MBIN Merchants Bancorp

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. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products comprising checking, savings, money market, certificates of deposit, and time deposit accounts; and multi-family construction and bridge, commercial real estate, commercial and industrial, residential mortgage, and consumer loan products. This segment also engages in the agricultural lending, small business administration lending, single-family mortgage lending, and correspondent lending and servicing businesses. It operates 16 branches in various states, including Indiana, Illinois, Florida, New York, and Minnesota. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

Date	Price Target	Rating	Analyst
9/9/2024	$54.00	Equal-Weight	Morgan Stanley
7/30/2024	$55.00 → $58.00	Strong Buy → Outperform	Raymond James
11/2/2021	$49.00 → $55.00	Strong Buy	Raymond James
8/26/2021	$57.00 → $49.00	Strong Buy	Raymond James

Merchants Bancorp

Peers

Recent Analyst Ratings for Merchants Bancorp

Merchants Bancorp Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

CEO of Merchants Capital Dury Michael R. bought $101,992 worth of shares (3,305 units at $30.86), increasing direct ownership by 3% to 106,574 units (SEC Form 4)

President, COO Dunlap Michael J. bought $122,377 worth of shares (4,000 units at $30.59), increasing direct ownership by 2% to 199,911 units (SEC Form 4)

CEO of Merchants Capital Dury Michael R. bought $157,002 worth of shares (5,200 units at $30.19), increasing direct ownership by 5% to 103,269 units (SEC Form 4)

CEO of Merchants Capital Dury Michael R. bought $105,867 worth of shares (2,700 units at $39.21), increasing direct ownership by 3% to 96,493 units (SEC Form 4)

Director O'Brien Patrick D. bought $2,000,000 worth of Series E Depositary Shares (80,000 units at $25.00) and was granted 449 shares (SEC Form 4)

Director Catchings Tamika bought $2,500 worth of Series E Depositary Shares (100 units at $25.00) and was granted 449 shares (SEC Form 4)

Director Shane David N. bought $50,000 worth of Series E Depositary Shares (2,000 units at $25.00) and was granted 449 shares (SEC Form 4)

CEO of Merchants Capital Dury Michael R. bought $201,293 worth of shares (5,200 units at $38.71), increasing direct ownership by 6% to 93,793 units (SEC Form 4)

CEO of Merchants Capital Dury Michael R. bought $268,944 worth of shares (6,000 units at $44.82), increasing direct ownership by 7% to 88,593 units (SEC Form 4)

Dury Michael R. bought $255,640 worth of Series C Depositary Shares (14,000 units at $18.26), increasing direct ownership by 117% to 26,000 units (SEC Form 4)