About Merchants Bancorp (NASDAQ:MBIN)
Merchants Bancorp operates as a bank holding company for Merchants Bank of Indiana that provides various banking products and services in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. 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 provides a range of financial products and services to consumers and businesses, including various types of deposit products, including checking, savings, and time deposit accounts; commercial, commercial real estate, mortgage, and other consumer loan products; and letters of credit. Merchants Bancorp operates five branches comprising three branches in the Indianapolis, Indiana metropolitan area and two branches in Lynn, Indiana. The company was founded in 1990 and is headquartered in Carmel, Indiana.
Industry, Sector and Symbol
Industry State commercial banks
Trailing P/E Ratio10.65
Forward P/E Ratio10.11
Sales & Book Value
Annual Sales$142.07 million
Price / Sales4.33
Cash Flow$1.7185 per share
Price / Cash12.47
Book Value$11.36 per share
Price / Book1.89
EPS (Most Recent Fiscal Year)N/A
Return on EquityN/A
Return on AssetsN/A
Merchants Bancorp (NASDAQ:MBIN) Frequently Asked Questions
What is Merchants Bancorp's stock symbol?
Merchants Bancorp trades on the NASDAQ under the ticker symbol "MBIN."
How often does Merchants Bancorp pay dividends? What is the dividend yield for Merchants Bancorp?
Merchants Bancorp announced a quarterly dividend on Friday, February 23rd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.06 per share on Monday, April 2nd. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.05. View Merchants Bancorp's Dividend History.
How were Merchants Bancorp's earnings last quarter?
Merchants Bancorp (NASDAQ:MBIN) posted its quarterly earnings data on Thursday, February, 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to analyst estimates of $26.89 million. View Merchants Bancorp's Earnings History.
When is Merchants Bancorp's next earnings date?
What price target have analysts set for MBIN?
4 analysts have issued 12-month price targets for Merchants Bancorp's stock. Their predictions range from $20.00 to $23.00. On average, they anticipate Merchants Bancorp's stock price to reach $21.25 in the next year. View Analyst Ratings for Merchants Bancorp.
Who are some of Merchants Bancorp's key competitors?
Some companies that are related to Merchants Bancorp include Great Western Bancorp (GWB), Hilltop (HTH), ServisFirst Bancshares (SFBS), First Interstate BancSystem (FIBK), Renasant (RNST), TowneBank (TOWN), Eagle Bancorp (EGBN), Independent Bank Gr (IBTX), Independent Bank (INDB), Ameris Bancorp (ABCB), Pacific Premier Bancorp (PPBI), Banner (BANR), Heartland Financial USA (HTLF), First Busey (BUSE) and S&T Bancorp (STBA).
Who are Merchants Bancorp's key executives?
Merchants Bancorp's management team includes the folowing people:
- Mr. Michael F. Petrie, Chairman & CEO (Age 64)
- Mr. Michael J. Dunlap, Pres, COO & Director (Age 52)
- Mr. Michael R. Dury, Exec. VP & COO of P/RMIC (Age 33)
- Mr. John F. Macke, Exec. VP & CFO (Age 53)
- Mr. Bill D. Buchanan, Sr. VP & Chief Accounting Officer (Age 60)
When did Merchants Bancorp IPO?
(MBIN) raised $101 million in an initial public offering on Friday, October 27th 2017. The company issued 5,600,000 shares at $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.
When did the company's lock-up period expire?
Merchants Bancorp's lock-up period expired on Wednesday, April 25th. Merchants Bancorp had issued 6,250,000 shares in its public offering on October 27th. The total size of the offering was $100,000,000 based on an initial share price of $16.00. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.
Has Merchants Bancorp been receiving favorable news coverage?
News articles about MBIN stock have trended positive recently, according to Accern. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Merchants Bancorp earned a media sentiment score of 0.42 on Accern's scale. They also gave media headlines about the company an impact score of 43.95 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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, Scottrade, Fidelity and Charles Schwab.
What is Merchants Bancorp's stock price today?
One share of MBIN stock can currently be purchased for approximately $21.43.
How big of a company is Merchants Bancorp?
Merchants Bancorp has a market capitalization of $599.38 million and generates $142.07 million in revenue each year. The company earns $54.68 million in net income (profit) each year or $1.97 on an earnings per share basis. Merchants Bancorp employs 194 workers across the globe.
How can I contact Merchants Bancorp?
Merchants Bancorp's mailing address is 11555 NORTH MERIDIAN ST. SUITE 400, CARMEL IN, 46032. The company can be reached via phone at 317-569-7420.
MarketBeat Community Rating for Merchants Bancorp (MBIN)MarketBeat's community ratings are surveys of what our community members think about Merchants Bancorp and other stocks. Vote "Outperform" if you believe MBIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
Merchants Bancorp (NASDAQ:MBIN) Earnings History and Estimates Chart
Merchants Bancorp (NASDAQ:MBIN) Earnings Estimates
2018 EPS Consensus Estimate: $2.03
2019 EPS Consensus Estimate: $2.42
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Merchants Bancorp (NASDAQ MBIN) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/10/2018|| || || || || || || || |
|2/8/2018||Q4 2017||$0.39||$0.47||$26.89 million||$33.86 million||View||N/A|
|12/7/2017||Q3 2017||$0.46||$0.45||$26.30 million||$26.45 million||View||N/A|
Merchants Bancorp (NASDAQ:MBIN) Dividend Information
Merchants Bancorp pays an annual dividend of $0.24 per share, with a dividend yield of 1.12%. MBIN's most recent quarterly dividend payment was Monday, April 2. Merchants Bancorp pays out 12.18% of its earnings out as a dividend.
|Most Recent Dividend:||4/2/2018|
|Payout Ratio:||12.18% (Trailing 12 Months of Earnings) |
11.32% (Based on This Year's Estimates)
9.80% (Based on Next Year's Estimates)
Merchants Bancorp (NASDAQ:MBIN) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Merchants Bancorp (NASDAQ MBIN) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 21.07%
Merchants Bancorp (NASDAQ MBIN) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/27/2017||John F Macke||CFO||Buy||15,625||$16.00||$250,000.00|| |
|10/27/2017||Michael J Dunlap||Insider||Buy||1,500||$16.00||$24,000.00|| |
|10/27/2017||Sue Anne Gilroy||Director||Buy||1,562||$16.00||$24,992.00|| |
Merchants Bancorp (NASDAQ MBIN) News Headlines
Merchants Bancorp (NASDAQ:MBIN) SEC Filings
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Merchants Bancorp (NASDAQ:MBIN) Income Statement, Balance Sheet and Cash Flow Statement
Merchants Bancorp (NASDAQ MBIN) Stock Chart for Wednesday, April, 25, 2018