MFGI Stock Overview

Operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individuals and companies in the United States. More details

MFGI fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 67.6% below our estimate of its fair value

Risk Analysis

Earnings have declined by 0.6% per year over past 5 years

Shares are highly illiquid

Unstable dividend track record

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Merchants Financial Group, Inc. Competitors

Virginia National Bankshares

NasdaqCM:VABK

US$196.4m

Western New England Bancorp

NasdaqGS:WNEB

US$198.8m

First Western Financial

NasdaqGS:MYFW

US$201.3m

National Bankshares

NasdaqCM:NKSH

US$181.7m

Price History & Performance

Summary of share price highs, lows and changes for Merchants Financial Group
Historical stock prices
Current Share Price	US$24.30
52 Week High	US$29.44
52 Week Low	US$23.50
Beta	0.14
1 Month Change	-2.80%
3 Month Change	-10.03%
1 Year Change	1.25%
3 Year Change	-8.86%
5 Year Change	-0.59%
Change since IPO	180.38%

Recent updates

Shareholder Returns

	MFGI	US Banks	US Market
7D	-1.2%	-0.4%	1.5%
1Y	1.3%	40.5%	22.4%

Return vs Industry: MFGI underperformed the US Banks industry which returned 40.5% over the past year.

Return vs Market: MFGI underperformed the US Market which returned 22.4% over the past year.

Price Volatility

Is MFGI's price volatile compared to industry and market?
MFGI volatility
MFGI Average Weekly Movement	n/a
Banks Industry Average Movement	3.8%
Market Average Movement	5.9%
10% most volatile stocks in US Market	18.0%
10% least volatile stocks in US Market	3.0%

Stable Share Price: MFGI's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine MFGI's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1875	n/a	Greg Evans	www.merchantsbank.com

Merchants Financial Group, Inc. operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individuals and companies in the United States. It offers checking, savings, certificates of deposit, and individual retirement accounts; and debit, gift, travel, and credit cards. The company also provides personal loans for cars and autos, boats, trailers, motorcycles, tractors, or RVs; commercial, agricultural, construction, and small business loans; floor plan financing; mortgages; and home equity line of credit.

Merchants Financial Group, Inc. Fundamentals Summary

How do Merchants Financial Group's earnings and revenue compare to its market cap?
MFGI fundamental statistics
Market cap	US$193.41m
Earnings (TTM)	US$19.66m
Revenue (TTM)	US$104.26m

9.8x

P/E Ratio

0.7x

P/B Ratio

Is MFGI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MFGI income statement (TTM)
Revenue	US$104.26m
Cost of Revenue	US$0
Gross Profit	US$104.26m
Other Expenses	US$84.60m
Earnings	US$19.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.47
Gross Margin	100.00%
Net Profit Margin	18.86%
Debt/Equity Ratio	21.9%

How did MFGI perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

29%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/16 20:38
End of Day Share Price	2025/02/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Merchants Financial Group, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Merchants Financial Group OTCPK:MFGI Stock Report