Merchants Bancorp

Valuation Analysis

About the Company

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as

Merchants Bancorp Stock at a Glance

Merchants Bancorp (MBIN) is currently trading at $50.11 with a market capitalization of $2.3B. The trailing P/E ratio stands at 12.22x, with a forward P/E of 8.8x. The 52-week range spans from $28.75 to $51.00; the current price is 1.7% below the yearly high. Year-over-year revenue growth stands at +15.8%. The net profit margin stands at 38.99%.

💰 Dividend

Merchants Bancorp pays an annual dividend of $0.44 per share, representing a yield of 0.88%. The payout ratio stands at 10%.

📊 Analyst Rating

3 analysts rate Merchants Bancorp (MBIN) on consensus: None. The average price target is $51.67, implying +3.11% from the current price. Analyst price targets range from $46.00 to $58.00.

Merchants Bancorp: The Investment Case in Detail

Merchants Bancorp (MBIN) operates in the Financial Services — specifically Banks - Regional — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 15.8% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 34.5% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

What to Watch Next

• The forward P/E of 8.8x is meaningfully below the trailing 12.22x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 96% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to market-like volatility, elevated short interest (6.49%).

Trading Data

💵 Dividend Info

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