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 |
CARMEL, Ind., May 15, 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 second quarter of 2025, in each case to shareholders of record on June 13, 2025, payable on July 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 the Compa
First quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to prior periods.First quarter 2025 diluted earnings per common share of $0.93 decreased 48% compared to the first quarter of 2024 and decreased 50% compared to the fourth quarter of 2024.Unfav
CARMEL, Ind., Feb. 20, 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 first quarter of 2025, in each case to shareholders of record on March 14, 2025, payable on April 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 the Com
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
CARMEL, Ind., May 15, 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 second quarter of 2025, in each case to shareholders of record on June 13, 2025, payable on July 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 the Compa
First quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to prior periods.First quarter 2025 diluted earnings per common share of $0.93 decreased 48% compared to the first quarter of 2024 and decreased 50% compared to the fourth quarter of 2024.Unfav
CARMEL, Ind., Feb. 20, 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 first quarter of 2025, in each case to shareholders of record on March 14, 2025, payable on April 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 the Com
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
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)
10-Q - Merchants Bancorp (0001629019) (Filer)
8-K - Merchants Bancorp (0001629019) (Filer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)