Merchants Bancorp (NASDAQ:MBIN) Price Target Cut to $63.00 by Analysts at Piper Sandler

Posted by George Bondi on Oct 6th, 2026

Merchants Bancorp (NASDAQ:MBIN – Free Report) had its price target trimmed by Piper Sandler from $64.00 to $63.00 in a research report report published on Monday morning, Marketbeat reports. The brokerage currently has an overweight rating on the stock.

MBIN has been the topic of a number of other research reports. Raymond James Financial downgraded shares of Merchants Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Morgan Stanley set a $65.00 target price on shares of Merchants Bancorp and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Merchants Bancorp in a report on Friday, July 31st. Finally, Zacks Research cut Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.25.

Check Out Our Latest Report on Merchants Bancorp

Merchants Bancorp Stock Down 0.5%

MBIN opened at $49.72 on Monday. The company has a market capitalization of $2.28 billion, a PE ratio of 9.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.21 and a quick ratio of 0.89. Merchants Bancorp has a fifty-two week low of $30.37 and a fifty-two week high of $56.87. The business has a 50-day moving average of $53.00 and a 200-day moving average of $49.18.

Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.22 by $0.26. The business had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $179.00 million. Merchants Bancorp had a return on equity of 15.29% and a net margin of 19.80%. Equities research analysts forecast that Merchants Bancorp will post 5.57 EPS for the current fiscal year.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 15th. Merchants Bancorp’s dividend payout ratio is presently 8.84%.

Insiders Place Their Bets

In other Merchants Bancorp news, Director Julia Kaercher sold 9,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $55.20, for a total value of $496,800.00. Following the sale, the director directly owned 727,103 shares in the company, 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 SEC, which is available at the SEC website. 44.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NBH Bank acquired a new stake in Merchants Bancorp during the second quarter worth about $113,000. Gamco Investors INC. ET AL acquired a new position in Merchants Bancorp in the 1st quarter valued at approximately $215,000. Fifth Third Bancorp acquired a new position in Merchants Bancorp in the 1st quarter valued at approximately $270,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Merchants Bancorp in the 1st quarter worth approximately $287,000. Finally, Jupiter Topco LLC bought a new stake in shares of Merchants Bancorp in the 2nd quarter worth approximately $354,000. Institutional investors and hedge funds own 24.57% of the company’s stock.

About Merchants Bancorp

(Get Free Report)

Merchants Bancorp is a diversified financial services company headquartered in Carmel, Indiana. Through its banking subsidiary, Merchants Bank of Indiana, the company provides a range of banking and specialized finance solutions to commercial and residential customers across the United States.

The company’s primary activities include multifamily mortgage banking, mortgage warehouse lending and manufactured housing finance. Its multifamily mortgage business originates and services loans for apartment communities and other residential properties, including financing supported by government-sponsored and government-insured programs.