Merchants Bancorp (MBIN) Stock Price, News & Analysis

Company Overview

Merchants Bancorp is a bank holding company headquartered in Buffalo, New York, serving individuals, businesses and institutions across Western New York. Through its primary subsidiary, Merchants Bank, the company offers a full suite of commercial and consumer banking services. Its core business activities include deposit taking, loan origination, and treasury management, enabling clients to manage cash flow, finance operations and grow their ventures with tailored financial solutions.

Founded in the late 19th century, Merchants Bank has grown from a single community bank into one of the region’s leading financial institutions. Over more than a century of operation, the company has expanded its footprint through organic growth and targeted acquisitions, establishing branch offices in key suburban and urban markets in Erie, Niagara and surrounding counties. This regional focus allows Merchants to maintain deep local relationships and provide personalized service backed by an understanding of the area’s economic drivers.

The company’s product offerings span a wide range of lending and deposit services. On the commercial side, Merchants supports small and middle-market businesses with working capital lines of credit, equipment financing, commercial real estate loans and industry-specific lending programs. In the consumer arena, it provides mortgage loans, home equity lines of credit, personal lines of credit and a comprehensive suite of checking and savings accounts. Digital banking, mobile deposit and online bill pay further enhance convenience for retail and business customers alike.

Merchants Bancorp is governed by a board of directors and led by a senior management team with extensive expertise in banking and financial services. The company emphasizes community engagement, supporting local nonprofits and economic development initiatives throughout its markets. With a commitment to prudent risk management and customer-focused innovation, Merchants Bancorp aims to deliver long-term value to shareholders, clients and the communities it serves.

Key Stats

• Today's Range: $34.15 to $35.81
• 50-Day Range: $30.06 to $35.67
• 52-Week Range: $27.25 to $53.27
• Volume: 108,021 shs
• Average Volume: 180,010 shs
• Market Capitalization: $1.64 billion
• P/E Ratio: 6.56
• Dividend Yield: 1.12%
• Price Target: $47.50
• Consensus Rating: Moderate Buy

Merchants Bancorp Stock Analysis - MarketRank™

Merchants Bancorp scored higher than 75% of companies evaluated by MarketBeat, and ranked 298th out of 907 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 1 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 6.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Merchants Bancorp is 6.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.04.

Price to Book Value per Share Ratio

Merchants Bancorp has a P/B Ratio of 1.04. 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

3.35% 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 4.

Change versus previous month

Short interest in Merchants Bancorp has recently increased by 2.42%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Merchants Bancorp pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Merchants Bancorp has been increasing its dividend for 8 years.

Dividend Coverage

The dividend payout ratio of Merchants Bancorp is 7.35%. 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 6.72% 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

3.35% 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 4.

Change versus previous month

Short interest in Merchants Bancorp has recently increased by 2.42%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for MBIN on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Merchants Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

34.80% 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 decreased by 2.2% and is now trading at $35.67.

How were Merchants Bancorp's earnings last quarter?

Merchants Bancorp (NASDAQ:MBIN) posted its earnings results on Monday, April, 28th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.25 by $0.32. The business earned $287.20 million during the quarter, compared to analyst estimates of $169 million. Merchants Bancorp had a net margin of 20.73% and a trailing twelve-month return on equity of 19.09%.

When did Merchants Bancorp's stock split?

Shares of Merchants Bancorp split on the morning of Tuesday, January 18th 2022.The 3-2 split was announced on Tuesday, January 18th 2022. The newly issued shares were distributed to shareholders after the closing bell 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 (IPO) on Friday, October 27th 2017. The company issued 5,600,000 shares at a price of $17.00-$19.00 per share. Sandler O'Neill + Partners, Stephens and Raymond James served as the underwriters for the IPO and SunTrust Robinson Humphrey was co-manager.

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

• Last Earnings: 4/28/2025
• Record date for 7/1 Dividend: 6/13/2025
• Ex-Dividend for 7/1 Dividend: 6/13/2025
• Dividend Payable: 7/01/2025
• Today: 7/06/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MBIN
• 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: $47.50
• High Stock Price Target: $56.50
• Low Stock Price Target: $41.00
• Potential Upside/Downside: +33.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.44
• Trailing P/E Ratio: 6.56
• Forward P/E Ratio: 6.44
• P/E Growth: N/A
• Net Income: $320.39 million
• Net Margins: 20.73%
• Pretax Margin: 27.36%
• Return on Equity: 19.09%
• Return on Assets: 1.57%

Debt

• Debt-to-Equity Ratio: 2.49
• Current Ratio: 1.20
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $1.45 billion
• Price / Sales: 1.13
• Cash Flow: $7.08 per share
• Price / Cash Flow: 5.04
• Book Value: $34.33 per share
• Price / Book: 1.04

Miscellaneous

• Outstanding Shares: 45,880,000
• Free Float: 29,915,000
• Market Cap: $1.64 billion
• Optionable: Optionable
• Beta: 1.28