Merchants Bancorp Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:MBIN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
21 Nov 24	BuyUS$105,867	Michael Dury	Individual	2,700	US$39.21
27 Aug 24	SellUS$999,747	Michael Petrie	Individual	22,050	US$45.34
05 Aug 24	BuyUS$201,293	Michael Dury	Individual	5,200	US$39.11
31 Jul 24	BuyUS$268,944	Michael Dury	Individual	6,000	US$45.04

Insider Trading Volume

Insider Buying: MBIN insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MBIN?
Owner Type	Number of Shares	Ownership Percentage
General Public	14,446,284	31.6%
Institutions	14,810,159	32.4%
Individual Insiders	16,507,580	36.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.

Top Shareholders

Top 25 shareholders own 57.72% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
27.6%	Michael Petrie	12,650,641	US$459.6m	-7.16%	no data
7.04%	Randall Rogers	3,223,025	US$117.1m	0%	no data
3.37%	BlackRock, Inc.	1,544,253	US$56.1m	6.74%	no data
2.72%	The Vanguard Group, Inc.	1,243,078	US$45.2m	3.53%	no data
2.48%	Dimensional Fund Advisors LP	1,134,268	US$41.2m	10.9%	0.01%
1.32%	Basswood Capital Management, L.L.C.	601,954	US$21.9m	-5.45%	1.09%
1.24%	Geode Capital Management, LLC	566,520	US$20.6m	3.03%	no data
1.07%	Royce & Associates, LP	490,189	US$17.8m	143%	0.15%
1.01%	Invesco Ltd.	463,087	US$16.8m	8,970%	no data
0.98%	State Street Global Advisors, Inc.	448,525	US$16.3m	4.72%	no data
0.93%	American Century Investment Management Inc	426,023	US$15.5m	15.1%	0.01%
0.86%	Morgan Stanley, Investment Banking and Brokerage Investments	394,226	US$14.3m	64.1%	no data
0.85%	1st & Main Growth Partners	389,615	US$14.2m	3.31%	1.45%
0.74%	Goldman Sachs Asset Management, L.P.	337,130	US$12.2m	172%	no data
0.72%	Boston Partners Global Investors, Inc.	327,849	US$11.9m	242%	0.01%
0.58%	Federated Hermes, Inc.	266,418	US$9.7m	-4.14%	0.02%
0.51%	Charles Schwab Investment Management, Inc.	233,482	US$8.5m	-8.82%	no data
0.5%	Marshall Wace LLP	230,454	US$8.4m	-36.9%	0.01%
0.48%	Valeo Financial Advisors, LLC	218,537	US$7.9m	-7.18%	0.21%
0.48%	Citadel Advisors LLC	217,671	US$7.9m	-24.3%	0.01%
0.47%	Hotchkis and Wiley Capital Management, LLC	214,480	US$7.8m	-4.45%	0.02%
0.46%	SEI Investments Company	209,921	US$7.6m	2,350%	0.01%
0.45%	Royal Bank of Canada, Banking & Securities Investments	207,403	US$7.5m	5.29%	no data
0.41%	PL Capital Advisors, LLC	188,294	US$6.8m	0%	2.22%
0.41%	JP Morgan Asset Management	185,687	US$6.7m	-53.8%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 02:14
End of Day Share Price	2024/12/24 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 here.

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 .

Analyst Sources

Merchants Bancorp is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Manan Gosalia	Morgan Stanley
Nathan Race	Piper Sandler Companies
David Feaster	Raymond James & Associates