MBIN
Merchants Bancorp NASDAQ Listed Oct 27, 2017$49.09
+0.64%
vs $48.78
Mkt Cap $2.3B
52w Low $29.18
95.1% of range
52w High $50.11
50d MA $47.39
200d MA $39.13
P/E (TTM)
13.0x
EV/EBITDA
5.5x
P/B
1.0x
Debt/Equity
1.7x
ROE
9.6%
P/FCF
-6.0x
RSI (14)
59.30
ATR (14)
$1.43
Beta
1.16
50d MA
$47.39
200d MA
$39.13
Avg Volume
122.5K
Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. 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, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
410 Monon Boulevard · Carmel, IN 46032 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | AMC | 1.16 | 1.25 | +7.8% | 49.63 | -0.3% | -9.3% | +3.4% | +0.1% | -1.5% | +0.2% | — |
| Jan 28, 2026 | AMC | 0.94 | 1.28 | +36.2% | 34.95 | +6.8% | +15.7% | +2.5% | +2.8% | -1.4% | +1.7% | — |
| Oct 28, 2025 | AMC | 0.79 | 0.97 | +22.8% | 32.39 | +3.4% | -2.0% | -1.5% | -0.3% | +0.6% | +0.4% | — |
| Jul 28, 2025 | AMC | 1.12 | 0.60 | -46.4% | 35.06 | -3.8% | -10.8% | -0.7% | -5.6% | -0.4% | +3.5% | — |
| Apr 28, 2025 | AMC | 1.25 | 0.93 | -25.6% | 33.60 | -10.0% | -8.6% | -2.0% | +2.1% | +1.9% | -0.7% | — |
| Jan 28, 2025 | AMC | 1.30 | 1.85 | +42.3% | 39.76 | +8.3% | +6.5% | +0.5% | -1.5% | -2.6% | +2.8% | — |
| Oct 28, 2024 | AMC | 1.42 | 1.17 | -17.6% | 43.89 | -6.2% | -17.9% | -0.2% | +2.7% | -1.7% | +0.1% | — |
| Jul 29, 2024 | AMC | 1.57 | 1.49 | -5.1% | 52.10 | -4.0% | -15.0% | +1.7% | -4.8% | -4.8% | -3.0% | — |
| Apr 29, 2024 | AMC | 1.37 | 1.80 | +31.4% | 39.27 | +1.9% | +2.7% | +3.1% | +3.4% | +6.6% | +2.1% | — |
| Jan 29, 2024 | AMC | 1.44 | 1.58 | +9.7% | 43.92 | +5.7% | +4.4% | -4.6% | -3.6% | -2.4% | -3.3% | — |
| Oct 26, 2023 | AMC | 1.32 | 1.68 | +27.3% | 26.62 | +5.5% | +10.1% | +1.2% | +0.7% | +1.8% | +3.4% | — |
| Jul 27, 2023 | AMC | 1.23 | 1.31 | +6.5% | 30.16 | +1.4% | +1.9% | +2.9% | +0.2% | -1.6% | -0.1% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $42.28 | $42.03 | -0.6% | +2.6% | -0.7% | -1.3% | -1.7% | -0.6% |
| Jan 30 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $40.44 | $40.37 | -0.2% | +2.5% | +2.8% | -1.4% | +1.7% | -1.4% |
| Oct 30 | Piper Sandler | Maintains | Overweight → Overweight | — | $31.75 | $31.80 | +0.2% | -1.5% | -0.3% | +0.6% | +0.4% | +1.6% |
| Oct 29 | Raymond James | Maintains | Outperform → Outperform | — | $32.39 | $33.49 | +3.4% | -2.0% | -1.5% | -0.3% | +0.6% | +0.4% |
| Sep 29 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $32.05 | $32.13 | +0.2% | -0.1% | -0.7% | +0.5% | +0.0% | +0.6% |
| Jul 30 | Piper Sandler | Maintains | Overweight → Overweight | — | $31.26 | $31.21 | -0.2% | -0.7% | -5.6% | -0.4% | +3.5% | +2.0% |
| Jul 29 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $35.06 | $33.74 | -3.8% | -10.8% | -0.7% | -5.6% | -0.4% | +3.5% |
| Jul 29 | Raymond James | Maintains | Outperform → Outperform | — | $35.06 | $33.74 | -3.8% | -10.8% | -0.7% | -5.6% | -0.4% | +3.5% |
