MBIN Merchants Bancorp - Common Stock

NASDAQ · Financial Services
$55.17
Price · Aug 19, 2026
52W Range
$30–$57
94% of range
Analyst Rating
BUY
9 analysts
Price Target
$56
+2% upside
P/E (TTM)
—
ROE
—
Net Profit Margin
—

MBIN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$55.16
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$30 – $57

MBIN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS —
Free Cash Flow —
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MBIN
Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MBIN
Peer Median

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MBIN
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MBIN
Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MBIN
Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MBIN
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
Ex-dateAmount
June 15, 2026$0.1100
March 13, 2026$0.1100
Dec. 15, 2025$0.1000
Sept. 15, 2025$0.1000
June 13, 2025$0.1000
March 14, 2025$0.1000
Dec. 13, 2024$0.0900
Sept. 13, 2024$0.0900
June 14, 2024$0.0900
March 14, 2024$0.0900
Dec. 14, 2023$0.0800
Sept. 14, 2023$0.0800
June 14, 2023$0.0800
March 14, 2023$0.0800
Dec. 14, 2022$0.0700
Sept. 14, 2022$0.0700
June 14, 2022$0.0700
March 14, 2022$0.0700
Dec. 14, 2021$0.0600
Sept. 14, 2021$0.0600

MBIN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 9 analysts
  • Strong Buy 2 22.2%
  • Buy 4 44.4%
  • Hold 3 33.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-13
Median target $56.50 +2.4%
Mean target $56.50 +2.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.00%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.48 $1.24 0.24%
March 31, 2026 $1.25 $1.17 0.08%
Dec. 31, 2025 $1.28 $0.96 0.32%
Sept. 30, 2025 $0.97 $0.81 0.16%
June 30, 2025 $0.60 $1.14 -0.54%
March 31, 2025 $1.04 $1.28 -0.24%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MBIN — — — — — —
MTG $6.41B 9.3 0.49% 60.8% 14.3% —
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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Institutional owners (13F) 198 filers · $2.0B total · As of June 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.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
35 (-19 vs prior Q) 14 (-6 vs prior Q) 47 (-4 vs prior Q) 61 (+14 vs prior Q) -590K

