MBIN
Merchants Bancorp
NASDAQ: MBIN · FINANCIAL SERVICES · BANKS - REGIONAL
$45.00
-9.33% today
Updated 2026-04-29
Market cap
$2.28B
P/E ratio
13.13
P/S ratio
4.05x
EPS (TTM)
$3.78
Dividend yield
0.80%
52W range
$29 – $50
Volume
0.2M
WallStSmart proprietary scores
51
out of 100
Grade: C
Hold
Investment rating
4.7
Growth
C4.0
Quality
C7.5
Profitability
B+6.0
Valuation
B2/9
Piotroski F-Score
Weak
0.6
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →201 stocks currently score above 75
Price targets
Analyst target
$48.67
+8.16%
12-Month target
$42.55
-5.44%
Intrinsic (DCF)
—
Margin of safety
—
2 Strong Buy0 Buy1 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Profit margin 38.80% — above average
Risks
- Piotroski 2/9 — weak financial health
- Altman Z 0.58 — distress zone
- Negative free cash flow $-196.39M
- Revenue declining -17.60% QoQ
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $602.07M | $1.19B | $1.45B | $1.37B | $563.69M |
| Net income | $219.72M | $279.23M | $320.39M | $218.77M | $67.85M |
| EPS | — | — | — | — | $3.78 |
| Free cash flow | $966.96M | $-363.93M | $-853.67M | $-376.67M | $-196.39M |
| Profit margin | 36.49% | 23.48% | 22.14% | 16.02% | 38.80% |
Peer comparison
Smart narrative
Merchants Bancorp trades at $45.00. representing a P/E of 13.13x trailing earnings. Our Smart Value Score of 51/100 indicates the stock is fair. The company scores 2/9 on the Piotroski F-Score. With an Altman Z-Score of 0.58, it sits in the distress. TTM revenue stands at $563.69M. with profit margins at 38.80%.
Frequently asked questions
What is Merchants Bancorp's stock price?
Merchants Bancorp (MBIN) trades at $45.00.
Is Merchants Bancorp overvalued?
Smart Value Score 51/100 (Grade C, Hold).
What is the price target of Merchants Bancorp (MBIN)?
The analyst target price is $48.67, representing +8.2% upside from the current price of $45.00.
What is Merchants Bancorp's revenue?
TTM revenue is $563.69M.
Piotroski F-Score?
2/9 — weak financial health.
Altman Z-Score?
0.58 — distress.
Company info
SectorFINANCIAL SERVICES
IndustryBANKS - REGIONAL
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio4.05x
ROE9.67%
Beta1.16
50D MA$44.65
200D MA$36.56
Shares out0.05B
Float0.03B
Short ratio—
Avg volume0.2M
Performance
1 week—
1 month—
3 months—
YTD—
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3 years—
5 years—