Merchants Bancorp (MBIN) Stock Forecast, Price Target & Predictions
MBIN Stock Forecast
Merchants Bancorp stock forecast is as follows: an average price target of $43.50 (represents a 6.75% upside from MBIN’s last price of $40.75) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
MBIN Price Target
The average price target for Merchants Bancorp (MBIN) is $43.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $54.00 to $33.00. This represents a potential 6.75% upside from MBIN's last price of $40.75.
MBIN Analyst Ratings
According to 4 Wall Street analysts, Merchants Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for MBIN stock is 1 'Strong Buy' (25.00%), 2 'Buy' (50.00%), 1 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Merchants Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 09, 2024 | Manan Gosalia | Morgan Stanley | $54.00 | $43.38 | 24.48% | 32.52% |
| May 02, 2022 | - | Raymond James | $33.00 | $23.52 | 40.31% | -19.02% |
The latest Merchants Bancorp stock forecast, released on Sep 09, 2024 by Manan Gosalia from Morgan Stanley, set a price target of $54.00, which represents a 24.48% increase from the stock price at the time of the forecast ($43.38), and a 32.52% increase from MBIN last price ($40.75).
Merchants Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $54.00 | $54.00 |
| Last Closing Price | $40.75 | $40.75 | $40.75 |
| Upside/Downside | -100.00% | 32.52% | 32.52% |
In the current month, the average price target of Merchants Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Merchants Bancorp's last price of $40.75. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 12, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 09, 2024 | Morgan Stanley | - | Equal-Weight | Initialise |
| Jul 30, 2024 | Sandler O'Neil | Underperform | Underperform | Hold |
| Jul 30, 2024 | Sandler O'Neill | Strong Buy | Strong Buy | Hold |
| Jul 30, 2024 | Raymond James | Strong Buy | Outperform | Downgrade |
| May 03, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| May 02, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
Merchants Bancorp's last stock rating was published by Piper Sandler on Oct 21, 2024. The company gave MBIN a "Overweight" rating, the same as its previous rate.
Merchants Bancorp Financial Forecast
Merchants Bancorp Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $346.21M | - | $134.59M | $114.15M | $117.31M | $113.34M | $20.75M | $23.10M | $111.53M | $107.42M | $95.34M | $113.38M | $109.03M | $101.03M | $75.38M | $57.09M | $59.32M | $42.23M | $36.45M | $26.86M | $30.46M | $32.83M |
| Avg Forecast | $169.10M | $166.45M | $162.20M | $156.90M | $158.50M | $159.70M | $160.55M | $144.15M | $142.65M | $135.55M | $122.90M | $117.65M | $111.40M | $115.15M | $93.33M | $100.40M | $98.68M | $93.12M | $101.35M | $92.34M | $91.18M | $72.35M | $59.37M | $43.50M | $44.29M | $41.93M | $37.76M | $36.38M | $27.65M | $29.54M |
| High Forecast | $173.76M | $171.04M | $166.67M | $160.24M | $163.97M | $164.10M | $164.97M | $148.12M | $144.00M | $136.00M | $126.29M | $120.89M | $114.47M | $115.15M | $93.33M | $100.40M | $98.68M | $93.12M | $101.35M | $92.34M | $91.18M | $72.35M | $59.37M | $43.50M | $44.29M | $41.93M | $37.76M | $36.38M | $33.18M | $35.44M |
| Low Forecast | $163.95M | $161.38M | $157.26M | $153.62M | $151.11M | $154.83M | $155.66M | $139.76M | $141.30M | $135.10M | $119.15M | $114.06M | $108.00M | $115.15M | $93.33M | $100.40M | $98.68M | $93.12M | $101.35M | $92.34M | $91.18M | $72.35M | $59.37M | $43.50M | $44.29M | $41.93M | $37.76M | $36.38M | $22.12M | $23.63M |
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 17 |
| Surprise % | - | - | - | - | - | - | - | - | 2.43% | - | 1.10% | 0.97% | 1.05% | 0.98% | 0.22% | 0.23% | 1.13% | 1.15% | 0.94% | 1.23% | 1.20% | 1.40% | 1.27% | 1.31% | 1.34% | 1.01% | 0.97% | 0.74% | 1.10% | 1.11% |
Merchants Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $144.15M, with a low forecast of $139.76M, and a high forecast of $148.12M. MBIN's average Quarter revenue forecast represents a -58.36% decrease compared to the company's last Quarter revenue of $346.21M (Dec 23).
