MBIN Merchants Bancorp - Common Stock
NASDAQ · Financial Services close Oct 2, 2026MBIN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Jan. 18, 2022 | 3-for-2 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Not enough fundamentals data to compute this ratio group yet.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Not enough fundamentals data to compute this ratio group yet.
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.11 | USD | ≈0.81% |
| Jun 15, 2026 | $0.11 | USD | ≈0.85% |
| Mar 13, 2026 | $0.11 | USD | ≈0.98% |
| Dec 15, 2025 | $0.10 | USD | ≈1.1% |
| Sep 15, 2025 | $0.10 | USD | ≈1.2% |
| Jun 13, 2025 | $0.10 | USD | ≈1.2% |
| Mar 14, 2025 | $0.10 | USD | ≈0.98% |
| Dec 13, 2024 | $0.09 | USD | ≈0.94% |
| Sep 13, 2024 | $0.09 | USD | ≈0.80% |
| Jun 14, 2024 | $0.09 | USD | ≈0.87% |
| Mar 14, 2024 | $0.09 | USD | ≈0.81% |
| Dec 14, 2023 | $0.08 | USD | ≈0.80% |
| Sep 14, 2023 | $0.08 | USD | ≈1.1% |
| Jun 14, 2023 | $0.08 | USD | ≈1.1% |
| Mar 14, 2023 | $0.08 | USD | ≈1.1% |
| Dec 14, 2022 | $0.07 | USD | ≈1.1% |
| Sep 14, 2022 | $0.07 | USD | ≈1.1% |
| Jun 14, 2022 | $0.07 | USD | ≈1.1% |
| Mar 14, 2022 | $0.07 | USD | ≈0.89% |
| Dec 14, 2021 | $0.06 | USD | ≈0.82% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $1.48 | $1.24 | 18.9% |
| March 31, 2026 | $1.25 | $1.17 | 6.5% | |
| Dec. 31, 2025 | $1.28 | $0.96 | 33.7% | |
| Sept. 30, 2025 | $0.97 | $0.81 | 20.5% | |
| June 30, 2025 | $0.60 | $1.14 | -47.5% | |
| March 31, 2025 | $1.04 | $1.28 | -18.6% |
Institutional owners (13F) 196 filers · $2.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 28 (-26 vs prior Q) | 14 (-6 vs prior Q) | 55 (+2 vs prior Q) | 61 (+14 vs prior Q) | -153K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Elser Financial Planning, Inc | $1,340,431,250 | 26,808,625 | 58.19% | Shares |
| BlackRock, Inc. | $205,259,650 | 4,105,193 | 8.91% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $91,358,637 | 1,827,144 | 3.97% | Shares |
| STATE STREET CORP | $53,463,502 | 1,066,972 | 2.32% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $52,250,000 | 1,044,992 | 2.27% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $50,790,650 | 1,015,813 | 2.21% | Shares |
| VANGUARD GROUP INC | $48,180,732 | 1,414,584 | 2.09% | Shares |
| AMERICAN CENTURY COMPANIES INC | $41,852,600 | 837,052 | 1.82% | Shares |
| Doma Perpetual Capital Management LLC | $40,504,100 | 810,082 | 1.76% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $37,022,692 | 740,326 | 1.61% | Shares |
| ROYCE & ASSOCIATES LP | $26,352,350 | 527,047 | 1.14% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $24,411,050 | 488,221 | 1.06% | Shares |
| MORGAN STANLEY | $15,438,806 | 308,775 | 0.67% | Shares |
| NORTHERN TRUST CORP | $15,090,100 | 301,802 | 0.66% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14,921,900 | 298,438 | 0.65% | Shares |
| BANC FUNDS CO LLC | $14,253,100 | 285,062 | 0.62% | Shares |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $13,687,350 | 273,747 | 0.59% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12,627,400 | 252,548 | 0.55% | Shares |
| Invesco Ltd. | $12,019,725 | 240,395 | 0.52% | Shares |
| Bank of New York Mellon Corp | $11,718,890 | 234,378 | 0.51% | Shares |
| Valeo Financial Advisors, LLC | $11,349,895 | 226,998 | 0.49% | Shares |
| ROYAL BANK OF CANADA | $11,032,000 | 220,641 | 0.48% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,531,200 | 190,624 | 0.41% | Shares |
| DENALI ADVISORS LLC | $8,728,800 | 174,576 | 0.38% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $7,123,800 | 142,476 | 0.31% | Shares |
| Ballast Asset Management, LP | $6,763,500 | 135,270 | 0.29% | Shares |
| BANK OF AMERICA CORP /DE/ | $6,057,100 | 121,142 | 0.26% | Shares |
| Russell Investments Group, Ltd. | $5,601,025 | 112,021 | 0.24% | Shares |
| DEUTSCHE BANK AG\ | $5,283,650 | 105,673 | 0.23% | Shares |
| FIRST TRUST ADVISORS LP | $5,045,800 | 100,916 | 0.22% | Shares |
