MBIN Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

170.80M

-11.85%

0.940

-49.19%

169.30M

+16.05%

1.097

+17.92%

175.65M

-1.98%

1.207

+101.11%

Estimates Revision

The market is revising Upward the revenue expectations for Merchants Bancorp (MBIN) for FY2025, with the revenue forecasts being adjusted by 1.08% over the past three months. During the same period, the stock price has changed by 12.98%.

Revenue Estimates for FY2025

Revise Upward

+1.08%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.87%

In Past 3 Month

Stock Price

Go Up

+12.98%

In Past 3 Month

2 Analyst Rating

Wall Street analysts forecast MBIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBIN is 41.00 USD with a low forecast of 40.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

40.00

Averages

41.00

High

42.00

Current: 0.000

Low

40.00

Averages

41.00

High

42.00

Piper Sandler

Overweight

maintain

$41 -> $42

2025-10-30

Reason

Piper Sandler

Price Target

$41 -> $42

2025-10-30

maintain

Overweight

Reason

Piper Sandler raised the firm's price target on Merchants Bancorp to $42 from $41 and keeps an Overweight rating on the shares. The firm notes the company's Q3 results were mixed given relatively elevated NCOs and as both NPAs and substandard loans again increased. Encouragingly, Piper has greater conviction that Merchants has largely ring-fenced or exited fraud-related credits coming out of Q3 and asset quality metrics should begin to inflect favorably in early 2026.

Morgan Stanley

Equal Weight -> Attractive

upgrade

$34 -> $39

2025-09-29

Reason

Morgan Stanley

Price Target

$34 -> $39

2025-09-29

upgrade

Equal Weight -> Attractive

Reason

Morgan Stanley raised the firm's price target on Merchants Bancorp to $39 from $34 and keeps an Equal Weight rating on the shares. A steepening yield curve with lower short end rates is \"an ideal backdrop for Midcap Banks,\" says the analyst, who is upgrading the industry view to Attractive. The midcap banks group has underperformed year-to-date, setting up \"a compelling buying opportunity,\" the analyst tells investors.

Piper Sandler

Nathan Rice

Overweight

downgrade

$42 -> $41

2025-07-30

Reason

Piper Sandler

Nathan Rice

Price Target

$42 -> $41

2025-07-30

downgrade

Overweight

Reason

Piper Sandler analyst Nathan Rice lowered the firm's price target on Merchants Bancorp to $41 from $42 and keeps an Overweight rating on the shares. The firm notes Merchants Bancorp is more of a credit "show me" story following elevated LLP/NCOs in Q2 tied to previously flagged and mostly fraud impacted loans originated through brokers a few years ago, noting Merchants Bancorp ceased production via brokers in 2022. While Q3 credit costs are likely to remain elevated, particularly vs. Merchants Bancorp's much lower historical trackrecord, Piper believes asset quality should be less of an overhang starting in Q4 2025.

Morgan Stanley

Manan Gosalia

Equal Weight

downgrade

$40 -> $34

2025-07-29

Reason

Morgan Stanley

Manan Gosalia

Price Target

$40 -> $34

2025-07-29

downgrade

Equal Weight

Reason

Morgan Stanley analyst Manan Gosalia lowered the firm's price target on Merchants Bancorp to $34 from $40 and keeps an Equal Weight rating on the shares. Q2 operating EPS of 60c missed the firm's and consensus estimates as significantly higher loan losses "overshadowed a stronger quarter on fees and loans," the analyst tells investors. The firm expects the stock will remain under pressure until investors have more clarity that a bulk of the losses related to mortgage fraud are behind Merchants.

Raymond James

Daniel Tamayo

Outperform

downgrade

$41 -> $40

2025-07-29

Reason

Raymond James

Daniel Tamayo

Price Target

$41 -> $40

2025-07-29

downgrade

Outperform

Reason

Raymond James analyst Daniel Tamayo lowered the firm's price target on Merchants Bancorp to $40 from $41 and keeps an Outperform rating on the shares. With strong tangible book value growth and profitability projections and expectations for credit noise to subside, Raymond James maintains bullish stance on shares following Q2 results, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

maintain

$39 -> $40

2025-07-03

Reason

Morgan Stanley

Price Target

$39 -> $40

2025-07-03

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Merchants Bancorp to $40 from $39 and keeps an Equal Weight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.

Valuation Metrics

The current forward P/E ratio for Merchants Bancorp (MBIN.O) is 7.31, compared to its 5-year average forward P/E of 6.55. For a more detailed relative valuation and DCF analysis to assess Merchants Bancorp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

6.55

Current PE

7.31

Overvalued PE

7.56

Undervalued PE

5.53

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

2.61

Current PS

2.19

Overvalued PS

3.02

Undervalued PS

2.20

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds areBuying! The buying amount has increased 19170.47% over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

MBIN News & Events

Events Timeline

No data

News

5.0

2025-11-19NASDAQ.COM

This Stock Offers a 1.28% Yield, Trades Below Book Value, and Insiders Are Purchasing Shares

8.0

2025-11-19PRnewswire

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

5.0

2025-11-08Yahoo Finance

Michael Dury, President & CEO of Merchants Capital Corp, Increases Stake by 12% in Merchants Bancorp

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Frequently Asked Questions

What is Merchants Bancorp (MBIN) stock price today?

The current price of MBIN is 35.87 USD — it has increased 0.06 % in the last trading day.

What is Merchants Bancorp (MBIN)'s business?

Merchants Bancorp is a diversified bank holding company. The Company conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage. The Company operates through multiple segments, including Multi-family Mortgage Banking, which primarily offers multifamily housing and healthcare facility financing and servicing (through this segment it also serves as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing, which offers mortgage warehouse financing, commercial loans, and deposit services, and Banking, which offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bank of Indiana has seven depository branches located in Carmel, Indianapolis, Lynn, Spartanburg, and Richmond, Indiana.

What is the price predicton of MBIN Stock?

What is Merchants Bancorp (MBIN)'s revenue for the last quarter?

Merchants Bancorp revenue for the last quarter amounts to 153.08M USD, increased 8.81 % YoY.

What is Merchants Bancorp (MBIN)'s earnings per share (EPS) for the last quarter?

Merchants Bancorp. EPS for the last quarter amounts to 0.97 USD, decreased -17.09 % YoY.

What changes have occurred in the market's expectations for Merchants Bancorp (MBIN)'s fundamentals?

How many employees does Merchants Bancorp (MBIN). have?

Merchants Bancorp (MBIN) has 663 emplpoyees as of January 11 2026.

What is Merchants Bancorp (MBIN) market cap?

Today MBIN has the market capitalization of 1.65B USD.