Merchants Bancorp (MBIN) Stock Price, News & Analysis

Company Overview

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and provides specialized banking and finance services to commercial and institutional customers across the United States.

The company’s principal activities include multifamily mortgage banking, healthcare real estate finance and mortgage warehouse lending. Its multifamily business provides financing for apartment properties, including government-supported and conventional transactions. Through its healthcare finance operations, Merchants supports real estate owners and operators in areas such as skilled nursing, senior housing and other healthcare-related properties. Its mortgage warehouse business provides revolving credit facilities to mortgage lenders, enabling them to fund residential loan originations before those loans are sold or securitized.

Merchants Bancorp also offers traditional banking products and related financial services through its banking subsidiary. The company is led by founder Michael R. Dury, who serves as chairman and chief executive officer. Its specialized lending model and nationwide customer base distinguish it from a traditional community bank.

Key Stats

• Today's Range: $51.14 to $52.29
• 50-Day Range: $46.67 to $55.72
• 52-Week Range: $30.37 to $56.87
• Volume: 116,359 shs
• Average Volume: 227,781 shs
• Market Capitalization: $2.36 billion
• P/E Ratio: 10.32
• Dividend Yield: 0.86%
• Price Target: $55.50
• Consensus Rating: Moderate Buy

Merchants Bancorp Stock Analysis - MarketRank™

Merchants Bancorp scored higher than 67% of companies evaluated by MarketBeat, and ranked 550th out of 835 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: 3.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Merchants Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 1 strong buy rating, 2 buy ratings, 2 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Merchants Bancorp is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Merchants Bancorp has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.53%

Earnings Growth

Earnings for Merchants Bancorp are expected to grow by 7.53% in the coming year, from $5.58 to $6.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Merchants Bancorp is 10.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Merchants Bancorp is 10.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.23.

Price to Book Value per Share Ratio

Merchants Bancorp has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.18% 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 13.88, which indicates bearish sentiment.

Change versus previous month

Short interest in Merchants Bancorp has recently increased by 7.87%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

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 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 7.33% next year. This indicates that Merchants Bancorp will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.51

News Sentiment

Merchants Bancorp has a news sentiment score of 0.51. 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 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Merchants Bancorp this week, compared to 3 articles on an average week.

Search Interest

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

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

• Record date for 7/1 Dividend: 6/15/2026
• Ex-Dividend for 7/1 Dividend: 6/15/2026
• Dividend Payable: 7/01/2026
• Last Earnings: 7/28/2026
• Record date for 10/1 Dividend: 9/15/2026
• Ex-Dividend for 10/1 Dividend: 9/15/2026
• Today: 9/23/2026
• Dividend Payable: 10/01/2026
• Next Earnings (Estimated): 10/27/2026
• 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: $55.50
• High Price Target: $65.00
• Low Price Target: $42.00
• Potential Upside/Downside: +8.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.98
• Trailing P/E Ratio: 10.32
• Forward P/E Ratio: 9.21
• 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: $709.19 million
• Price / Sales: 3.33
• Cash Flow: $4.75 per share
• Price / Cash Flow: 10.81
• Book Value: $37.69 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 45,938,000
• Free Float: 25,312,000
• Market Cap: $2.36 billion
• Optionable: Optionable
• Beta: 1.14