| Public Sector Pension Investment Board | $5,038,150 | 100,763 | 0.22% | Shares |
| FRANKLIN RESOURCES INC | $4,943,700 | 98,874 | 0.21% | Shares |
| GOLDMAN SACHS GROUP INC | $3,561,959 | 71,239 | 0.15% | Shares |
| AMERIPRISE FINANCIAL INC | $3,523,002 | 70,459 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $3,337,800 | 66,756 | 0.14% | Shares |
| XTX Topco Ltd | $3,249,250 | 64,985 | 0.14% | Shares |
| Legal & General Group Plc | $3,219,250 | 64,385 | 0.14% | Shares |
| UBS Group AG | $3,088,600 | 61,772 | 0.13% | Shares |
| SAPIENT CAPITAL LLC | $3,032,707 | 60,521 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,906,700 | 58,134 | 0.13% | Shares |
| SEI INVESTMENTS CO | $2,736,100 | 54,722 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,711,750 | 54,235 | 0.12% | Shares |
| Nuveen, LLC | $2,548,750 | 50,975 | 0.11% | Shares |
| Quantinno Capital Management LP | $2,508,150 | 50,163 | 0.11% | Shares |
| CITIGROUP INC | $2,118,050 | 42,361 | 0.09% | Shares |
| Swiss National Bank | $2,075,000 | 41,500 | 0.09% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,013,989 | 40,280 | 0.09% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,925,109 | 38,503 | 0.08% | Shares |
| Brandywine Global Investment Management, LLC | $1,836,720 | 53,926 | 0.08% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,731,050 | 34,621 | 0.08% | Shares |
Company insiders 29 insiders · 15 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael R. Dury | CEO of Merchants Capital | Aug. 5, 2026 G | 120,702 | 1 | 0 | $490,420 |
| Michael F. Petrie | Chairman and CEO | May 15, 2026 G | 1,848,994 | 0 | 31 | $-4,404,451 |
| Sean A. Sievers | CHIEF FINANCIAL OFFICER | Feb. 1, 2026 F | 14,388 | 0 | 0 | $0 |
| John F. Macke | Chief Financial Officer | Feb. 1, 2024 F | 58,312 | 0 | 0 | $0 |
| Martin A Schroeter | President-Warehouse Lending | Feb. 10, 2026 S | 10,881 | 0 | 1 | $-253,330 |
| Scott A. Evans | Lynn Market President | Feb. 1, 2026 F | 27,556 | 0 | 0 | $0 |
| Michael J. Dunlap | President, COO | Feb. 1, 2026 F | 212,196 | 0 | 0 | $0 |
| Jerry F. Koors | Merchants Mortgage President | Feb. 1, 2026 F | 45,106 | 0 | 0 | $0 |
| Susan Dehner Kucer | Indianpolis Market President | April 1, 2024 D | 0 | 0 | 0 | $0 |
| Kevin T Langford | Chief Administrative Officer | May 7, 2026 G | 36,433 | 0 | 0 | $0 |
| Terry A Oznick | SVP, General Counsel | Feb. 1, 2026 F | 31,374 | 0 | 0 | $0 |
| Darin L. Thomas | Chief Accounting Officer | Aug. 22, 2025 P | 1,103 | 0 | 0 | $0 |
| Randall D. Rogers | Vice Chairman | Aug. 23, 2024 S | 698,000 | 0 | 0 | $0 |
| Richard L. Belser | SVP, Chief Credit Officer | March 22, 2019 P | 400 | 0 | 0 | $0 |
| Bill D. Buchanan | Senior Vice President, CAO | Feb. 22, 2018 A | 2,001 | 0 | 0 | $0 |
| Mark E. Shaffer | Director | May 21, 2026 A | 381 | 0 | 0 | $0 |
| Thomas Dinwiddie | Director | May 21, 2026 A | 22,766 | 0 | 0 | $0 |
| Tamika Catchings | Director | May 21, 2026 A | 7,766 | 0 | 0 | $0 |
| Patrick D. O'Brien | Director | May 21, 2026 A | 119,721 | 0 | 0 | $0 |
| Anne E. Sellers | Director | May 21, 2026 A | 12,659 | 0 | 0 | $0 |
| Michael S Curless | Director | May 21, 2026 A | 381 | 0 | 0 | $0 |
| Sue Anne Gilroy | Director | Feb. 19, 2026 A | 13,684 | 0 | 0 | $0 |
| David N. Shane | Director | Feb. 19, 2026 A | 23,527 | 0 | 0 | $0 |
| John W. Perry | Director | June 8, 2018 A | 14,616 | 0 | 0 | $0 |
| Jody J. Petrie | 10% owner | Aug. 16, 2019 G | 3,278,497 | 0 | 0 | $0 |
| Michael F. Petrie Grantor Retained Annuity Trust | 10% owner | Jan. 3, 2018 G | 0 | 0 | 0 | $0 |
| Randall D. Rogers Grantor Retained Annuity Trust | 10% owner | Jan. 3, 2018 G | 0 | 0 | 0 | $0 |
| Mary H. Rogers | 10% owner | Jan. 3, 2018 G | 0 | 0 | 0 | $0 |
| Andrew Juster | · | May 21, 2026 A | 26,172 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 51 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| XSVM · Invesco Exchange-Traded Fund Trust | 0.74% | 87,801 SH | Oct. 2, 2026 | Daily |