Merchants Bancorp EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 17 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $68.58M | $183.92M | $161.56M | $126.75M | $107.98M | $77.12M | $83.20M | $87.59M | $77.98M | $92.24M | $89.55M | $86.04M | $72.83M | $55.48M | $66.09M | $54.05M | $42.75M | $29.79M | $28.78M | $29.71M |
| Avg Forecast | $103.52M | $101.89M | $99.29M | $96.05M | $97.03M | $97.76M | $98.28M | $105.17M | $87.32M | $82.98M | $75.23M | $95.61M | $80.75M | $70.49M | $57.13M | $75.58M | $60.41M | $57.00M | $62.04M | $57.73M | $55.82M | $44.29M | $36.34M | $34.54M | $27.11M | $25.67M | $23.11M | $22.27M | $24.85M | $25.36M |
| High Forecast | $106.37M | $104.70M | $102.03M | $98.09M | $100.37M | $100.46M | $100.99M | $126.20M | $88.15M | $83.25M | $77.31M | $114.73M | $96.90M | $70.49M | $57.13M | $90.70M | $60.41M | $57.00M | $62.04M | $69.28M | $55.82M | $44.29M | $36.34M | $41.45M | $27.11M | $25.67M | $23.11M | $22.27M | $29.82M | $30.44M |
| Low Forecast | $100.36M | $98.79M | $96.27M | $94.04M | $92.50M | $94.78M | $95.29M | $84.14M | $86.50M | $82.70M | $72.94M | $76.49M | $64.60M | $70.49M | $57.13M | $60.46M | $60.41M | $57.00M | $62.04M | $46.18M | $55.82M | $44.29M | $36.34M | $27.64M | $27.11M | $25.67M | $23.11M | $22.27M | $19.88M | $20.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.92% | 2.00% | 1.80% | 1.89% | 1.02% | 1.38% | 1.54% | 1.26% | 1.60% | 1.60% | 1.94% | 2.00% | 1.61% | 2.44% | 2.11% | 1.85% | 1.34% | 1.16% | 1.17% |
2 analysts predict MBIN's average Quarter EBITDA for Sep 23 to be $82.98M, with a high of $83.25M and a low of $82.70M. This is 21.00% upper than Merchants Bancorp's previous annual EBITDA (Jun 23) of $68.58M.
Merchants Bancorp Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 17 |
| Net Income | - | - | - | - | - | - | - | - | $77.47M | - | $65.30M | $54.95M | $57.16M | $58.49M | $53.94M | $50.14M | $55.20M | $58.50M | $51.42M | $61.98M | $59.79M | $55.00M | $41.16M | $24.58M | $30.06M | $20.26M | $16.44M | $10.57M | $15.06M | $20.33M |
| Avg Forecast | $67.49M | $65.65M | $62.13M | $59.99M | $59.99M | $65.35M | $71.85M | $89.63M | $66.11M | $60.60M | $56.47M | $81.48M | $53.58M | $54.53M | $45.82M | $64.41M | $47.38M | $43.80M | $47.68M | $38.79M | $44.42M | $31.79M | $21.36M | $15.31M | $17.40M | $16.09M | $15.27M | $14.36M | $13.01M | $17.35M |
| High Forecast | $69.91M | $68.00M | $64.36M | $63.19M | $60.91M | $67.96M | $74.42M | $107.55M | $68.41M | $62.44M | $57.33M | $97.78M | $64.29M | $55.69M | $45.82M | $77.29M | $47.38M | $43.80M | $48.92M | $46.55M | $44.42M | $31.79M | $21.36M | $18.37M | $17.40M | $16.09M | $15.27M | $17.23M | $15.61M | $20.82M |
| Low Forecast | $64.81M | $63.05M | $59.67M | $55.87M | $59.07M | $62.73M | $69.00M | $71.70M | $63.81M | $58.76M | $55.60M | $65.18M | $42.86M | $53.38M | $45.82M | $51.53M | $47.38M | $43.80M | $46.44M | $31.03M | $44.42M | $31.79M | $21.36M | $12.25M | $17.40M | $16.09M | $15.27M | $11.49M | $10.41M | $13.88M |
| Surprise % | - | - | - | - | - | - | - | - | 1.17% | - | 1.16% | 0.67% | 1.07% | 1.07% | 1.18% | 0.78% | 1.17% | 1.34% | 1.08% | 1.60% | 1.35% | 1.73% | 1.93% | 1.61% | 1.73% | 1.26% | 1.08% | 0.74% | 1.16% | 1.17% |
Merchants Bancorp's average Quarter net income forecast for Mar 24 is $89.63M, with a range of $71.70M to $107.55M. MBIN's average Quarter net income forecast represents a 15.69% increase compared to the company's last Quarter net income of $77.47M (Dec 23).