| Apr 29 | Raymond James | Maintains | Outperform → Outperform | — | $33.60 | $30.25 | -10.0% | -8.6% | -2.0% | +2.1% | +1.9% | -0.7% |
| Apr 2 | Raymond James | Maintains | Outperform → Outperform | — | $36.84 | $36.35 | -1.3% | +0.9% | -9.4% | -0.7% | -0.2% | -0.4% |
| Mar 13 | Morgan Stanley | Maintains | Equal Weight → Equal Weight | — | $36.60 | $36.58 | -0.1% | +0.1% | +3.5% | +1.0% | -0.2% | +2.0% |
| Jan 30 | Piper Sandler | Maintains | Overweight → Overweight | — | $42.35 | $43.14 | +1.9% | +0.5% | -1.5% | -2.6% | +2.8% | +2.1% |
| Jan 30 | Raymond James | Maintains | Outperform → Outperform | — | $42.35 | $43.14 | +1.9% | +0.5% | -1.5% | -2.6% | +2.8% | +2.1% |
| Nov 26 | Piper Sandler | Maintains | Overweight → Overweight | — | $41.42 | $41.41 | -0.0% | +0.6% | -0.8% | -0.1% | -0.9% | -2.2% |
| Oct 30 | Piper Sandler | Maintains | Overweight → Overweight | — | $36.03 | $36.00 | -0.1% | -0.2% | +2.7% | -1.7% | +0.1% | +1.8% |
| Oct 29 | Raymond James | Maintains | Outperform → Outperform | — | $43.89 | $41.18 | -6.2% | -17.9% | -0.2% | +2.7% | -1.7% | +0.1% |
| Jul 30 | Raymond James | Downgrade | Strong Buy → Outperform | — | $52.10 | $50.00 | -4.0% | -15.0% | +1.7% | -4.8% | -4.8% | -3.0% |
| May 17 | Piper Sandler | Maintains | Overweight → Overweight | — | $42.84 | $42.28 | -1.3% | -0.1% | -0.7% | -1.3% | -0.9% | -2.4% |
| May 15 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $42.62 | $42.88 | +0.6% | +1.0% | -0.5% | -0.1% | -0.7% | -1.3% |
| May 3 | Piper Sandler | Maintains | Overweight → Overweight | — | $43.02 | $44.27 | +2.9% | +6.6% | +2.1% | +0.3% | +0.1% | +0.8% |
| Jan 30 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $43.92 | $46.43 | +5.7% | +4.4% | -4.6% | -3.6% | -2.4% | -3.3% |
| Oct 30 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $29.31 | $29.50 | +0.6% | +1.2% | +0.7% | +1.8% | +3.4% | -0.9% |
| Jul 31 | Piper Sandler | Maintains | Overweight → Overweight | — | $30.73 | $31.05 | +1.0% | +2.9% | +0.2% | -1.6% | -0.1% | -0.3% |
| Jul 31 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $30.73 | $31.05 | +1.0% | +2.9% | +0.2% | -1.6% | -0.1% | -0.3% |
| May 1 | Piper Sandler | Maintains | Overweight → Overweight | — | $23.20 | $23.37 | +0.7% | +2.0% | -2.8% | +0.7% | -3.8% | +5.2% |
| Feb 28 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $30.04 | $30.31 | +0.9% | +0.7% | +0.8% | -0.1% | -0.1% | -1.2% |
| Jan 31 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $26.36 | $27.39 | +3.9% | +9.1% | +4.4% | +3.6% | -1.1% | -0.6% |
| Oct 6 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $24.18 | $23.99 | -0.8% | -2.0% | -1.3% | -0.9% | +0.4% | +0.0% |
| Sep 28 | Piper Sandler | Maintains | Overweight → Overweight | — | $23.68 | $23.70 | +0.1% | -0.7% | -2.8% | +0.9% | +2.8% | +4.0% |
| Aug 1 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $26.46 | $26.57 | +0.4% | +1.8% | +1.5% | +1.3% | +0.0% | -1.6% |
