MBIN
BEARISH
$47.76
Live
Merchants Bancorp · NASDAQ
Target $48.67
(+1.9%)
$27.25
52W Range
$48.5
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 14, 2026
Market cap
$2.2B
P/E
12.63
ROE
9.7%
Profit margin
38.8%
Debt/Equity
N/A
Dividend yield
0.86%
AI Analysis
AI-powered fundamental assessment
Confidence
85%
MBIN exhibits a severe divergence between its recent price performance and its fundamental health, highlighted by a weak Piotroski F-Score of 2/9. While the stock is trading below its Graham Number ($56.61), it is significantly overpriced relative to its growth-based intrinsic value ($26.46). Negative year-over-year revenue (-17.60%) and earnings growth (-30.60%) suggest a deteriorating business model, further compounded by bearish insider selling from the CEO. The recent price rally appears disconnected from the underlying financial decay.
Key Strengths
Low Forward P/E ratio of 8.29
Conservative dividend payout ratio of 10.58%
Strong 1-year price appreciation (+51.4%)
Reasonable Price-to-Book ratio of 1.27
Consistent history of earnings beats over the long term (25 quarters)
Key Risks
Critical fundamental weakness indicated by Piotroski F-Score (2/9)
Significant contraction in YoY revenue and earnings growth
Bearish insider sentiment with CEO and Officer selling shares
Technical trend score is extremely low (10/100) despite price gains
Intrinsic value ($26.46) is nearly 45% below current market price
AI Fair Value Estimate
Based on comprehensive analysis
$32.5
-32.0% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
41
Moderate
50
20
80
15
40
AI Verdict
Value Trap
Key drivers: Piotroski F-Score 2/9, Negative YoY Growth, Insider Selling, Price/Intrinsic Value Gap
Confidence
90%
Value
50/100
P/E 12.63, Graham Number $56.61, Intrinsic Value $26.46
Positives
- P/E is low compared to sector average
- Below Graham Number
Watchpoints
- Trades at a significant premium to growth-based intrinsic value
Future
20/100
Severe YoY contraction outweighs short-term Q/Q volatility
Positives
- Recent Q/Q EPS growth showed a temporary spike (+32%)
Watchpoints
- YoY Revenue growth -17.60%
- YoY Earnings growth -30.60%
Past
80/100
Historical price performance is the primary bullish driver
Positives
- Strong 5Y (+88.5%) and 3Y (+91.2%) returns
- Long track record of earnings surprises
Watchpoints
- Recent quarterly performance has become inconsistent
Health
15/100
Piotroski F-Score is the primary deterministic health metric
Positives
- Positive ROE (9.67%)
Watchpoints
- Piotroski F-Score of 2/9 indicates weak financial health
Dividend
40/100
Safe but unattractive yield
Positives
- Very low payout ratio suggests sustainability
Watchpoints
- Low dividend yield (0.86%)
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$47.76
Analyst Target
$48.67
Upside/Downside
+1.9%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for MBIN and closest competitors.
Updated 2026-04-13
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
MBIN
Merchants Bancorp
Primary
|
+88.5% | +91.2% | +51.4% | +51.2% | +14.6% | +6.5% |
|
MAAS
Maase Inc.
Peer
|
-97.5% | -98.2% | +52.9% | +100.3% | +10.7% | +3.6% |
|
BUSE
First Busey Corporation
Peer
|
+23.9% | +48.7% | +41.1% | +14.2% | +3.5% | +2.6% |
|
BUR
Burford Capital Limited
Peer
|
+18.9% | +8.0% | -30.4% | -29.2% | +8.3% | +0.3% |
|
BANR
Banner Corporation
Peer
|
+44.9% | +8.0% | -9.8% | -4.0% | -5.8% | -5.3% |
MBI
Merchants Bancorp
Primary
5Y
+88.5%
3Y
+91.2%
1Y
+51.4%
6M
+51.2%
1M
+14.6%
1W
+6.5%
MAA
Maase Inc.
