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NASDAQ:MBIN

Merchants Bancorp Stock Forecast, Price & News

$21.05
+0.04 (+0.19 %)
(As of 09/17/2020 12:00 AM ET)
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Today's Range
$20.77
Now: $21.05
$21.08
50-Day Range
$18.43
MA: $19.84
$21.01
52-Week Range
$12.37
Now: $21.05
$21.90
Volume35,909 shs
Average Volume36,878 shs
Market Capitalization$605.10 million
P/E Ratio5.91
Dividend Yield1.52%
Beta1.03
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products comprising checking, savings, and time deposit accounts; commercial, commercial real estate, mortgage, and other consumer loan products; and letters of credit, as well as engages in the retail banking, agricultural lending, single family mortgage lending, small business administration lending, and correspondent lending and servicing businesses. It operates 14 offices. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.7Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MBIN
CUSIPN/A
Phone317-569-7420

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$259.08 million
Cash Flow$2.86 per share
Book Value$15.36 per share

Profitability

Net Income$77.33 million

Miscellaneous

Employees259
Market Cap$605.10 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$21.05
+0.04 (+0.19 %)
(As of 09/17/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Merchants Bancorp (NASDAQ:MBIN) Frequently Asked Questions

How has Merchants Bancorp's stock been impacted by Coronavirus (COVID-19)?

Merchants Bancorp's stock was trading at $15.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MBIN stock has increased by 31.8% and is now trading at $21.05.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Merchants Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merchants Bancorp in the last year. There are currently 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Merchants Bancorp
.

When is Merchants Bancorp's next earnings date?

Merchants Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Merchants Bancorp
.

How were Merchants Bancorp's earnings last quarter?

Merchants Bancorp (NASDAQ:MBIN) released its quarterly earnings results on Wednesday, July, 29th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.83. The firm earned $77.42 million during the quarter, compared to the consensus estimate of $52.81 million. Merchants Bancorp had a return on equity of 25.60% and a net margin of 34.98%.
View Merchants Bancorp's earnings history
.

How often does Merchants Bancorp pay dividends? What is the dividend yield for Merchants Bancorp?

Merchants Bancorp declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.08 per share on Thursday, October 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, September 14th.
View Merchants Bancorp's dividend history
.

What price target have analysts set for MBIN?

3 equities research analysts have issued 1-year target prices for Merchants Bancorp's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Merchants Bancorp's stock price to reach $20.33 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Merchants Bancorp
.

Are investors shorting Merchants Bancorp?

Merchants Bancorp saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 75,600 shares, an increase of 27.9% from the August 15th total of 59,100 shares. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the company's stock are short sold.
View Merchants Bancorp's Short Interest
.

Who are some of Merchants Bancorp's key competitors?

What other stocks do shareholders of Merchants Bancorp own?

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).

Who are Merchants Bancorp's key executives?

Merchants Bancorp's management team includes the following people:
  • Mr. Michael F. Petrie, Chairman, CEO & Sec. (Age 65)
  • Mr. Michael J. Dunlap, Pres, COO & Director (Age 53)
  • Mr. Michael R. Dury, Exec. VP & COO of P/RMIC (Age 34)
  • Mr. John F. Macke, Exec. VP, CFO & Chief Accounting Officer (Age 54)
  • Tami Durle, Mang. SEC Reporting

When did Merchants Bancorp IPO?

(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 served as the underwriters for the IPO and SunTrust Robinson Humphrey was co-manager.

What is Merchants Bancorp's stock symbol?

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

Who are Merchants Bancorp's major shareholders?

Merchants Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (1.02%), Baird Financial Group Inc. (0.73%), Bank of New York Mellon Corp (0.43%), BHZ Capital Management LP (0.41%), Charles Schwab Investment Management Inc. (0.32%) and Mackay Shields LLC (0.31%). Company insiders that own Merchants Bancorp stock include Michael R Dury and Patrick D O'brien.
View institutional ownership trends for Merchants Bancorp
.

Which major investors are selling Merchants Bancorp stock?

MBIN stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, BHZ Capital Management LP, Bank of New York Mellon Corp, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Bessemer Group Inc., First Trust Advisors LP, and UBS Group AG.
View insider buying and selling activity for Merchants Bancorp
.

Which major investors are buying Merchants Bancorp stock?

MBIN stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., California Public Employees Retirement System, Russell Investments Group Ltd., Valeo Financial Advisors LLC, Charles Schwab Investment Management Inc., Wedge Capital Management L L P NC, Mackay Shields LLC, and Bank of America Corp DE. Company insiders that have bought Merchants Bancorp stock in the last two years include Michael R Dury, and Patrick D O'brien.
View insider buying and selling activity for Merchants Bancorp
.

How do I buy shares of Merchants Bancorp?

Shares of MBIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Merchants Bancorp's stock price today?

One share of MBIN stock can currently be purchased for approximately $21.05.

How big of a company is Merchants Bancorp?

Merchants Bancorp has a market capitalization of $605.10 million and generates $259.08 million in revenue each year. The company earns $77.33 million in net income (profit) each year or $2.37 on an earnings per share basis. Merchants Bancorp employs 259 workers across the globe.

What is Merchants Bancorp's official website?

The official website for Merchants Bancorp is www.merchantsbankofindiana.com.

How can I contact Merchants Bancorp?

Merchants Bancorp's mailing address is 410 MONON BLVD, CARMEL IN, 46032. The company can be reached via phone at 317-569-7420.

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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