MBIN
Merchants Bancorp
$
31.520
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
31.570
Open
31.400
VWAP
31.34
Vol
131.35K
Mkt Cap
1.45B
Low
31.030
Amount
4.12M
EV/EBITDA(TTM)
15.27
Total Shares
45.75M
EV
4.89B
EV/OCF(TTM)
--
P/S(TTM)
2.38
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.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q2
FY2026Q1
FY2025Q4
175.65M
-1.98%
1.207
+101.11%
169.30M
+16.05%
1.097
+17.92%
170.80M
-11.85%
0.940
-49.19%
Estimates Revision
The market is revising Downward the revenue expectations for Merchants Bancorp (MBIN) for FY2025, with the revenue forecasts being adjusted by -0.05% over the past three months. During the same period, the stock price has changed by 2.54%.
Revenue Estimates for FY2025
Revise Downward
-0.05%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward
-3.02%
In Past 3 Month
Stock Price
Go Up
+2.54%
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 40.00 USD with a low forecast of 39.00 USD and a high forecast of 41.00 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: 31.520
Low
39.00
Averages
40.00
High
41.00
Current: 31.520
Low
39.00
Averages
40.00
High
41.00
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.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Merchants Bancorp (MBIN.O) is 6.94, compared to its 5-year average forward P/E of 6.45. 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.
Fair
5Y Average PE
6.45
Current PE
6.94
Overvalued PE
7.53
Undervalued PE
5.37
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.
Strongly Overvalued
5Y Average PS
2.78
Current PS
31.52
Overvalued PS
4.99
Undervalued PS
0.56
Financials
Annual
Quarterly
FY2025Q3
YoY :
+8.81%
153.08M
Total Revenue
FY2025Q3
YoY :
-20.61%
64.58M
Operating Profit
FY2025Q3
YoY :
-10.73%
54.70M
Net Income after Tax
FY2025Q3
YoY :
-17.09%
0.97
EPS - Diluted
FY2025Q2
YoY :
-84.30%
154.95M
Free Cash Flow
FY2025Q3
YoY :
-100.00%
N/A
FCF Margin - %
FY2025Q3
YoY :
-17.96%
35.73
Net Margin - %
FY2025Q3
YoY :
-32.46%
4.64
ROIC
Trading Trends
Insider
Insiders areBuying! The selling amount has increased 557.31% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
1.1M
USD
1
Bought
0-3
2
565.0K
USD
Months
3-6
3
678.9K
USD
Months
6-9
3
381.4K
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areBuying! The buying amount has increased 19170.47% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
0.0
Volume
0
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
0
0.0
Volume
Months
0-12
1
27.3M
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders areBuying! The selling amount has increased 557.31% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
1.1M
USD
1
Bought
0-3
2
565.0K
USD
Months
3-6
3
678.9K
USD
Months
6-9
3
381.4K
USD
Months
0-12
0
0.0
USD
Months
MBIN News & Events
Events Timeline
2025-10-28 (ET)
2025-10-28
16:09:58
Merchants Bancorp Announces Q3 Earnings Per Share of 97 Cents, Exceeding Consensus Estimate of 79 Cents
2025-07-28 (ET)
2025-07-28
16:11:24
Merchants Bancorp reports Q2 EPS 60c, consensus $1.08
2025-04-28 (ET)
2025-04-28
16:14:24
Merchants Bancorp reports Q1 EPS 93c, consensus $1.28
Sign Up For More Events
Sign Up For More Events
News
5.0
11-08Yahoo FinanceMichael Dury, President & CEO of Merchants Capital Corp, Increases Stake by 12% in Merchants Bancorp
6.0
10-29BenzingaRaymond James Maintains Outperform Rating for Merchants Bancorp, Adjusts Price Target to $38
9.5
10-28PRnewswireMerchants Bancorp Reports Third Quarter 2025 Results
Sign Up For More News
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FAQ
What is Merchants Bancorp (MBIN) stock price today?
The current price of MBIN is 31.52 USD — it has increased 0.22 % in the last trading day.
What is Merchants Bancorp (MBIN)'s business?
What is the price predicton of MBIN Stock?
What is Merchants Bancorp (MBIN)'s revenue for the last quarter?
What is Merchants Bancorp (MBIN)'s earnings per share (EPS) for the last quarter?
What changes have occurred in the market's expectations for Merchants Bancorp (MBIN)'s fundamentals?
How many employees does Merchants Bancorp (MBIN). have?