Wall Street analyst estimates for Merchants Bancorp (MBIN): consensus price target and buy/hold/sell recommendations.
Merchants Bancorp operates as a diversified financial services holding company across the United States. Its operations are organized into three primary divisions: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking division focuses on originating and servicing government-sponsored mortgages for multi-family dwellings and healthcare institutions.
Consensus price target
$67.00 (+25% vs price $53.43)
between $66.00 and $68.00 · 3 targets published in the last quarter
Closing price, Nov 4
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 4 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 7 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-27 | $1.41 | ||
| 2026-10-28 | $2.06 | $1.39 | +48.2% |
| 2026-07-28 | $1.48 | $1.22 | +21.3% |
| 2026-04-28 | $1.25 | $1.16 | +7.8% |
| 2026-01-28 | $1.28 | $0.94 | +36.2% |
| 2025-10-28 | $0.97 | $0.79 | +22.8% |
| 2025-07-28 | $0.60 | $1.12 | -46.4% |
| 2025-04-28 | $0.93 | $1.25 | -25.6% |
Valuation Ratios
| P/E Ratio | 8.80 |
| Price / Book | 0.99 |
| Dividend Yield | 0.80% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.2M | $110.2M | $134.9M | $164.9M | $342.5M | $427.7M | $439.8M | $559.3M | $667.0M | $681.4M |
| Cost of Revenue | $960,000 | $2.5M | $4.6M | $3.9M | $11.8M | $5.0M | $17.3M | $40.2M | $24.3M | $117.8M |
| Gross Profit | $77.3M | $107.7M | $130.3M | $160.9M | $330.7M | $422.7M | $422.5M | $519.1M | $642.7M | $563.7M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $15.5M | $22.4M | $33.3M | $40.8M | $65.0M | $88.4M | $92.5M | $121.8M | $156.9M | $177.2M |
| Operating Expenses | $22.5M | $30.5M | $46.3M | $58.8M | $87.3M | $117.7M | $131.3M | $171.2M | $220.0M | $299.9M |
| Operating Income | $54.8M | $77.2M | $84.0M | $102.1M | $243.4M | $304.9M | $291.1M | $347.9M | $422.6M | $263.8M |
| EBITDA | $55.1M | $77.5M | $84.5M | $103.0M | $245.3M | $307.1M | $293.6M | $350.8M | $425.7M | $267.3M |
| Interest Expense | $19.0M | $27.8M | $50.6M | $89.7M | $58.6M | $33.9M | $162.3M | $629.7M | $780.1M | $683.8M |
| Pre-tax Income | $54.8M | $77.2M | $84.0M | $102.1M | $243.4M | $304.9M | $291.1M | $347.9M | $422.6M | $263.8M |
| Income Tax | $21.7M | $22.5M | $21.2M | $24.8M | $62.8M | $77.8M | $71.4M | $68.7M | $102.3M | $45.0M |
| Net Income | $33.1M | $54.7M | $62.9M | $77.3M | $180.5M | $227.1M | $219.7M | $279.2M | $320.4M | $218.8M |
| EPS | $0.98 | $1.52 | $1.39 | $1.58 | $3.85 | $4.78 | $4.49 | $5.66 | $6.32 | $3.78 |
| EPS (Diluted) | $0.98 | $1.52 | $1.38 | $1.58 | $3.85 | $4.76 | $4.47 | $5.64 | $6.30 | $3.78 |
| Shares Outstanding (Diluted) | 31.8 M | 33.9 M | 43.1 M | 43.1 M | 43.2 M | 43.3 M | 43.3 M | 43.3 M | 45.0 M | 45.9 M |
Price
| Price | $53.43 (closing price, November 4, 2026) |
| Market Cap | $2.5B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Financial Services · Banks - Regional
More sections of MBIN: Overview · Financials · Valuation · Technical · Ownership
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