MBIN
Merchants Bancorp
$50.11
+1.11%
$2.3B
No data for this timeframe.
Vol
Market Cap$2.3B
Cap SizeMid Cap
Inst. Holders50 funds
Inst. Value$560.4M
Inst. Activity16 buys / 4 sells
Insider Activity0B / 10S
Insider Net $-$2.4M
SEC Reports1
Recent Activity
Jun 11, 2026
SEC
In Q3 2024, a mixed institutional cluster formed in Merchants Bancorp (MBIN): 10 funds accumulated $51.0M in new holding
INST-CLUSTER — Impact 5/10
Jun 3, 2026
Insider
Dury Michael R. gifted 10,700 shares
CEO of Merchants Capital
May 21, 2026
Insider
Curless Michael S was granted 381 shares
Director @ $46.03 ($17.5K)
May 21, 2026
Insider
Sellers Anne E. was granted 381 shares
Director @ $46.03 ($17.5K)
Inst.
BlackRock, Inc. — DOUBLED
4,050,918 shares ($173.8M)
Inst.
STATE STREET CORP — ADD
1,034,632 shares ($44.5M)
Apr 27, 2026
earnings_calendar
MBIN Q1 2026 Earnings Scheduled — 2026-04-27
Price Targets
Historical data — last covering-analyst action Mar 2026. No current recommendation available.
$51.67 (Mar 2026)
Current $50.11
Low $46.00
Median $51.00
High $58.00
3 analysts
$46.00
$58.00
Analyst Ratings
2Strong Buy
5Buy
2Hold
0Sell
0Strong Sell
Historical Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Mar 2, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight → Equal-Weight |
| Jan 30, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight → Equal-Weight |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $1.25 ▼ -1.6% | $1.24 — $1.26 | 108% YoY | 3 |
| Next Q | $1.32 ▼ -3.2% | $1.30 — $1.35 | 36% YoY | 3 |
| Current FY | $5.12 ▼ -2.2% | $5.08 — $5.19 | 36% YoY | 3 |
| Next FY | $5.70 ▼ -1.0% | $5.50 — $5.96 | 11% YoY | 3 |
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| BlackRock, Inc. | $173.8M | DOUBLED |
| DIMENSIONAL FUND ADVISORS LP | $75.5M | — |
| NOMURA ASSET MANAGEMENT INTERNATIONAL | $46.9M | — |
| STATE STREET CORP | $44.5M | ADD |
| VANGUARD CAPITAL MANAGEMENT LLC | $42.9M | — |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 3, 2026 | Dury Michael | G | $0.00 |
| May 21, 2026 | Curless Michael | A | $17.5K |
| May 21, 2026 | Sellers Anne | A | $17.5K |
| May 21, 2026 | Catchings Tamika | A | $17.5K |
| May 21, 2026 | O'Brien Patrick | A | $17.5K |
50 institutional holders with $560.4M total value (13,064,099 shares) as of 2026-Q1. Top holders: BlackRock,, DIMENSIONAL, NOMURA. Net buying activity: 16 institutions added/increased vs 4 reduced.
Top Institutional Holders — 2026-Q1
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4,050,918 | $173.8M | 31.0% | DOUBLED +115.3% |
| 2 | DIMENSIONAL FUND ADVISORS LP | 1,758,985 | $75.5M | 13.5% | — |
| 3 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1,093,004 | $46.9M | 8.4% | — |
| 4 | STATE STREET CORP | 1,034,632 | $44.5M | 7.9% | ADD +80.2% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1,000,776 | $42.9M | 7.7% | — |
| 6 | ROYCE & ASSOCIATES LP | 567,267 | $24.3M | 4.3% | TRIM -29.8% |
| 7 | VANGUARD PORTFOLIO MANAGEMENT LLC | 464,663 | $19.9M | 3.6% | — |
| 8 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 302,408 | $13.0M | 2.3% | — |
| 9 | MORGAN STANLEY | 298,060 | $12.8M | 2.3% | — |
| 10 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 248,082 | $10.6M | 1.9% | — |
| 11 | ROYAL BANK OF CANADA | 212,852 | $9.1M | 1.6% | — |
| 12 | VANGUARD FIDUCIARY TRUST CO | 181,876 | $7.8M | 1.4% | — |
| 13 | Invesco Ltd. | 155,067 | $6.7M | 1.2% | DOUBLED +238.4% |
| 14 | GOLDMAN SACHS GROUP INC | 126,561 | $5.4M | 1.0% | — |
| 15 | FIRST TRUST ADVISORS LP | 116,355 | $5.0M | 0.9% | DOUBLED +458.7% |
| 16 | SEI INVESTMENTS CO | 108,975 | $4.7M | 0.8% | ADD +94.9% |
| 17 | FRANKLIN RESOURCES INC | 107,571 | $4.6M | 0.8% | DOUBLED +520.4% |
