Merchants Bancorp (MBIN) Stock Price, News & Analysis

Company Overview

Merchants Bancorp is a diversified financial services company headquartered in Carmel, Indiana. Through its banking subsidiary, Merchants Bank of Indiana, the company provides a range of banking and specialized finance solutions to commercial and residential customers across the United States.

The company’s primary activities include multifamily mortgage banking, mortgage warehouse lending and manufactured housing finance. Its multifamily mortgage business originates and services loans for apartment communities and other residential properties, including financing supported by government-sponsored and government-insured programs. Merchants also provides warehouse lines of credit to mortgage lenders, allowing them to fund residential mortgage originations before those loans are sold or otherwise financed.

Merchants Bancorp was established in 2007 and has expanded from its Indiana banking base into a national platform serving borrowers, mortgage originators, property owners and other financial institutions. Its operations also include deposit-taking and other commercial banking services offered through Merchants Bank of Indiana.

Key Stats

• Today's Range: $48.49 to $49.51
• 50-Day Range: $48.83 to $55.55
• 52-Week Range: $30.37 to $56.87
• Volume: 140,010 shs
• Average Volume: 229,219 shs
• Market Capitalization: $2.24 billion
• P/E Ratio: 9.81
• Dividend Yield: 0.90%
• Price Target: $55.25
• Consensus Rating: Hold

Merchants Bancorp Stock Analysis - MarketRank™

Merchants Bancorp scored higher than 83% of companies evaluated by MarketBeat, and ranked 367th out of 851 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: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Merchants Bancorp has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 2 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Merchants Bancorp has a consensus price target of $55.25, representing about 13.1% upside from its current price of $48.83.

Amount of Analyst Coverage

Merchants Bancorp has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.90%

Earnings Growth

Earnings for Merchants Bancorp are expected to grow by 7.90% in the coming year, from $5.57 to $6.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Merchants Bancorp is 9.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Merchants Bancorp is 9.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.56.

Price to Book Value per Share Ratio

Merchants Bancorp has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

7.75% 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 7.68.

Change versus previous month

Short interest in Merchants Bancorp has recently decreased by 23.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Merchants Bancorp has a dividend yield of 0.90%, which is in 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 8.84%. 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 7.32% next year. This indicates that Merchants Bancorp will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 1.34

News Sentiment

Merchants Bancorp has a news sentiment score of 1.34. 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 0.65 average news sentiment score of Finance companies.

News Coverage This Week

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

Company Ownership

• Score: 1.7 / 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 $496,800.00 in company stock.

Percentage Held by Insiders

44.90% 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

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

Company Calendar

• Last Earnings: 7/28/2026
• Record date for 10/1 Dividend: 9/15/2026
• Ex-Dividend for 10/1 Dividend: 9/15/2026
• Dividend Payable: 10/01/2026
• Today: 10/14/2026
• Next Earnings (Estimated): 10/28/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:MBIN
• CIK: 1629019
• Web: www.bankmerchants.com
• Phone: (317) 569-7420
• Fax: 317-569-6481
• Employees: 735
• Year Founded: 1897

Price Target and Rating

• Average Price Target for Merchants Bancorp: $55.25
• High Price Target: $65.00
• Low Price Target: $42.00
• Potential Upside/Downside: +13.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.98
• Trailing P/E Ratio: 9.81
• Forward P/E Ratio: 8.77
• P/E Growth: N/A
• Net Income: $218.77 million
• Net Margins: 19.80%
• Pretax Margin: 23.78%
• Return on Equity: 15.29%
• Return on Assets: 1.34%

Debt

• Debt-to-Equity Ratio: 2.32
• Current Ratio: 1.21
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $1.37 billion
• Price / Sales: 1.64
• Cash Flow: $4.83 per share
• Price / Cash Flow: 10.12
• Book Value: $37.69 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 45,940,000
• Free Float: 25,312,000
• Market Cap: $2.24 billion
• Optionable: Optionable
• Beta: 1.21