MBIN Stock Overview
Merchants Bancorp operates as the diversified bank holding company in the United States.
No risks detected for MBIN from our risk checks.
Merchants Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$27.97|
|52 Week High||US$33.57|
|52 Week Low||US$21.52|
|1 Month Change||24.20%|
|3 Month Change||20.15%|
|1 Year Change||16.70%|
|3 Year Change||163.70%|
|5 Year Change||n/a|
|Change since IPO||149.73%|
Recent News & Updates
|MBIN||US Mortgage||US Market|
Return vs Industry: MBIN exceeded the US Mortgage industry which returned -22.2% over the past year.
Return vs Market: MBIN exceeded the US Market which returned -11.6% over the past year.
|MBIN Average Weekly Movement||4.1%|
|Mortgage Industry Average Movement||3.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: MBIN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MBIN's weekly volatility (4%) has been stable over the past year.
About the Company
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
Merchants Bancorp Fundamentals Summary
|MBIN fundamental statistics|
Is MBIN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MBIN income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||4.52|
|Net Profit Margin||46.25%|
How did MBIN perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Is MBIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MBIN?
Other financial metrics that can be useful for relative valuation.
|What is MBIN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MBIN's PE Ratio compare to its peers?
|MBIN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AGM Federal Agricultural Mortgage
FMCC Federal Home Loan Mortgage
PFS Provident Financial Services
NMIH NMI Holdings
MBIN Merchants Bancorp
Price-To-Earnings vs Peers: MBIN is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (9.2x).
Price to Earnings Ratio vs Industry
How does MBIN's PE Ratio compare vs other companies in the US Mortgage Industry?
Price-To-Earnings vs Industry: MBIN is good value based on its Price-To-Earnings Ratio (6.2x) compared to the US Mortgage industry average (11.6x)
Price to Earnings Ratio vs Fair Ratio
What is MBIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.2x|
|Fair PE Ratio||12.3x|
Price-To-Earnings vs Fair Ratio: MBIN is good value based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).
Share Price vs Fair Value
What is the Fair Price of MBIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MBIN ($27.97) is trading below our estimate of fair value ($90.59)
Significantly Below Fair Value: MBIN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
Discover undervalued companies
How is Merchants Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MBIN's forecast earnings growth (5.2% per year) is above the savings rate (1.9%).
Earnings vs Market: MBIN's earnings (5.2% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: MBIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: MBIN's revenue (6.2% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: MBIN's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MBIN's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has Merchants Bancorp performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MBIN has high quality earnings.
Growing Profit Margin: MBIN's current net profit margins (46.2%) are lower than last year (50.3%).
Past Earnings Growth Analysis
Earnings Trend: MBIN's earnings have grown significantly by 36.1% per year over the past 5 years.
Accelerating Growth: MBIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MBIN had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Mortgage industry average (3.1%).
Return on Equity
High ROE: MBIN's Return on Equity (17.7%) is considered low.
Discover strong past performing companies
How is Merchants Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MBIN's Assets to Equity ratio (9x) is low.
Allowance for Bad Loans: MBIN has a sufficient allowance for bad loans (781%).
Low Risk Liabilities: 84% of MBIN's liabilities are made up of primarily low risk sources of funding.
Loan Level: MBIN has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: MBIN's Loans to Deposits ratio (85%) is appropriate.
Level of Bad Loans: MBIN has an appropriate level of bad loans (0.1%).
Discover healthy companies
What is Merchants Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MBIN's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: MBIN's dividend (1%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MBIN has been paying a dividend for less than 10 years.
Growing Dividend: MBIN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.8%), MBIN's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Dunlap (56 yo)
Mr. Michael J. Dunlap, also known as Mike, has been President of Merchants Bancorp since January 1, 2018 and serves as its Chief Operating Officer since January 1, 2018. Mr. Dunlap serves as Chief Executiv...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.49M) is below average for companies of similar size in the US market ($USD5.44M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: MBIN's management team is considered experienced (4.6 years average tenure).
Experienced Board: MBIN's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MBIN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Merchants Bancorp's employee growth, exchange listings and data sources
- Name: Merchants Bancorp
- Ticker: MBIN
- Exchange: NasdaqCM
- Founded: 1990
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$1.206b
- Shares outstanding: 43.11m
- Website: https://www.merchantsbancorp.com
Number of Employees
- Merchants Bancorp
- 410 Monon Boulevard
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.