| 18 | BANK OF AMERICA CORP /DE/ | 106,357 | $4.6M | 0.8% | ADD +66.8% |
| 19 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 105,057 | $4.5M | 0.8% | — |
| 20 | DEUTSCHE BANK AG\ | 102,958 | $4.4M | 0.8% | ADD +49.8% |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| BlackRock, Inc. | DOUBLED | 1,881,468 | 4,050,918 | +115.3% | $173.8M | 2026-Q1 |
| STATE STREET CORP | ADD | 574,086 | 1,034,632 | +80.2% | $44.5M | 2026-Q1 |
| ROYCE & ASSOCIATES LP | TRIM | 808,314 | 567,267 | -29.8% | $24.3M | 2026-Q1 |
| Invesco Ltd. | DOUBLED | 45,818 | 155,067 | +238.4% | $6.7M | 2026-Q1 |
| SEI INVESTMENTS CO | ADD | 55,924 | 108,975 | +94.9% | $4.7M | 2026-Q1 |
| FRANKLIN RESOURCES INC | DOUBLED | 17,340 | 107,571 | +520.4% | $4.6M | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ | ADD | 63,775 | 106,357 | +66.8% | $4.6M | 2026-Q1 |
| DEUTSCHE BANK AG\ | ADD | 68,731 | 102,958 | +49.8% | $4.4M | 2026-Q1 |
| MACKENZIE FINANCIAL CORP | ADD | 57,324 | 87,093 | +51.9% | $3.7M | 2026-Q1 |
| Russell Investments Group, Ltd. | TRIM | 122,690 | 85,842 | -30.0% | $3.7M | 2026-Q1 |
| RHUMBLINE ADVISERS | DOUBLED | 33,321 | 77,434 | +132.4% | $3.3M | 2026-Q1 |
| AMERIPRISE FINANCIAL INC | ADD | 44,050 | 72,752 | +65.2% | $3.1M | 2026-Q1 |
| Legal & General Group Plc | DOUBLED | 21,671 | 58,447 | +169.7% | $2.5M | 2026-Q1 |
| Trexquant Investment LP | TRIM | 67,660 | 29,191 | -56.9% | $1.3M | 2026-Q1 |
| FEDERATED HERMES, INC. | ADD | 13,720 | 17,844 | +30.1% | $765.7K | 2026-Q1 |
| FMR LLC | NEAR_EXIT | 50,055 | 4,732 | -90.5% | $203.1K | 2026-Q1 |
| CWM, LLC | ADD | 1,797 | 2,493 | +38.7% | $107.0K | 2026-Q1 |
| Rockefeller Capital Management L.P. | DOUBLED | 651 | 1,456 | +123.7% | $62.5K | 2026-Q1 |
| NISA INVESTMENT ADVISORS, LLC | ADD | 238 | 371 | +55.9% | $15.9K | 2026-Q1 |
| Allworth Financial LP | ADD | 124 | 159 | +28.2% | $6.8K | 2026-Q1 |
| FIRST TRUST ADVISORS LP | DOUBLED | 25,264 | 141,145 | +458.7% | $4.8M | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP | TRIM | 175,754 | 80,276 | -54.3% | $2.7M | 2025-Q4 |
| Trexquant Investment LP | ADD | 49,895 | 67,660 | +35.6% | $2.3M | 2025-Q4 |
| MACKENZIE FINANCIAL CORP | DOUBLED | 19,062 | 57,324 | +200.7% | $1.9M | 2025-Q4 |
| SEI INVESTMENTS CO | DOUBLED | 13,471 | 55,924 | +315.1% | $1.9M | 2025-Q4 |
17 unique insiders with 30 transactions. Net insider value: -$2.4M ($0.00 bought, $2.4M sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | Dury Michael R. | CEO of Merchants Capital | GIFT | 10,700 | — | — |
| May 21, 2026 | Curless Michael S | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | Sellers Anne E. | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | Catchings Tamika | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | O'Brien Patrick D. | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | JUSTER ANDREW | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | Dinwiddie Thomas | Director | AWARD | 381 | $46.03 | $17.5K |
| May 21, 2026 | Shaffer Mark E. | Director | AWARD | 381 | $46.03 | $17.5K |
| May 15, 2026 | Petrie Michael F. | Chairman and CEO | GIFT | 16,000 | — | — |
| May 7, 2026 | Langford Kevin T | Chief Administrative Officer | GIFT | 650 | — | — |
| May 6, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 8,334 | $46.86 | $390.5K |
| May 5, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 20,000 | $46.75 | $935.0K |
| Feb 19, 2026 | Shane David N. | Director | AWARD | 377 | $46.45 | $17.5K |
| Feb 10, 2026 | Schroeter Martin A | President-Warehouse Lending | SELL | 5,500 | $46.06 | $253.3K |
| Feb 10, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 4,455 | $20.20 | $90.0K |