Peer
5Y
-97.5%
3Y
-98.2%
1Y
+52.9%
6M
+100.3%
1M
+10.7%
1W
+3.6%
BUS
First Busey Corporation
Peer
5Y
+23.9%
3Y
+48.7%
1Y
+41.1%
6M
+14.2%
1M
+3.5%
1W
+2.6%
BUR
Burford Capital Limited
Peer
5Y
+18.9%
3Y
+8.0%
1Y
-30.4%
6M
-29.2%
1M
+8.3%
1W
+0.3%
BAN
Banner Corporation
Peer
5Y
+44.9%
3Y
+8.0%
1Y
-9.8%
6M
-4.0%
1M
-5.8%
1W
-5.3%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
12.63
Forward P/E
8.29
PEG Ratio
N/A
P/B Ratio
1.27
P/S Ratio
3.89
EV/Revenue
10.14
EV/EBITDA
N/A
Market Cap
$2.2B
Profitability
Profit margins and return metrics
Profit Margin
38.81%
Operating Margin
52.01%
Gross Margin
N/A
ROE
9.67%
ROA
1.14%
Growth
Revenue and earnings growth rates
Revenue Growth
-17.6%
Earnings Growth
-30.6%
Q/Q Revenue Growth
-4.55%
Q/Q Earnings Growth
-29.1%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$19.38
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.2B
Net Margin
36.8%
Total Assets
$19.4B
Liabilities
$17.2B
Equity
$2.3B
Debt/Equity
7.53x
Operating CF
$-0.4B
CapEx
$-0.0B
Free Cash Flow
$-0.4B
FCF Yield
101%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-28
$N/A
2026-01-28
$1.28
+36.2% surprise
2025-10-28
$0.97
+22.8% surprise
2025-07-28
$0.6
-46.4% surprise
Financial Services Sector Comparison
Comparing MBIN against 404 companies in the Financial Services sector
(68 bullish, 175 neutral, 161 bearish)
P/E Ratio
12.63
This Stock
vs
49.16
Sector Avg
-74.3%
(Discount)
Return on Equity (ROE)
9.67%
This Stock
vs
-0.06%
Sector Avg
-15875.5%
(Below Avg)
Profit Margin
38.81%
This Stock
vs
60.11%
Sector Avg
-35.4%
(Weaker)
Revenue Growth
-17.6%
This Stock
vs
42.19%
Sector Avg
-141.7%
(Slower)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
MBIN
Merchants Bancorp
|
BEARISH | $2.2B | 12.63 | 9.7% | 38.8% | $47.76 | |
|
MAAS
Maase Inc.
|
BEARISH | $2.17B | - | -0.2% | -51.0% | $6.11 | Compare |
|
BUSE
First Busey Corporation
|
BULLISH | $2.24B | 17.64 | 7.0% | 20.3% | $25.93 | Compare |
|
BUR
Burford Capital Limited
|
BEARISH | $2.13B | 25.0 | 4.2% | 18.7% | $9.75 | Compare |
|
BANR
Banner Corporation
|
NEUTRAL | $2.1B | 11.73 | 10.5% | 30.2% | $61.46 | Compare |
MBIN
Merchants Bancorp
BEARISH
Mkt Cap
$2.2B
P/E
12.6
ROE
9.7%
Price
$47.76
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-26 | PETRIE MICHAEL F | Chief Executive Officer | Sale | 15,000 | $660,750 |
| 2026-02-19 | JUSTER ANDREW A | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | O'BRIEN PATRICK D | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | GILROY SUE ANNE | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | SELLERS ANNE E | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | SHANE DAVID N | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | DINWIDDIE THOMAS W. | Director | Stock Award | 377 | $17,512 |
| 2026-02-19 | CATCHINGS TAMIKA D. | Director | Stock Award | 377 | $17,512 |
| 2026-02-10 | SCHROETER MARTIN A | Officer | Sale | 5,500 | $253,330 |
| 2026-01-27 | LANGFORD KEVIN T | Officer | Stock Award | 4,628 | - |
| 2026-01-27 | DUNLAP MICHAEL J | President | Stock Award | 20,051 | - |
| 2026-01-27 | PETRIE MICHAEL F | Chief Executive Officer | Stock Award | 20,565 | - |
| 2026-01-27 | EVANS SCOTT A | Officer and Director | Stock Award | 4,011 | - |
| 2026-01-27 | KOORS JERRY F | Officer | Stock Award | 5,553 | - |
| 2026-01-27 | OZNICK TERRY A | General Counsel | Stock Award | 4,216 | - |
PETRIE MICHAEL F
Chief Executive Officer
2026-02-26
15,000 shares
·
$660,750
JUSTER ANDREW A
Director
2026-02-19
377 shares
·
$17,512
O'BRIEN PATRICK D
Director
2026-02-19
377 shares
·
$17,512
GILROY SUE ANNE
Director
2026-02-19
377 shares
·
$17,512
SELLERS ANNE E
Director
2026-02-19
377 shares
·
$17,512
SHANE DAVID N
Director
2026-02-19
377 shares
·
$17,512
DINWIDDIE THOMAS W.
Director
2026-02-19
377 shares
·
$17,512
CATCHINGS TAMIKA D.
Director
2026-02-19
377 shares
·
$17,512
SCHROETER MARTIN A
Officer
2026-02-10
5,500 shares
·
$253,330
LANGFORD KEVIN T
Officer
2026-01-27
4,628 shares
DUNLAP MICHAEL J
President
2026-01-27
20,051 shares
PETRIE MICHAEL F
Chief Executive Officer
2026-01-27
20,565 shares
EVANS SCOTT A
Officer and Director
2026-01-27
4,011 shares
KOORS JERRY F
Officer
2026-01-27
5,553 shares
OZNICK TERRY A
General Counsel
2026-01-27
4,216 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
3 analysts
Morgan Stanley
2026-03-02
Equal-Weight
Equal-Weight
Morgan Stanley
2026-01-30
Equal-Weight
Equal-Weight
Piper Sandler
2025-10-30
Overweight
Overweight
Raymond James
2025-10-29
Outperform
Outperform
Past News Coverage
Recent headlines mentioning MBIN from our newsroom.
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