Equites Radar

MBIN · Merchants Bancorp

Banks - RegionalUnited StatesAnalyst view: Hold

$53.15

+0.32% last session

End-of-day data · close of 2026-09-11

Bullish4 bullish · 1 bearish technical signals
Consensus: Hold (2.67 from 2 analysts)
To mean target: +21.7%

Market cap

$2B

Enterprise value

$6B

Trailing P/E

10.5

Forward P/E

8.8

Dividend yield

1.0%

Beta

1.14

Avg volume

0M

Employees

1K

Daily Change %

0.32%

5 Days Change

-0.42%

10 Days Change

-0.34%

30 Days Change

-3.65%

60 Days Change

9.25%

Month to Day Change

1.39%

Year to Day Change

54.76%

Analyst Outlook

Consensus ratingHold
Recommendation mean (1–5)2.67
Covering analysts2
Mean price target$64.50
Low price target$64.00
Upside to mean target+21.7%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)51.8
50-day MA$51.93
200-day MA$44.75
Price vs 50-day MA+2.4%
Price vs 200-day MA+18.8%
MACD histogram-0.16
Volume vs 3-month avg0.8×
52w low $30.1952w high $55.72

Analyst sentiment over time — MBIN

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-09-08

Latest call per bank · past 12 months

Morgan Stanley

Equal-Weight

$65.00

+22.7% vs price
▲ raised from $49.00Maintains · 2026-09-08

Recent rating actions

DateFirmActionRatingPrice target
2026-09-08Morgan StanleyMaintainsEqual-Weight$49.00 $65.00
2026-07-29Piper SandlerMaintainsOverweight$64.00 $58.00
2026-07-01Raymond JamesDowngradeOutperformMarket Perform$0.00
2026-06-29Morgan StanleyMaintainsEqual-Weight$46.00 $49.00
2026-03-02Morgan StanleyMaintainsEqual-Weight$42.00 $51.00
2026-01-30Morgan StanleyMaintainsEqual-Weight$40.00 $42.00
2025-10-30Piper SandlerMaintainsOverweight$41.00 $42.00
2025-10-29Raymond JamesReiteratesOutperform$40.00 $38.00

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-09-11

  • RSI (14): RSI is 52 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 2.4% above the 50-day MA ($51.93).
  • Price vs 200-day MA: Trading 18.8% above the 200-day MA ($44.75).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-0.16) — short-term momentum is fading.
  • 52-week range: Price is within 5% of the 52-week high ($55.72).

MBIN Price Chart

Loading chart for MBIN

Fundamentals

Revenue (TTM)$1.0B
EBITDA
Free cash flow
Operating cash flow-$1.0B
Book value / share$40.11
Net Debt / EBITDA
WACC8.0%
Revenue growth37.00%
Earnings growth147.00%

About Merchants Bancorp

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 commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.