Merchants Bancorp (MBIN) Stock Price, News & Analysis

Company Overview

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services. On the commercial side, Merchants Bancorp provides term loans, lines of credit, equipment financing and asset‐based lending to support business growth. For individual customers, the bank offers checking and savings accounts, residential mortgages, home equity loans and consumer installment loans. In addition, Merchants Bancorp delivers wealth management, trust and fiduciary services through its affiliated wealth advisory arm, catering to clients’ investment, retirement planning and estate planning needs.

Merchants Bancorp traces its roots to a community banking tradition in Buffalo and has grown through organic expansion and strategic branch acquisitions. The company places emphasis on personalized customer service, local decision-making and community involvement. Its leadership team, headed by President and Chief Executive Officer Dennis P. Geary, draws on decades of regional banking experience to guide the company’s strategic direction and ensure compliance with regulatory standards.

Focused on balancing modern banking technology with a community-oriented approach, Merchants Bancorp continues to invest in digital banking platforms, cybersecurity and risk management. Its commitment to supporting local economies is reflected in partnerships with municipal organizations, small‐business development groups and charitable initiatives throughout the markets it serves.

Key Stats

• Today's Range: $31.25 to $32.00
• 50-Day Range: $29.18 to $36.00
• 52-Week Range: $27.25 to $47.42
• Volume: 183,159 shs
• Average Volume: 179,363 shs
• Market Capitalization: $1.45 billion
• P/E Ratio: 6.93
• Dividend Yield: 1.27%
• Price Target: $38.33
• Consensus Rating: Moderate Buy

Merchants Bancorp Stock Analysis - MarketRank™

Merchants Bancorp scored higher than 90% of companies evaluated by MarketBeat, and ranked 191st out of 915 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: 3.7 / 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.

Upside Potential

Merchants Bancorp has a consensus price target of $38.33, representing about 22.4% upside from its current price of $31.31.

Amount of Analyst Coverage

Merchants Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 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 6.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 278.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Merchants Bancorp is 6.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 230.34.

Price to Book Value per Share Ratio

Merchants Bancorp has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.11% 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 4.3.

Change versus previous month

Short interest in Merchants Bancorp has recently decreased by 4.38%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Merchants Bancorp pays a meaningful dividend of 1.22%, 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 8.79%. 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

4.11% 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 4.3.

Change versus previous month

Short interest in Merchants Bancorp has recently decreased by 4.38%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.76

News Sentiment

Merchants Bancorp has a news sentiment score of 0.76. 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 lower news sentiment than the 1.10 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Merchants Bancorp this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for MBIN on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Merchants Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $99,618.00 in company stock and sold $0.00 in 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 at the beginning of the year. Since then, MBIN stock has decreased by 14.1% and is now trading at $31.31.

How were Merchants Bancorp's earnings last quarter?

Merchants Bancorp (NASDAQ:MBIN) issued its earnings results on Monday, July, 28th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.12 by $0.52. The company earned $179.20 million during the quarter, compared to analyst estimates of $161.10 million. Merchants Bancorp had a trailing twelve-month return on equity of 16.06% and a net margin of 18.06%.

When did Merchants Bancorp's stock split?

Merchants Bancorp shares split on the morning of Tuesday, January 18th 2022.The 3-2 split was announced on Tuesday, January 18th 2022. The newly created shares were payable 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 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.

Who are Merchants Bancorp's major shareholders?

Top institutional shareholders of Merchants Bancorp include Elser Financial Planning Inc (59.06%), Geode Capital Management LLC (1.49%), American Century Companies Inc. (1.24%) and Invesco Ltd. (0.95%). 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, Darin L Thomas 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

• Record date for 7/1 Dividend: 6/13/2025
• Ex-Dividend for 7/1 Dividend: 6/13/2025
• Dividend Payable: 7/01/2025
• Last Earnings: 7/28/2025
• Today: 9/10/2025
• Record date for 10/1 Dividend: 9/15/2025
• Ex-Dividend for 10/1 Dividend: 9/15/2025
• Dividend Payable: 10/01/2025
• Next Earnings (Estimated): 10/27/2025
• 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 Price Target for Merchants Bancorp: $38.33
• High Price Target: $41.00
• Low Price Target: $34.00
• Potential Upside/Downside: +20.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.55
• Trailing P/E Ratio: 6.99
• Forward P/E Ratio: 5.74
• P/E Growth: N/A
• Net Income: $320.39 million
• Net Margins: 18.06%
• Pretax Margin: 23.86%
• Return on Equity: 16.06%
• Return on Assets: 1.34%

Debt

• Debt-to-Equity Ratio: 2.45
• Current Ratio: 1.20
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $1.45 billion
• Price / Sales: 1.01
• Cash Flow: $6.84 per share
• Price / Cash Flow: 4.65
• Book Value: $34.33 per share
• Price / Book: 0.93

Miscellaneous

• Outstanding Shares: 45,880,000
• Free Float: 29,917,000
• Market Cap: $1.46 billion
• Optionable: Optionable
• Beta: 1.30