Michael Dury, President & CEO of Merchants Capital Corp, Increases Stake by 12% in Merchants Bancorp
Insider Purchases: Michael Dury, President & CEO of Merchants Capital Corp, recently purchased US$490k worth of Merchants Bancorp shares, increasing his holdings by 12%, following a previous purchase of US$505k worth of shares earlier this year.
Confidence in Company: The insider purchases, made at prices above the current share price, suggest confidence in the company's future, as insiders have not sold any shares in the past year.
High Insider Ownership: Insiders own 36% of Merchants Bancorp, valued at approximately US$522 million, indicating alignment with shareholder interests and potentially positive management outlook.
Investment Considerations: While insider activity is encouraging, the article emphasizes the importance of considering future performance and suggests exploring other investment opportunities as well.
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- Investigation Launched: The Schall Law Firm has announced an investigation into Merchants Bancorp, focusing on whether the company issued false or misleading statements and failed to disclose information critical to investors, potentially impacting shareholder rights.
- False Deposit Growth Claims: Prior to the release of its Q1 2026 financial results, Merchants Bancorp claimed “strong deposit growth,” yet the results revealed a nearly 50% year-over-year drop in brokered deposits, starkly contradicting earlier assertions.
- Stock Price Decline: Following the negative news from the financial report, shares of Merchants Bancorp fell by 9.3%, indicating market concerns regarding the company's financial health and potentially eroding investor confidence.
- Shareholder Rights Protection: The Schall Law Firm encourages affected shareholders to reach out for a free discussion of their rights, emphasizing the importance of protecting investor interests and potentially leading to further legal actions.
- Earnings Beat: Merchants Bancorp's Q1 2026 earnings report indicated a headline beat; however, the underlying reality was marred by a nearly 50% year-over-year drop in brokered deposits, which severely impacted investor confidence in the sustainability of the company's earnings.
- Deposit Decline: The sharp decline in brokered deposits directly affected the bank's funding sources, leading to a swift market reaction where MBIN shares fell 9.3% post-earnings release, reflecting investor concerns about the company's future profitability.
- Rising Funding Costs: Concurrently, the company's cost of funds increased materially, exacerbating investor anxiety, particularly given the prior emphasis on
- Earnings Growth: Merchants Bancorp reported Q1 earnings of $1.25 per diluted share, up from $0.93 in the same period last year, indicating a robust performance and improved profitability in the market.
- Market Reaction: This earnings growth may bolster investor confidence, potentially driving up the stock price and further solidifying the company's position in the financial services sector.
- Strategic Implications: With enhanced profitability, Merchants Bancorp is likely to increase investments in new business ventures and market expansion, thereby strengthening its competitive edge.
- Financial Health: The sustained earnings growth reflects a strong financial position, enabling the company to provide higher returns to shareholders while also funding future expansions and innovations.
- New Position: Elser Financial Planning acquired 26,983,101 shares of Merchants Bancorp in Q1 2026, with an estimated transaction value of $1.10 billion, indicating strong confidence in the company as this position represents 57.2% of its assets under management.
- Quarter-End Valuation: As of April 15, 2026, the new position in Merchants Bancorp was valued at $1.18 billion, reflecting both share purchases and price movements, highlighting the company's robust performance in the multi-family mortgage banking sector.
- Stock Performance: Merchants Bancorp's stock price increased by 46.3% over the past year, outperforming the S&P 500 by 18.61 percentage points, demonstrating its competitive edge and investment appeal in the market.
- Dividend Increase: Merchants announced a 10% increase in its common stock dividend in February, and while its yield stands at 0.87%, the strong fundamentals and stock price appreciation provide investors with significant return potential.
- Large Acquisition: Elser Financial Planning acquired 26,983,101 shares of Merchants Bancorp in Q1 2026, with an estimated transaction value of $1.10 billion, indicating strong confidence in the bank's prospects.
- Significant Asset Share: This acquisition represents 57.21% of Elser Financial Planning's 13F reportable assets, highlighting the importance of Merchants Bancorp in their investment portfolio.
- Outstanding Stock Performance: Merchants Bancorp's shares have surged over 40% in 2026 and increased by 46.3% over the past year, significantly outperforming the S&P 500 by 18.61 percentage points, demonstrating robust market performance.
- Dividend Increase: Merchants Bancorp announced a 10% increase in its common stock dividend in February, and while its yield may be lower compared to other banks, the strong fundamentals and stock price gains have provided substantial returns for investors.
- New Investment Position: Elser Financial Planning disclosed a new position in Merchants Bancorp by acquiring 26,983,101 shares in Q1 2026, with an estimated transaction value of $1.1 billion, indicating strong confidence in the company.
- Asset Management Significance: This acquisition represents 57.2% of Elser's reportable assets under management, highlighting Merchants Bancorp's critical role and potential for growth within their investment portfolio.
- Stock Performance: As of April 15, 2026, Merchants Bancorp's shares were priced at $46.86, reflecting a 46.3% increase over the past year, outperforming the S&P 500 by 18.61 percentage points, showcasing its strong market performance.
- Dividend Increase: Merchants Bancorp announced a 10% increase in its common stock dividend in February, and while the yield is relatively low, the robust fundamentals and stock price appreciation provide a favorable outlook for investors.