| RZV · Invesco Exchange-Traded Fund Trust | 0.52% | 29,389 SH | Oct. 2, 2026 | Daily |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.52% | 850,148 | Oct. 2, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.40% | 14,070 NS | July 31, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.37% | 30,127 SH | Oct. 2, 2026 | Daily |
| XSMO · Invesco Exchange-Traded Fund Trust | 0.32% | 185,350 SH | Oct. 2, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.29% | 1,627 SH | Oct. 2, 2026 | Daily |
| PFF · iShares Trust | 0.26% | 1,400,200 SH | Sept. 11, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.21% | 466 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.21% | 52,340 NS | July 31, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.18% | 5,688 NS | July 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.16% | 62,381 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.13% | 190,480 NS | July 31, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.09% | 4,452 SH | Oct. 2, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.08% | 218,543 NS | July 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.08% | 32,465 SH | Oct. 2, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.08% | 103,097 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.08% | 2,433 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.07% | 3,778 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.05% | 148,355 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.05% | 60,462 | Oct. 2, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 14,472 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 5,737 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.04% | 12,081 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 656,741 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 21,827 SH | Oct. 2, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 145,763 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.03% | 82,982 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.03% | 9,319 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 337,320 SH | Aug. 19, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 5,471 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 34,307 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 1,173 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 95,310 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 1,265 SH | Sept. 11, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 33,742 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 3,888 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 3,424 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 3,977 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 11,476 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 38,083 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 7,487 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 5,353 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 657,690 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,988 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 1,793,467 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 261,770 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 161,494 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 4,082 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 1,133 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 4,978 SH | Sept. 11, 2026 | Daily |
MBIN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
2 analysts · 2026-10-01Mean target $64.50 +29.1%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MBIN | · | · | · | · | · | · |
| RDN | $4.88B | 8.7 | -0.76% | 48.7% | 12.4% | · |
| PFSI | $6.86B | 14.2 | -25.2% | 2491.9% | 12.0% | · |
| NMIH | $3.11B | 8.3 | 8.5% | 55.0% | 15.5% | · |
| AGM | · | 10.6 | 8.9% | 50.8% | 12.7% | · |
| UWMC | · | 36.5 | 18.2% | 0.87% | 1.6% | · |
| WD | $2.01B | 36.7 | 9.0% | 4.6% | 3.2% | · |
| VEL | $822M | 7.5 | 36.8% | 56.5% | 17.7% | · |
| WSBF | $304M | 11.2 | 4.8% | 18.6% | 7.6% | · |
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