Merchants Bancorp SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 17 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $29.53M | $24.32M | $23.57M | $23.78M | $23.14M | $22.05M | $27.21M | $22.03M | $20.49M | $22.88M | $18.16M | $18.87M | $14.39M | $16.64M | $12.66M | $10.67M | $10.81M | $9.32M | $7.02M | $7.62M |
| Avg Forecast | $37.27M | $36.69M | $35.75M | $34.58M | $34.93M | $35.20M | $35.39M | $1.78M | $31.44M | $29.88M | $27.09M | $1.62M | $26.41M | $25.38M | $20.57M | $1.28M | $21.75M | $20.52M | $22.34M | $14.32M | $20.10M | $15.95M | $13.08M | $10.36M | $9.76M | $9.24M | $8.32M | $12.66M | $6.07M | $6.51M |
| High Forecast | $38.30M | $37.70M | $36.73M | $35.32M | $36.14M | $36.17M | $36.36M | $2.13M | $31.74M | $29.98M | $27.83M | $1.94M | $31.70M | $25.38M | $20.57M | $1.53M | $21.75M | $20.52M | $22.34M | $17.18M | $20.10M | $15.95M | $13.08M | $12.43M | $9.76M | $9.24M | $8.32M | $15.19M | $7.28M | $7.81M |
| Low Forecast | $36.13M | $35.57M | $34.66M | $33.86M | $33.31M | $34.13M | $34.31M | $1.42M | $31.14M | $29.78M | $26.26M | $1.29M | $21.13M | $25.38M | $20.57M | $1.02M | $21.75M | $20.52M | $22.34M | $11.46M | $20.10M | $15.95M | $13.08M | $8.29M | $9.76M | $9.24M | $8.32M | $10.12M | $4.85M | $5.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.09% | 15.06% | 0.89% | 0.94% | 1.13% | 17.27% | 1.25% | 1.07% | 0.92% | 1.60% | 0.90% | 1.18% | 1.10% | 1.61% | 1.30% | 1.15% | 1.30% | 0.74% | 1.16% | 1.17% |
Merchants Bancorp's average Quarter SG&A projection for Sep 23 is $29.88M, based on 2 Wall Street analysts, with a range of $29.78M to $29.98M. The forecast indicates a 1.17% rise compared to MBIN last annual SG&A of $29.53M (Jun 23).
Merchants Bancorp EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 17 |
| EPS | - | - | - | - | - | - | - | - | $1.78 | - | $1.31 | $1.07 | $1.12 | $1.22 | $1.12 | $1.03 | $1.28 | $1.22 | $1.06 | $1.35 | $1.30 | $1.19 | $0.87 | $0.49 | $0.61 | $0.40 | $0.34 | $0.23 | $0.33 | $0.49 |
| Avg Forecast | $1.47 | $1.43 | $1.35 | $1.31 | $1.31 | $1.42 | $1.56 | $1.38 | $1.44 | $1.32 | $1.23 | $1.13 | $1.06 | $1.22 | $1.02 | $1.01 | $1.06 | $0.98 | $1.07 | $0.98 | $0.99 | $0.71 | $0.48 | $0.36 | $0.39 | $0.36 | $0.34 | $0.35 | $0.38 | $0.35 |
| High Forecast | $1.52 | $1.48 | $1.40 | $1.38 | $1.33 | $1.48 | $1.62 | $1.43 | $1.49 | $1.36 | $1.25 | $1.17 | $1.10 | $1.25 | $1.02 | $1.01 | $1.06 | $0.98 | $1.09 | $0.98 | $0.99 | $0.71 | $0.48 | $0.36 | $0.39 | $0.36 | $0.34 | $0.35 | $0.46 | $0.42 |
| Low Forecast | $1.41 | $1.37 | $1.30 | $1.22 | $1.29 | $1.37 | $1.50 | $1.33 | $1.39 | $1.28 | $1.21 | $1.09 | $1.02 | $1.19 | $1.02 | $1.01 | $1.06 | $0.98 | $1.04 | $0.98 | $0.99 | $0.71 | $0.48 | $0.36 | $0.39 | $0.36 | $0.34 | $0.35 | $0.30 | $0.28 |
| Surprise % | - | - | - | - | - | - | - | - | 1.24% | - | 1.07% | 0.95% | 1.05% | 1.00% | 1.09% | 1.02% | 1.21% | 1.24% | 0.99% | 1.37% | 1.31% | 1.68% | 1.83% | 1.37% | 1.58% | 1.11% | 1.00% | 0.64% | 0.88% | 1.39% |
According to 1 Wall Street analysts, Merchants Bancorp's projected average Quarter EPS for Mar 24 is $1.38, with a low estimate of $1.33 and a high estimate of $1.43. This represents a -22.47% decrease compared to MBIN previous annual EPS of $1.78 (Dec 23).
Merchants Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MBIN | Merchants Bancorp | $40.75 | $43.50 | 6.75% | Buy |
| MSBI | Midland States Bancorp | $27.07 | $27.00 | -0.26% | Hold |
| BFST | Business First Bancshares | $28.58 | $28.00 | -2.03% | Buy |
| RBB | RBB Bancorp | $24.61 | $22.25 | -9.59% | Hold |
| FMBH | First Mid Bancshares | $42.13 | $38.00 | -9.80% | Buy |
| SMBK | SmartFinancial | $36.03 | $30.33 | -15.82% | Hold |