Merchants Bancorp (MBIN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merchants Bancorp in the last year. 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.
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2 analysts have issued 1 year price objectives for Merchants Bancorp's stock. Their MBIN share price forecasts range from $31.00 to $38.00. On average, they predict the company's share price to reach $34.50 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for MBIN or view top-rated stocks among Wall Street analysts.

Merchants Bancorp's stock was trading at $24.32 on January 1st, 2023. Since then, MBIN stock has increased by 12.5% and is now trading at $27.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MBIN earnings forecast.

Merchants Bancorp (NASDAQ:MBIN) posted its quarterly earnings results on Thursday, April, 27th. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.13 by $0.06. The company had revenue of $114.96 million for the quarter, compared to the consensus estimate of $117.65 million. Merchants Bancorp had a net margin of 31.11% and a trailing twelve-month return on equity of 23.98%.

Merchants Bancorp declared a quarterly dividend on Thursday, May 18th. Investors of record on Thursday, June 15th will be paid a dividend of $0.08 per share on Monday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MBIN.

ETFs with the largest weight of Merchants Bancorp (NASDAQ:MBIN) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco Raymond James SB-1 Equity ETF (RYJ), Royce Quant Small-Cap Quality Value ETF (SQLV), Invesco DWA SmallCap Momentum ETF (DWAS), Timothy Plan US Small Cap Core ETF (TPSC), WisdomTree U.S. SmallCap Fund (EES), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Merchants Bancorp (NASDAQ:MBIN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.17%. 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 7.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBIN will have a dividend payout ratio of 6.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBIN.

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 created shares were payable 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.

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 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.

Merchants Bancorp trades on the NASDAQ under the ticker symbol "MBIN."

Merchants Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.37%), Basswood Capital Management L.L.C. (1.70%), Dimensional Fund Advisors LP (1.32%), JPMorgan Chase & Co. (1.18%), Geode Capital Management LLC (1.01%) and State Street Corp (0.86%). 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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One share of MBIN stock can currently be purchased for approximately $27.35.

Merchants Bancorp (NASDAQ:MBIN) has a market capitalization of $1.18 billion and generates $606.77 million in revenue each year. The company earns $219.72 million in net income (profit) each year or $4.52 on an earnings per share basis.

The company employs 481 workers across the globe.

Merchants Bancorp's mailing address is 410 MONON BLVD, CARMEL IN, 46032. The official website for the company is www.merchantsbankofindiana.com. The company can be reached via phone at (317) 569-7420, via email at tdurle@merchantsbankofindiana.com, or via fax at 317-569-6481.