Merchants BancorpMBIN
MBIN
About: Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.
Employees: 618
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 56
0% more funds holding
Funds holding: 174 [Q2] → 174 (+0) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 28
0.65% less ownership
Funds ownership: 32.46% [Q2] → 31.81% (-0.65%) [Q3]
71% less call options, than puts
Call options by funds: $49K | Put options by funds: $171K
86% less capital invested
Capital invested by funds: $4.65B [Q2] → $654M (-$4B) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$53
45%
upside
Avg. target
$54
48%
upside
High target
$55
51%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Nathan Rice 40% 1-year accuracy 4 / 10 met price target | 45%upside $53 | Overweight Maintained | 26 Nov 2024 |
Raymond James Daniel Tamayo 67% 1-year accuracy 18 / 27 met price target | 51%upside $55 | Outperform Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 7 articles about MBIN published over the past 30 days
Neutral
GlobeNewsWire
6 days ago
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
Neutral
PRNewsWire
1 week ago
MBIN Stockholders: Robbins LLP is Investigating the Officers and Directors of Merchants Bancorp to Determine if They Breached Fiduciary Duties Owed to Shareholders
SAN DIEGO , Dec. 18, 2024 /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Merchants Bancorp (NASDAQ: MBIN) to determine whether certain Merchants Bancorp officers and directors violated securities laws and breached fiduciary duties to shareholders. Merchants Bancorp operates as the diversified bank holding company in the United States.
Positive
Seeking Alpha
1 week ago
First Look At MBINL, The New Preferred Stock IPO From Merchants Bancorp
Merchants Bancorp's new 7.652% Series E Non-Cumulative Perpetual Preferred Stock presents an attractive yield and holds a Ba3 rating, positioning it as a valuable addition to our portfolio. The company's capital structure and dividend history indicate a reasonable cushion for preferred dividend payments, despite a small common stock distribution cushion. The new preferred stock's credit spread is appealing compared to similar BB-rated securities, suggesting it offers a good relative value.
Neutral
GlobeNewsWire
2 weeks ago
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
Neutral
GlobeNewsWire
2 weeks ago
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
Positive
Seeking Alpha
4 weeks ago
New Preferred Stock IPOs, November 2024
September saw three new preferred stock offerings with yields between 7% and 8%, including SPMC, Merchants Bancorp, and Aspen Insurance Holdings. CDx3 preferreds ranked 10 out of 10 are selling at an average discount of 8 cents to par, offering a 6.3% yield. Investors can buy new preferred stocks at wholesale prices on the OTC, potentially avoiding capital losses if prices drop.
Neutral
PRNewsWire
4 weeks ago
Merchants Bancorp Announces Redemption of Its Series B Preferred Stock and Declares Quarterly Preferred Dividends on Series E Preferred Shares
CARMEL, Ind. , Nov. 26, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") (Nasdaq: MBINO) at the liquidation preference of $25.00 per share.
Neutral
PRNewsWire
1 month ago
Merchants Bancorp Closes Depositary Share Offering
CARMEL, Ind. , Nov. 25, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share.
Neutral
PRNewsWire
1 month ago
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Nov. 20, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2024, in each case to shareholders of record on December 13, 2024, payable on January 2, 2025: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $23.56 per share (equivalent to $0.59 per depositary share) on the Company's outstanding shares of its Series B preferred stock (NASDAQ:MBINO), which was reset from 6% to 9.42% as of October 1, 2024; A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).
Neutral
PRNewsWire
1 month ago
Merchants Bancorp Prices Depositary Share Offering
CARMEL, Ind. , Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series E preferred stock"), with a liquidation preference of $25.00 per depositary share.
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