
• Return on Assets: 1.76%

Debt

• Debt-to-Equity Ratio: 2.40
• Current Ratio: 1.15
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $1.45 billion
• Price / Sales: 1.31
• Cash Flow: $6.32 per share
• Price / Cash Flow: 6.56
• Book Value: $27.79 per share
• Price / Book: 1.49

Miscellaneous

• Outstanding Shares: 45,760,000
• Free Float: 27,596,000
• Market Cap: $1.90 billion
• Optionable: Optionable
• Beta: 1.15