Merchants Bancorp Stock Price, News & Analysis (NASDAQ:MBIN)

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merchants Bancorp in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" MBIN shares.
View MBIN analyst ratings or view top-rated stocks.

2 brokers have issued 12-month price targets for Merchants Bancorp's stock. Their MBIN share price targets range from $38.00 to $44.00. On average, they anticipate the company's share price to reach $41.00 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
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Merchants Bancorp's stock was trading at $24.32 on January 1st, 2023. Since then, MBIN shares have increased by 41.0% and is now trading at $34.28.
View the best growth stocks for 2023 here.

Merchants Bancorp saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 186,000 shares, a decrease of 20.4% from the October 31st total of 233,800 shares. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is currently 2.3 days. Approximately 1.2% of the shares of the stock are short sold.
View Merchants Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
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Merchants Bancorp (NASDAQ:MBIN) issued its quarterly earnings data on Thursday, October, 26th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.36. The company had revenue of $153.50 million for the quarter, compared to analyst estimates of $135.55 million. Merchants Bancorp had a trailing twelve-month return on equity of 24.90% and a net margin of 24.64%.

Merchants Bancorp announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Friday, December 15th will be given a dividend of $0.08 per share on Tuesday, January 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for MBIN.

Merchants Bancorp (NASDAQ:MBIN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.93%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 6.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBIN will have a dividend payout ratio of 5.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBIN.

ETFs with the largest weight of Merchants Bancorp (NASDAQ:MBIN) stock in their portfolio include Invesco Raymond James SB-1 Equity ETF (RYJ).First Trust Small Cap Value AlphaDEX Fund (FYT).

Merchants Bancorp's stock 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 distributed 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Merchants Bancorp investors own include Intelsat (I), AMC Entertainment (AMC), Bank of America (BAC), Fossil Group (FOSL), China Unicom (Hong Kong) (CHU), Ciena (CIEN), Associated British Foods (ABF), Apollo Global Management (APO), Chaarat Gold (CGH) and Cypress Semiconductor (CY).

(MBIN) raised $101 million in an 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 acted as the underwriters for the IPO and SunTrust Robinson Humphrey was co-manager.

Merchants Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (1.47%), Valeo Financial Advisors LLC (0.60%), Bank of New York Mellon Corp (0.45%), American Century Companies Inc. (0.44%), Charles Schwab Investment Management Inc. (0.43%) and Northern Trust Corp (0.38%). Insiders that own company stock include Anne E Sellers, David N Shane, Michael F Petrie, Michael J Dunlap, Michael R Dury, Patrick D O'brien, Randall D Rogers, Susan Dehner Kucer and Terry A Oznick.
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Shares of MBIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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