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 68.34% Shares
DIMENSIONAL FUND ADVISORS LP $86,377,750 1,727,555 4.40% Shares
STATE STREET CORP $53,463,502 1,066,972 2.73% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $52,250,000 1,044,992 2.66% Shares
VANGUARD CAPITAL MANAGEMENT LLC $50,790,650 1,015,813 2.59% Shares
AMERICAN CENTURY COMPANIES INC $41,852,600 837,052 2.13% Shares
Doma Perpetual Capital Management LLC $40,504,100 810,082 2.07% Shares
GEODE CAPITAL MANAGEMENT, LLC $31,829,342 636,459 1.62% Shares
ROYCE & ASSOCIATES LP $26,352,350 527,047 1.34% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $24,411,050 488,221 1.24% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $14,921,900 298,438 0.76% Shares
BANC FUNDS CO LLC $14,253,100 285,062 0.73% Shares
BASSWOOD CAPITAL MANAGEMENT, L.L.C. $13,687,350 273,747 0.70% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $12,627,400 252,548 0.64% Shares
Valeo Financial Advisors, LLC $11,349,895 226,998 0.58% Shares
VANGUARD FIDUCIARY TRUST CO $9,531,200 190,624 0.49% Shares
DENALI ADVISORS LLC $8,728,800 174,576 0.45% Shares
Bank of New York Mellon Corp $8,128,150 162,563 0.41% Shares
PRINCIPAL FINANCIAL GROUP INC $7,072,950 141,459 0.36% Shares
Ballast Asset Management, LP $6,763,500 135,270 0.34% Shares
BANK OF AMERICA CORP /DE/ $5,835,200 116,704 0.30% Shares
FIRST TRUST ADVISORS LP $5,045,800 100,916 0.26% Shares
Public Sector Pension Investment Board $5,038,150 100,763 0.26% Shares
FRANKLIN RESOURCES INC $4,167,650 83,353 0.21% Shares
AMERIPRISE FINANCIAL INC $3,519,252 70,384 0.18% Shares
RHUMBLINE ADVISERS $3,337,800 66,756 0.17% Shares
XTX Topco Ltd $3,249,250 64,985 0.17% Shares
SAPIENT CAPITAL LLC $3,032,707 60,521 0.15% Shares
NEW YORK STATE COMMON RETIREMENT FUND $2,906,700 58,134 0.15% Shares
SEI INVESTMENTS CO $2,736,100 54,722 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $2,711,750 54,235 0.14% Shares
Quantinno Capital Management LP $2,508,150 50,163 0.13% Shares
DEUTSCHE BANK AG\ $2,469,450 49,389 0.13% Shares
Legal & General Group Plc $2,228,950 44,579 0.11% Shares
Swiss National Bank $2,075,000 41,500 0.11% Shares
Brandywine Global Investment Management, LLC $1,836,720 53,926 0.09% Shares
RAYMOND JAMES FINANCIAL INC $1,806,677 36,134 0.09% Shares
TWO SIGMA INVESTMENTS, LP $1,731,050 34,621 0.09% Shares
LPL Financial LLC $1,698,900 33,978 0.09% Shares
MORGAN STANLEY $1,607,300 32,146 0.08% Shares
PRUDENTIAL FINANCIAL INC $1,480,750 29,615 0.08% Shares
Formidable Asset Management, LLC $1,424,612 33,200 0.07% Shares
Pacific Ridge Capital Partners, LLC $1,421,250 28,425 0.07% Shares
PICTON MAHONEY ASSET MANAGEMENT $1,345,750 26,915 0.07% Shares
ExodusPoint Capital Management, LP $1,283,500 25,670 0.07% Shares
MILLENNIUM MANAGEMENT LLC $1,275,050 25,501 0.07% Shares
Verdence Capital Advisors LLC $1,250,937 25,019 0.06% Shares
FEDERATED HERMES, INC. $1,249,500 24,990 0.06% Shares
AlphaQuest LLC $1,194,246 35,063 0.06% Shares
JAMES INVESTMENT RESEARCH, INC. $1,188,500 23,770 0.06% Shares
ALLIANCEBERNSTEIN L.P. $1,185,088 27,618 0.06% Shares
WELLS FARGO & COMPANY/MN $1,092,900 21,858 0.06% Shares
BlackRock, Inc. $1,059,250 21,185 0.05% Shares
Twelve Points Wealth Management LLC $1,023,313 20,466 0.05% Shares
CAPSTONE INVESTMENT ADVISORS, LLC $950,900 19,018 0.05% Shares
Vanguard Global Advisers, LLC $852,500 17,050 0.04% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $821,684 19,149 0.04% Shares
D. E. Shaw & Co., Inc. $817,950 16,359 0.04% Shares
STIFEL FINANCIAL CORP $808,700 16,174 0.04% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $760,000 15,200 0.04% Call option
LJI Wealth Management, LLC $750,000 15,000 0.04% Shares
Illinois Municipal Retirement Fund $743,650 14,873 0.04% Shares
VANGUARD ASSET MANAGEMENT, Ltd $737,350 14,747 0.04% Shares
MetLife Investment Management, LLC $735,400 14,708 0.04% Shares
STRS OHIO $710,000 14,200 0.04% Shares
BNP PARIBAS FINANCIAL MARKETS $682,300 13,646 0.03% Shares
Louisiana State Employees Retirement System $645,000 12,900 0.03% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $620,000 12,400 0.03% Put option
COMMONWEALTH EQUITY SERVICES, LLC $592,820 11,856 0.03% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $582,900 11,658 0.03% Shares
Russell Investments Group, Ltd. $575,950 11,519 0.03% Shares
GOLDMAN SACHS GROUP INC $561,600 11,232 0.03% Shares
OXFORD FINANCIAL GROUP, LTD. LLC $556,850 11,137 0.03% Shares
Inspire Investing, LLC $512,517 11,944 0.03% Shares
Invesco Ltd. $510,600 10,212 0.03% Shares
Aldebaran Capital, LLC $506,250 10,125 0.03% Shares
BCGM Wealth Management, LLC $504,866 10,097 0.03% Shares
PNC Financial Services Group, Inc. $499,550 9,991 0.03% Shares
CITADEL ADVISORS LLC $495,000 9,900 0.03% Call option
MANUFACTURERS LIFE INSURANCE COMPANY, THE $436,000 8,720 0.02% Shares
JPMORGAN CHASE & CO $417,132 7,302 0.02% Shares
JANE STREET GROUP, LLC $415,000 8,300 0.02% Put option
VANGUARD GROUP INC $406,268 11,928 0.02% Shares
YOUSIF CAPITAL MANAGEMENT, LLC $389,550 7,791 0.02% Shares
BARCLAYS PLC $381,750 7,635 0.02% Shares
Cetera Investment Advisers $381,377 7,628 0.02% Shares
Meeder Advisory Services, Inc. $375,000 7,500 0.02% Shares
Impact Partnership Wealth, LLC $365,950 7,319 0.02% Shares
ZEGA Investments, LLC $360,000 7,200 0.02% Call option
ZEGA Investments, LLC $360,000 7,200 0.02% Shares
Police & Firemen's Retirement System of New Jersey $358,850 7,177 0.02% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $348,550 6,971 0.02% Shares
OREGON PUBLIC EMPLOYEES RETIREMENT FUND $335,000 6,700 0.02% Shares
FIFTH THIRD BANCORP $309,207 6,184 0.02% Shares
JANUS HENDERSON GROUP PLC $303,843 7,076 0.02% Shares
State of Tennessee, Department of Treasury $298,150 5,963 0.02% Shares
Vident Advisory, LLC $294,150 5,883 0.01% Shares
ARIZONA STATE RETIREMENT SYSTEM $285,350 5,707 0.01% Shares
Vanguard Investments Australia, Ltd. $282,050 5,641 0.01% Shares
INTECH INVESTMENT MANAGEMENT LLC $280,050 5,601 0.01% Shares

