Merchants Bancorp (NASDAQ:MBINM) shares traded -1.30% lower at $26.50 on Wall Street last session.
In accordance with the data, 2 analysts cover Merchants Bancorp (NASDAQ:MBINM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $29.00, we find $30.50. Given the previous closing price of $26.85, this indicates a potential upside of 13.59 percent. MBINM stock price is now 3.27% away from the 50-day moving average and 3.27% away from the 200-day moving average.
It has been rated a hold by 0 analysts and a buy by 2. Brokers who have rated the stock have averaged $30.50 as their price target over the next twelve months.
There have been several recent changes in the stakes of large investors in MBINM stock. A new stake in Merchants Bancorp shares was purchased by MALTESE CAPITAL MANAGEMENT LLC during the first quarter worth $4,638,000. In total, there are 2 active investors with 9.34% ownership of the company’s stock.
Merchants Bancorp (NASDAQ: MBINM) opened at $26.91 on Monday. During the past 12 months, Merchants Bancorp has had a low of $24.76 and a high of $27.25. The fifty day moving average price for MBINM is $25.66 and a two-hundred day moving average price translates $25.66 for the stock.
The latest earnings results from Merchants Bancorp (NASDAQ: MBINM) was released for Jun, 2022.
Merchants Bancorp(MBINM) Company Profile
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. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. 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, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.