Merchants Bancorp (NASDAQ:MBIN) Receives Average Recommendation of “Moderate Buy” from Analysts

Posted by Stanley Muller on Sep 22nd, 2026

Merchants Bancorp (NASDAQ:MBIN – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $55.50.

Several brokerages recently issued reports on MBIN. Morgan Stanley set a $65.00 price objective on Merchants Bancorp and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Zacks Research upgraded Merchants Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Raymond James Financial downgraded Merchants Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Piper Sandler reissued an “overweight” rating and issued a $64.00 price target on shares of Merchants Bancorp in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Merchants Bancorp in a research report on Friday, July 31st.

Read Our Latest Research Report on Merchants Bancorp

Insider Activity

In other Merchants Bancorp news, Director Julia Kaercher sold 9,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $55.20, for a total transaction of $496,800.00. Following the sale, the director directly owned 727,103 shares of the company’s stock, valued at $40,136,085.60. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 44.90% of the stock is owned by corporate insiders.

Institutional Trading of Merchants Bancorp

A number of hedge funds have recently bought and sold shares of MBIN. BlackRock Inc. purchased a new stake in Merchants Bancorp in the 2nd quarter worth approximately $205,260,000. Dimensional Fund Advisors LP lifted its stake in shares of Merchants Bancorp by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,758,985 shares of the company’s stock worth $75,476,000 after purchasing an additional 102,087 shares during the period. Basswood Capital Management L.L.C. purchased a new position in shares of Merchants Bancorp during the 2nd quarter worth $13,687,000. Bank of New York Mellon Corp boosted its stake in Merchants Bancorp by 43.7% in the 1st quarter. Bank of New York Mellon Corp now owns 236,146 shares of the company’s stock worth $10,133,000 after buying an additional 71,775 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Merchants Bancorp by 3.3% during the 1st quarter. Royal Bank of Canada now owns 212,852 shares of the company’s stock worth $9,134,000 after buying an additional 6,899 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Trading Up 0.5%

NASDAQ:MBIN opened at $52.35 on Tuesday. Merchants Bancorp has a 52-week low of $30.37 and a 52-week high of $56.87. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $52.59 and a 200-day simple moving average of $48.56. The company has a market capitalization of $2.40 billion, a PE ratio of 10.51 and a beta of 1.14.

Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.26. The company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $179.00 million. Merchants Bancorp had a net margin of 19.80% and a return on equity of 15.29%. On average, equities research analysts expect that Merchants Bancorp will post 5.58 earnings per share for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 15th. Merchants Bancorp’s dividend payout ratio is 8.84%.

About Merchants Bancorp

(Get Free Report)

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and provides specialized banking and finance services to commercial and institutional customers across the United States.

The company’s principal activities include multifamily mortgage banking, healthcare real estate finance and mortgage warehouse lending. Its multifamily business provides financing for apartment properties, including government-supported and conventional transactions.