Company insiders 23 insiders · 12 officers · 10 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael F. Petrie Chairman and CEO June 27, 2019 A 200,000 0 0 $0
Sean A. Sievers Chief Financial Officer Aug. 1, 2025 P 8,207 0 0 $0
John F. Macke Chief Financial Officer Feb. 21, 2019 A 18,801 0 0 $0
Michael R. Dury President of Merchants Capital Sept. 12, 2019 P 50,676 0 0 $0
Michael J. Dunlap President, COO March 22, 2019 P 1,200 0 0 $0
Scott A. Evans Lynn Market President Feb. 21, 2019 A 14,619 0 0 $0
Randall D. Rogers Vice Chairman June 27, 2019 A 12,000 0 0 $0
Susan Dehner Kucer Indianapolis Mkt. Pres. March 22, 2019 P 8,000 0 0 $0
Richard L. Belser SVP, Chief Credit Officer March 22, 2019 P 400 0 0 $0
Jerry F. Koors Merchants Mortgage Pres. March 22, 2019 P 300 0 0 $0
Kevin T Langford Chief Administrative Officer Feb. 21, 2019 A 2,541 0 0 $0
Bill D. Buchanan Senior Vice President, CAO Feb. 22, 2018 A 2,001 0 0 $0
Michael S Curless Director May 21, 2026 A 381 0 0 $0
Patrick D. O'Brien Director May 20, 2021 A 73,739 0 0 $0
Anne E. Sellers Director May 20, 2021 A 2,364 0 0 $0
Sue Anne Gilroy Director May 20, 2021 A 3,301 0 0 $0
David N. Shane Director May 20, 2021 A 9,864 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 65 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
FYT · First Trust Exchange-Traded AlphaDE… 0.38% 14,993 NS April 30, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.25% 64,718 NS April 30, 2026 N-PORT
EBIT · Harbor ETF Trust 0.23% 554 NS April 30, 2026 N-PORT
HAPS · Harbor ETF Trust 0.14% 4,844 NS April 30, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.12% 674,095 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.11% 181,706 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.09% 17,927 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.08% 48,876 NS May 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.08% 2,317 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.07% 209,765 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.06% 352 NS May 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 8,144 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.05% 146,767 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.04% 11,212 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.03% 1,220 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.03% 140,657 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.02% 955 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 1,173 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.01% 968 NS May 31, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.01% 5,552 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.01% 34,307 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 92,063 NS April 30, 2026 N-PORT
TILT · FlexShares Trust 0.01% 3,696 NS April 30, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.01% 18,200 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.01% 3,424 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 1,013 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 3,977 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.01% 14,878 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.01% 24 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 11,476 NS April 30, 2026 N-PORT
EBI · RBB Fund Trust 0.00% 423 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 17,882 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 7,487 NS April 30, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.00% 134 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS — — July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS — — July 15, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS — — July 15, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS — — July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
IJR · iShares Trust — — Aug. 3, 2026 Daily
IJS · iShares Trust — — Aug. 10, 2026 Daily
ITOT · iShares Trust — — July 22, 2026 Daily
IWV · iShares Trust — — Aug. 18, 2026 Daily
IWN · iShares Trust — — Aug. 17, 2026 Daily
IWO · iShares Trust — — Aug. 18, 2026 Daily
IWM · iShares Trust — — Aug. 18, 2026 Daily
PFF · iShares Trust — — Aug. 18, 2026 Daily