| Feb 9, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 14,610 | $20.20 | $295.1K |
| Feb 6, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 7,149 | $20.20 | $144.4K |
| Feb 5, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 2,034 | $20.20 | $41.1K |
| Feb 4, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 6,929 | $20.20 | $140.0K |
| Feb 3, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 1,383 | $20.20 | $27.9K |
| Feb 2, 2026 | Petrie Michael F. | Chairman and CEO | SELL | 2,404 | $20.20 | $48.6K |
| Feb 1, 2026 | Oznick Terry A | SVP, General Counsel | TAX W/H | 2,685 | $41.46 | $111.3K |
| Feb 1, 2026 | Sievers Sean A. | CHIEF FINANCIAL OFFICER | TAX W/H | 246 | $41.46 | $10.2K |
| Feb 1, 2026 | Dunlap Michael J. | President, COO | TAX W/H | 7,766 | $41.46 | $322.0K |
| Feb 1, 2026 | Dury Michael R. | CEO of Merchants Capital | TAX W/H | 2,972 | $41.46 | $123.2K |
| Feb 1, 2026 | Evans Scott A. | Lynn Market President | TAX W/H | 1,817 | $41.46 | $75.3K |
| Feb 1, 2026 | Koors Jerry F. | Merchants Mortgage President | TAX W/H | 2,140 | $41.46 | $88.7K |
| Feb 1, 2026 | Langford Kevin T | Chief Administrative Officer | TAX W/H | 2,483 | $41.46 | $102.9K |
| Feb 1, 2026 | Petrie Michael F. | Chairman and CEO | TAX W/H | 9,685 | $41.46 | $401.5K |
| Feb 1, 2026 | Schroeter Martin A | President-Warehouse Lending | TAX W/H | 663 | $41.46 | $27.5K |
1 SEC filing reports analyzed. Sentiment: 0 bullish, 0 bearish, 1 mixed, 0 neutral. Avg impact: 5.0/10.
No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.
Historical analyst distribution (last covering-analyst action Mar 2026): 78% buy across 9 analysts — 2 strong buy, 5 buy, 2 hold, 0 sell, 0 strong sell. No current recommendation available.
Analyst Price Targets
Historical data — last covering-analyst action Mar 2026. No current recommendation available.
$51.67 mean target (Mar 2026)
$46.00 Low
$58.00 High
| Metric | Value |
|---|---|
| Current Price | $50.11 |
| Target Low | $46.00 |
| Target Mean | $51.67 |
| Target Median | $51.00 |
| Target High | $58.00 |
| # Analysts | 3 |
| Recommendation | — (no recent coverage) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$1.25 | $1.24 | $1.26 | 108.3% | -1.6% | 1↑ 2↓ | $0.2B | 1.8% | 3 |
| Next Q 2026-09-30 |
$1.32 | $1.30 | $1.35 | 35.7% | -3.2% | 0↑ 3↓ | $0.2B | 7.9% | 3 |
| Current FY 2026-12-31 |
$5.12 | $5.08 | $5.19 | 35.5% | -2.2% | 1↑ 2↓ | $0.7B | 7.1% | 3 |
| Next FY 2027-12-31 |
$5.70 | $5.50 | $5.96 | 11.2% | -1.0% | 1↑ 2↓ | $0.8B | 4.2% | 3 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $1.250 | |
| 7d ago | $1.287 | -0.037 |
| 30d ago | $1.270 | -0.020 |
| 60d ago | $1.270 | -0.020 |
| 90d ago | $1.240 | +0.010 |
1 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.
Historical Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| Mar 2, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | Equal-Weight |
| Jan 30, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | Equal-Weight |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% | |
| May 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% | |
| Apr 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% | |
| Mar 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% | |
| Feb 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% | |
| Jan 1, 2026 | 2 | 5 | 2 | 0 | 0 | 78% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.
Apr 27, 2026
earnings_calendar
MBIN Q1 2026 Earnings Scheduled — 2026-04-27
Apr 23, 2026
earnings_calendar
MBIN Q1 2026 Earnings Scheduled — 2026-04-23
Mar 13, 2026
short_interest
FTD: MBIN — 22,198 shares ($0.9M) failed to deliver
Settlement: 20260313, Price: $42.26, FTD Value: $938,087.48, MERCHANTS BANCORP IND COM