| May 2 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $23.52 | $23.68 | +0.7% | -0.1% | +1.3% | +1.3% | -3.9% | -0.7% |
| Nov 2 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $30.40 | $30.48 | +0.3% | +1.9% | +1.1% | -0.2% | +2.4% | -0.8% |
| Aug 26 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $23.63 | $23.58 | -0.2% | -0.6% | +3.4% | -0.5% | +1.2% | -0.5% |
| Feb 1 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $19.88 | $20.33 | +2.3% | +7.0% | +1.4% | -0.5% | +0.6% | -0.3% |
| Dec 7 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $17.89 | $18.09 | +1.1% | +1.1% | +0.7% | +1.5% | +2.2% | +0.2% |
| Sep 29 | Piper Sandler | Maintains | Overweight → Overweight | — | $13.33 | $13.39 | +0.5% | -1.0% | -0.5% | +1.3% | +0.5% | +3.4% |
| Aug 25 | Truist | Maintains | Buy → Buy | — | $13.40 | $13.47 | +0.5% | +1.2% | -0.7% | +0.4% | +0.8% | -0.4% |
| Jul 29 | Piper Sandler | Maintains | Overweight → Overweight | — | $11.43 | $11.97 | +4.7% | +10.6% | +0.9% | -3.6% | +2.4% | -0.1% |
| May 19 | SunTrust Robinson Humphrey | Maintains | Buy → Buy | — | $10.34 | $10.23 | -1.1% | -1.5% | +4.7% | +0.3% | +6.2% | +7.2% |
| Feb 3 | Raymond James | Maintains | Outperform → Outperform | — | $13.12 | $13.17 | +0.4% | +1.4% | +0.2% | +3.8% | -1.2% | +1.6% |
| Aug 29 | Raymond James | Maintains | Outperform → Outperform | — | $10.43 | $10.43 | +0.0% | +2.2% | -0.8% | -2.3% | +0.4% | +4.0% |
| Jul 11 | Stephens & Co. | Downgrade | Overweight → Equal Weight | — | $18.85 | $18.50 | -1.9% | -2.1% | -1.6% | -0.7% | +1.4% | -0.2% |
| Nov 21 | Raymond James | Maintains | Outperform → Outperform | — | $11.79 | $11.79 | +0.0% | -0.8% | +0.7% | +0.7% | +0.2% | -0.3% |
| Nov 21 | Sandler O'Neill | Maintains | Buy → Buy | — | $11.79 | $11.79 | +0.0% | -0.8% | +0.7% | +0.7% | +0.2% | -0.3% |
| Nov 21 | Stephens & Co. | Maintains | Overweight → Overweight | — | $11.79 | $11.79 | +0.0% | -0.8% | +0.7% | +0.7% | +0.2% | -0.3% |
| Nov 21 | SunTrust Robinson Humphrey | Maintains | Buy → Buy | — | $11.79 | $11.79 | +0.0% | -0.8% | +0.7% | +0.7% | +0.2% | -0.3% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| May 6, 2026 | Petrie Michael F. | Chairman and CEO | Sell | 8,334 | $46.86 | $391K | 1,864,994 | -0.98% | -0.04% |
| May 5, 2026 | Petrie Michael F. | Chairman and CEO | Sell | 10,696 | $46.75 | $500K | 736,013 | -0.98% | -0.04% |
| May 5, 2026 | Petrie Michael F. | Chairman and CEO | Sell | 20,000 | $46.75 | $935K | 1,873,328 | -0.98% | -0.04% |
8-K
FARMERS & MERCHANTS BANCORP -- 8-K Filing
May 13
8-K · 8.01
!! High
Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value -- 8-K 8.01: Material Event / Announcement
Merchants Bancorp will pay preferred stock dividends on April 1, 2026, to shareholders of record as of March 13, 2026, providing income to preferred stockholders.
