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MBIN

Merchants Bancorp
Nasdaq· State Commercial Banks· Inc. IN· CIK 0001629019 Traditional Finance
$49.57 +0.60 (+1.23%)
Oct 26 4:00 PM ET · prev $48.97
Market cap
$2.3B
Mid cap
Consensus
🔒 Subscribers only
Median target
$64.00
+29% · range $63.00–65.00
1 year
+53.2%
from $32.36 · Oct 27
30 days
−3.8%
from $51.55
52-week range
$30.42–55.72
−11% from high · low Nov 20
Avg volume 20D
164.8K
shares / day
Short interest
🔒 Subscribers only
Insider net
−$3.9M
0 buyers · 3 sellers · 12 mo
New fund stakes
0
Q2 2026 13F · 0 exits
Filing reports
3
analyzed by SecBot
SecBot read MIXED 2 reports · 90 days
Balance 0 bearish · 0 bullish · 2 neutral oldest → newest, height = score
Avg score ·High conf. 2/2
Strongest NEUTRAL CEO and a Director of Merchants Bancorp each sold $497K worth of shares on the same day at the same price…
All reports →

Price

Daily candles with volume. Pins mark insider trades, rating changes, 13F stakes, reports, catalysts and short-interest jumps.

  • S Feb 2 to Feb 10 7 days of insider sells: $1.0M by 2 insiders, avg $23.40
  • S May 5 to May 6 2 days of insider sells: $1.8M by 1 insider, avg $46.77
  • A Jul 1 Raymond James downgrades
  • S Jul 30 2 insiders sell $993.6K at $55.20
  • X Sep 15 Short interest jumps 40.3% to 2.55M

Signal stack

Where each data set points today.

  • InsidersBEARISH

    3 insiders sold $3.9M.

  • InstitutionsMIXED

    Q2 2026: 10 added (0 new), 9 trimmed or exited.

  • AnalystsLOCKED

    Updated in the last 24 hours. 🔒 Subscribers only.

  • EstimatesRISING

    Current-quarter EPS estimate $1.290 → $1.393 over 90 days. 0 up, 1 down in 30 days.

  • TrendDOWNTREND

    3% below its 50-day average.

Who's buying

13F· Q2 2026
0
new positions
0
exits
FundMoveSharesValue
Russell Investments Group, Ltd.ADD112,021$5.6M
GOLDMAN SACHS GROUP INCTRIM71,239$3.6M
SEI INVESTMENTS COTRIM54,722$2.7M
Quantinno Capital Management LPADD50,163$2.5M
CITIGROUP INCDOUBLED42,361$2.1M
FEDERATED HERMES, INC.ADD24,990$1.2M
WELLS FARGO & COMPANY/MNDOUBLED21,957$1.1M
JPMORGAN CHASE & COTRIM17,799$945.8K

Quarterly 13F filings are due 45 days after each quarter ends.

The Street

last action Oct 2026

Fresh Analyst Consensus

The current analyst rating distribution is for subscribers only.

Subscribe for Full Access
12-month targets · 2 analysts

Price is below the lowest target. Median implies +29%.Targets as of Oct 27, 2026.

Recent actions
DateFirmActionRating
Oct 5, 2026Piper Sandler
MAINTAIN
MAINTAINOverweight
Sep 8, 2026Morgan Stanley
MAINTAIN
MAINTAINEqual-Weight
Jul 29, 2026Piper Sandler
MAINTAIN
MAINTAINOverweight
Jul 1, 2026Raymond James
DOWNGRADE
DOWNGRADEMarket Perform
Jun 29, 2026Morgan Stanley
MAINTAIN
MAINTAINEqual-Weight

Insider ledger

Form 4
$0
bought · 0 insiders
$3.9M
sold · 3 insiders
DateInsiderTypeValue
Aug 20, 2026
O'Brien Patrick D.
Director
AWARD$17.5K
Aug 20, 2026
Dinwiddie Thomas
Director
AWARD$17.5K
Aug 20, 2026
JUSTER ANDREW
Director
AWARD$17.5K
Aug 20, 2026
Curless Michael S
Director
AWARD$17.5K
Aug 20, 2026
Catchings Tamika
Director
AWARD$17.5K
Aug 20, 2026
Shaffer Mark E.
Director
AWARD$17.5K
Aug 20, 2026
Sellers Anne E.
Director
AWARD$17.5K
Aug 5, 2026
Dury Michael R.
CEO of Merchants Capital
GIFT3,700 sh

Earnings setup

Estimates
$1.39
EPS estimate, this quarter
+8%
estimate change, 90 days
0↑ 1↓
revisions, 30 days
Current-quarter EPS estimate
PeriodEPS est.Range30D rev.Revenue
Current Q$1.39$1.38–$1.40-0.7%$182.9M
Next Q$1.45$1.42–$1.50+0.2%$187.6M
Current FY🔒 Fresh data, subscribers only
Next FY🔒 Fresh data, subscribers only

Short side

FINRA· Oct 15, 2026
🔒 Subscribers only
shares short
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 22, 2026 Earnings calendar
MBIN Q3 2026 Earnings Scheduled — 2026-10-22
Aug 20, 2026 Insider
O'Brien Patrick D. was granted 328 shares
Director @ $53.50 ($17.5K)
Aug 20, 2026 Insider
Dinwiddie Thomas was granted 328 shares
Director @ $53.50 ($17.5K)
Aug 20, 2026 Insider
JUSTER ANDREW was granted 328 shares
Director @ $53.50 ($17.5K)
Jul 31, 2026 SEC
Two MBIN insiders (Chairman/CEO Petrie and Director Kaercher) sold a combined $994K in open-market sales on July 30…
CLUSTER — Impact 2/10
Jul 31, 2026 SEC
CEO and a Director of Merchants Bancorp each sold $497K worth of shares on the same day at the same price. The total…
CLUSTER — Impact 3/10
Jun 30, 2026 Inst.
Russell Investments Group, Ltd. — ADD
112,021 shares ($5.6M)
Jun 30, 2026 Inst.
GOLDMAN SACHS GROUP INC — TRIM
71,239 shares ($3.6M)
Catalysts
Scheduled dates and disclosed events: earnings, FDA and trial readouts, halts, press releases. Colored dot = impact.
Recent
Oct 22, 2026
Earnings date
MBIN Q3 2026 Earnings Scheduled — 2026-10-22
Sep 30, 2026
Short interest
Short Interest: MBIN down 23% to 2.0M shares
Settlement 2026-09-30 | Days to cover: 7.68 | ≈4.27% of shares outstanding (est.)
Sep 15, 2026
Short interest
Short Interest: MBIN up 40% to 2.6M shares
Settlement 2026-09-15 | Days to cover: 12.23 | ≈5.55% of shares outstanding (est.)
Jul 28, 2026
Earnings date
MBIN Q2 2026 Earnings Scheduled — 2026-07-28
Jun 30, 2026
Short interest
Short Interest: MBIN down 31% to 1.6M shares
Settlement 2026-06-30 | Days to cover: 5.82 | ≈3.45% of shares outstanding (est.)

SecBot reports

3 filings · 0 bullish · 0 bearish · 1 mixed · 2 neutral
All MBIN filing & press-release reports (3)