Morgan Stanley initiated coverage on Merchants Bancorp with a new price target
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Morgan Stanley initiated coverage of Merchants Bancorp with a rating of Equal-Weight and set a new price target of $54.00
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| 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 |
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
Third quarter 2025 net income of $54.7 million, decreased $6.6 million compared to third quarter of 2024 and increased $16.7 million compared to the second quarter 2025.Third quarter 2025 diluted earnings per common share of $0.97 decreased 17% compared to the third quarter of 2024 and increased 62% compared to the second quarter of 2025.The total provision for credit losses decreased 45%, or $23.8 million, and loans receivable classified as special mention decreased by 9%, to $155.7 million, compared to June 30, 2025.Gain on sale of loans increased $7.9 million, or 47%, compared to the third quarter of 2024 and $1.3 million, or 6%, compared to the second quarter of 2025, highlighting the st
CARMEL, Ind., Aug. 21, 2025 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2025, in each case to shareholders of record on September 15, 2025, payable on October 1, 2025: A dividend of $0.10 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on t
Second quarter 2025 net income of $38.0 million, decreased $38.4 million compared to second quarter of 2024 and decreased $20.3 million compared to the first quarter 2025, reflecting an increase in provision for credit losses of $43.1 million and $45.3 million, respectively.An increase in provision for credit losses was primarily associated with estimated declines on multi-family property values after receiving new appraisals and the ongoing investigation of borrowers involved in mortgage fraud or suspected fraud.Second quarter 2025 diluted earnings per common share of $0.60 decreased 60% compared to the second quarter of 2024 and decreased 35% compared to the first quarter of 2025.Tangible
Morgan Stanley initiated coverage of Merchants Bancorp with a rating of Equal-Weight and set a new price target of $54.00
Raymond James downgraded Merchants Bancorp from Strong Buy to Outperform and set a new price target of $58.00 from $55.00 previously
Raymond James reiterated coverage of Merchants Bancorp with a rating of Strong Buy and set a new price target of $55.00 from $49.00 previously
8-K - Merchants Bancorp (0001629019) (Filer)
8-K - Merchants Bancorp (0001629019) (Filer)
10-Q - Merchants Bancorp (0001629019) (Filer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
CARMEL, Ind., May 19, 2022 /PRNewswire/ -- Merchants Bancorp (NASDAQ:MBIN) (the "Company" or "Merchants"), parent company of Merchants Bank of Indiana, today announces the appointment of Tamika Catchings and Thomas Dinwiddie to the Company's board of directors. With these new appointments, Catchings and Dinwiddie join a group of 11 distinguished members of the Merchants board. From 2001 to 2016, Catchings played for the Indiana Fever, the Indianapolis WNBA team, and became one of the most decorated athletes of all time. She is a four-time Olympic gold medalist, ten-time WNBA A
Third quarter 2025 net income of $54.7 million, decreased $6.6 million compared to third quarter of 2024 and increased $16.7 million compared to the second quarter 2025.Third quarter 2025 diluted earnings per common share of $0.97 decreased 17% compared to the third quarter of 2024 and increased 62% compared to the second quarter of 2025.The total provision for credit losses decreased 45%, or $23.8 million, and loans receivable classified as special mention decreased by 9%, to $155.7 million, compared to June 30, 2025.Gain on sale of loans increased $7.9 million, or 47%, compared to the third quarter of 2024 and $1.3 million, or 6%, compared to the second quarter of 2025, highlighting the st
CARMEL, Ind., Aug. 21, 2025 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2025, in each case to shareholders of record on September 15, 2025, payable on October 1, 2025: A dividend of $0.10 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on t
Second quarter 2025 net income of $38.0 million, decreased $38.4 million compared to second quarter of 2024 and decreased $20.3 million compared to the first quarter 2025, reflecting an increase in provision for credit losses of $43.1 million and $45.3 million, respectively.An increase in provision for credit losses was primarily associated with estimated declines on multi-family property values after receiving new appraisals and the ongoing investigation of borrowers involved in mortgage fraud or suspected fraud.Second quarter 2025 diluted earnings per common share of $0.60 decreased 60% compared to the second quarter of 2024 and decreased 35% compared to the first quarter of 2025.Tangible
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)