Feb 19
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Elser Financial Planning, Inc | 26,983,101 | $1.2B | New | Mar 2026 |
| 2 | Vanguard Capital Management Llc | 1,000,776 | $43M | New | Mar 2026 |
| 3 | Vanguard Portfolio Management Llc | 464,663 | $20M | New | Mar 2026 |
| 4 | Morgan Stanley | 509,558 | $17M | Added | Dec 2025 |
| 5 | Northern Trust Corp | 287,093 | $12M | Added | Mar 2026 |
| 6 | Bank Of New York Mellon Corp | 236,146 | $10M | Added | Mar 2026 |
| 7 | Royal Bank Of Canada | 212,852 | $9M | Added | Mar 2026 |
| 8 | Banc Funds Co Llc | 244,462 | $8M | Reduced | Dec 2025 |
| 9 | Invesco Ltd. | 155,067 | $7M | Added | Mar 2026 |
| 10 | First Trust Advisors Lp | 116,355 | $5M | Reduced | Mar 2026 |
| 11 | Sei Investments Co | 108,975 | $5M | Added | Mar 2026 |
| 12 | Franklin Resources Inc | 107,571 | $5M | Added | Mar 2026 |
| 13 | Bank Of America Corp /de/ | 106,357 | $5M | Added | Mar 2026 |
| 14 | Russell Investments Group, Ltd. | 85,842 | $4M | Reduced | Mar 2026 |
| 15 | Ubs Group Ag | 80,275 | $3M | Added | Mar 2026 |
| 16 | State Board Of Administration Of Florida Retirement System | 57,240 | $2M | New | Mar 2026 |
| 17 | Renaissance Technologies Llc | 49,089 | $2M | Added | Mar 2026 |
| 18 | Nuveen, Llc | 47,878 | $2M | Added | Mar 2026 |
| 19 | Raymond James Financial Inc | 43,403 | $2M | Reduced | Mar 2026 |
| 20 | Two Sigma Investments, Lp | 41,621 | $2M | Reduced | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$2.26B
Enterprise Value
$1.46B
P/E (TTM)
12.99x
Forward P/E
9.39x
PEG Ratio
-0.18x
P/B
0.99x
P/S
1.65x
P/FCF
-5.99x
EV/EBITDA
5.45x
Shares Out
45.9M
Financials (TTM)
Revenue
$1.37B
Net Income
$218.8M
EBITDA
$267.3M
Free Cash Flow
-$376.7M
Op Cash Flow
-$341.2M
EPS Basic
$3.78
EPS Diluted
$3.78
EPS Forward
$5.23
Gross Margin
41.3%
Op Margin
19.3%
Net Margin
16.0%
Balance Sheet
Total Assets
$19.45B
Total Liab.
$17.17B
Total Equity
$2.28B
Cash
$880.9M
LT Debt
$82.6M
Book Value/Sh
$49.72
Debt/Equity
1.68x
Current Ratio
3.17
Quick Ratio
3.17
Returns & Growth
ROE
9.6%
ROA
1.1%
ROIC
1.8%
Rev Growth YoY
-5.7%
EPS Growth YoY
-40.2%
Price Returns
2W
+4.6%
1M
+1.3%
3M
+11.5%
6M
+44.2%
12M
+47.2%
Technicals
52W High
$50.11
52W Low
$29.18
50d MA
$47.39
200d MA
$39.13
RSI (14)
59.30
ATR (14)
$1.43
Beta
1.16
Avg Volume
123K
Dividends
Div Rate
$1.30
Div Yield
2.8%
Frequency
4
Ex-Div Date
Mar 13, 2026
Analyst Price Targets
Consensus
$54.50
High
$58.00
Low
$51.00
Median
$54.50
Data updated apr 25, 2026 8:46pm
· Source: financialmodelingprep.com