MBIN
Merchants Bancorp Common Stock
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Last price
54.69
▲ 0.56 (1.03%)
MARKET · —
Price
Open
54.73
Prev close
54.13
Day high
54.81
Day low
53.95
Volume
212.57K
Market cap
$2.51B
P/E (TTM)
10.98
52W range
30.37 – 56.87
Trailing performance
Returnvs SPY
1W
-0.35%
+1.0%
1M
+17.18%
+13.5%
3M
+17.51%
+14.4%
6M
+20.65%
+9.6%
YTD
+60.57%
+48.3%
1Y
+68.69%
+48.7%
3Y
+81.69%
+7.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$2.51B
Enterprise value$6.57B
Revenue (TTM)$632.34M
Gross profit$632.34M
EBITDA—
Net income$228.74M
EPS (TTM)$4.98
Free cash flow—
Total cash$791.88M
Total debt$4.30B
Book value / share$40.11
Shares outstanding45.94M
Float25.37M
Short % of float6.52%
Dividend yield0.81%
Beta (5Y)1.16
Valuation & profitability ratios
Trailing P/E10.98
Forward P/E9.13
PEG ratio—
Price / sales—
Price / book1.36
EV / revenue10.39
EV / EBITDA—
Gross margin0.00%
Operating margin61.07%
Profit margin42.47%
Return on equity11.73%
Return on assets1.33%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $681.45M | $670.73M | $562.74M | $444.49M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $173.55M | $283.65M | $244.56M | $193.74M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $173.55M | $283.65M | $244.56M | $193.74M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.22 | 1.48 | +21.3% |
| Mar 2026 | 1.16 | 1.25 | +7.8% |
| Dec 2025 | 0.94 | 1.28 | +36.2% |
| Sep 2025 | 0.79 | 0.97 | +22.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.40 | 3 | $182.95M | +6.9% |
| Next quarter | 1.45 | 3 | $187.60M | +1.3% |
| Current year | 5.44 | 3 | $723.42M | +6.2% |
| Next year | 5.99 | 3 | $767.26M | +6.1% |
Analyst targets & ownership
Mean target$56.50
High target$64.00
Low target$49.00
Implied upside3.31%
Analyst count2
ConsensusNONE
Strong buy / Buy1 / 0
Hold2
Sell / Strong sell0 / 0
Held by insiders45.94%
Held by institutions99.17%
Institutions holding263
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
-37.94K
Net selling
Buy transactions
12
34.09K shares
Sell transactions
4
72.03K shares
Net transactions
+16
Buys less sells
Sell : buy shares
2.1 : 1
Mixed
Insider-held shares
21.11M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 5, 26 | DURY MICHAEL R Officer |
STOCK | 3.70K | $0 | Direct |
| Jul 30, 26 | PETRIE MICHAEL F Chief Executive Officer |
SELL | 9.00K | $496.80K | Indirect |
| Jul 30, 26 | KAERCHER JULIA L Director |
SELL | 9.00K | $496.80K | Indirect |
| Jun 3, 26 | DURY MICHAEL R Officer |
STOCK | 10.70K | $0 | Direct |
| May 21, 26 | DINWIDDIE THOMAS W. Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | CATCHINGS TAMIKA D. Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | SHAFFER MARK E. Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | CURLESS MICHAEL S Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | O'BRIEN PATRICK D Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | SELLERS ANNE E Director |
STOCK | 381 | $17.54K | Direct |
| May 21, 26 | JUSTER ANDREW A Director |
STOCK | 381 | $17.54K | Direct |
| May 15, 26 | PETRIE MICHAEL F Chief Executive Officer |
STOCK | 16.00K | $0 | Direct |
| May 7, 26 | LANGFORD KEVIN T Officer |
STOCK | 650 | $0 | Direct |
| May 6, 26 | PETRIE MICHAEL F Chief Executive Officer |
SELL | 39.03K | $1.83M |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DUNLAP MICHAEL J |
President | 219.96K | Stock Award(Grant) |
DURY MICHAEL R |
Officer | 138.90K | Stock Gift |
EVANS SCOTT A |
Officer and Director | 29.37K | Stock Award(Grant) |
KAERCHER JULIA L |
Director | — | Sale |
KOORS JERRY F |
Officer | 65.25K | Stock Award(Grant) |
LANGFORD KEVIN T |
Officer | 36.43K | Stock Gift |
O'BRIEN PATRICK D |
Director | 119.72K | Stock Award(Grant) |
OZNICK TERRY A |
General Counsel | 34.06K | Stock Award(Grant) |
PETRIE MICHAEL F |
Chief Executive Officer | — | Sale |
ROGERS RANDALL D |
Officer and Director | — | Sale |
Moving averages & technicals
SMA 10
54.48
+0.39% from price
SMA 20
54.10
+1.08% from price
SMA 50
51.02
+7.20% from price
SMA 100
48.92
+11.80% from price
SMA 200
43.36
+26.13% from price
EMA 12
54.19
+0.92% from price
EMA 26
53.07
+3.05% from price
EMA 50
51.43
+6.33% from price
RSI (14)
60.1
Neutral
MACD (12,26,9)
1.12
Hist -0.22
ATR (14)
1.32
2.41% of price
Realised vol 30D
37.3%
Annualised
Bollinger upper
57.98
20, 2σ
Bollinger lower
50.22
20, 2σ
50 / 200 cross
Golden
51.02 vs 43.36
Trend bias
Above 200
+26.13%
Risk profile
Beta vs SPY
0.58
Less volatile than market
Correlation to SPY
0.21
Largely independent
Realised vol 30D
37.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-13.5%
Peak to trough
Max drawdown 5Y
-44.5%
Peak to trough
ATR 14
1.32
2.41% of price
Beta (reported)
1.16
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
0.02
Positioning, not flow
Max pain
50.00
-8.6% from spot
ATM implied vol
83.6%
Nearest strike to spot
Skew (10% OTM)
+9.7%
Puts bid over calls
Call volume
6
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
60.00
77 contracts
Heaviest put OI
50.00
3 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
PR Newswire · 2d ago
3 Unpopular Stocks We’re Skeptical Of
StockStory · 4d ago
3 Small-Cap Stocks Walking a Fine Line
StockStory · 13d ago
Merchants Bancorp (MBIN) Is Up 15.71% in One Week: What You Should Know
Zacks · 16d ago
Community Bank Earnings Expose Diverging Multifamily Risks
CRE Daily · 16d ago
Earnings Estimates Rising for Merchants Bancorp (MBIN): Will It Gain?
Zacks · 19d ago
Merchants Bancorp Insider Sold Shares Worth $496,800, According to a Recent SEC Filing
MT Newswires · 22d ago
Merchants Bancorp (MBIN) Beat Expectations, Is The Stock Still Undervalued?
Simply Wall St. · 24d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.