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 -0.91% downside from MBIN’s last price of $43.90) 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 -0.91% downside from MBIN's last price of $43.90.
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% | 23.01% |
| May 02, 2022 | - | Raymond James | $33.00 | $23.52 | 40.31% | -24.83% |
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 23.01% increase from MBIN last price ($43.90).
Merchants Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $54.00 | $54.00 | $54.00 |
| Last Closing Price | $43.90 | $43.90 | $43.90 |
| Upside/Downside | 23.01% | 23.01% | 23.01% |
In the current month, the average price target of Merchants Bancorp stock is $54.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 23.01% increase as opposed to Merchants Bancorp's last price of $43.90. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 09, 2024 | Morgan Stanley | - | Equal-Weight | Initialise |
| Jul 30, 2024 | Sandler O'Neill | Strong Buy | Strong Buy | Hold |
| Jul 30, 2024 | Sandler O'Neil | Underperform | Underperform | 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 Sep 12, 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $346.21M | - | $134.59M | $114.15M | $117.31M | $113.34M | - | $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 | $37.80M | $34.13M |
| Avg Forecast | $170.35M | $167.65M | $163.80M | $157.15M | $159.25M | $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 | $40.55M | $35.39M |
| High Forecast | $173.87M | $171.11M | $167.18M | $160.40M | $162.54M | $166.73M | $163.87M | $147.13M | $144.00M | $136.00M | $125.44M | $120.08M | $113.70M | $117.53M | $93.33M | $106.24M | $104.43M | $98.54M | $107.25M | $97.71M | $96.49M | $76.56M | $62.82M | $46.03M | $46.87M | $44.37M | $39.96M | $38.50M | $48.66M | $42.47M |
| Low Forecast | $166.83M | $164.19M | $160.42M | $153.90M | $155.96M | $152.41M | $157.23M | $141.17M | $141.30M | $135.10M | $120.36M | $115.22M | $109.10M | $112.77M | $93.33M | $94.55M | $92.94M | $87.70M | $95.45M | $86.96M | $85.87M | $68.14M | $55.91M | $40.97M | $41.71M | $39.48M | $35.56M | $34.26M | $32.44M | $28.31M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | 2.43% | - | 1.10% | 0.97% | 1.05% | 0.98% | - | 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% | 0.93% | 0.96% |
Merchants Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $144.15M, with a low forecast of $141.17M, and a high forecast of $147.13M. 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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $68.58M | $183.92M | $161.56M | $126.75M | - | $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 | $36.90M | $36.54M |
| Avg Forecast | $104.28M | $102.63M | $100.27M | $96.20M | $97.49M | $97.76M | $98.28M | $105.17M | $87.32M | $82.98M | $75.23M | $95.61M | $68.19M | $72.75M | $57.13M | $75.58M | $73.41M | $66.14M | $78.96M | $57.73M | $61.90M | $65.81M | $53.10M | $34.54M | $30.08M | $25.67M | $23.11M | $22.27M | $39.58M | $21.66M |
| High Forecast | $106.44M | $104.75M | $102.34M | $98.19M | $99.50M | $102.06M | $100.31M | $126.20M | $88.15M | $83.25M | $76.79M | $114.73M | $69.60M | $87.30M | $57.13M | $90.70M | $88.09M | $79.37M | $94.75M | $69.28M | $74.28M | $78.97M | $63.72M | $41.45M | $36.10M | $27.16M | $24.46M | $23.57M | $47.50M | $26.00M |
| Low Forecast | $102.13M | $100.51M | $98.20M | $94.21M | $95.47M | $93.30M | $96.25M | $84.14M | $86.50M | $82.70M | $73.68M | $76.49M | $66.78M | $58.20M | $57.13M | $60.46M | $58.73M | $52.91M | $63.17M | $46.18M | $49.52M | $52.64M | $42.48M | $27.64M | $24.07M | $24.17M | $21.77M | $20.97M | $31.66M | $17.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.92% | 2.37% | 1.74% | - | 1.02% | 1.13% | 1.32% | 0.99% | 1.60% | 1.45% | 1.31% | 1.37% | 1.61% | 2.20% | 2.11% | 1.85% | 1.34% | 0.93% | 1.69% |
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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 15 |
| Net Income | - | - | - | - | - | - | - | - | $77.47M | - | $65.30M | $54.95M | $57.16M | $58.49M | - | $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 | $15.42M | $16.74M |
| Avg Forecast | $70.33M | $68.69M | $65.56M | $61.68M | $61.09M | $63.62M | $69.95M | $89.63M | $64.37M | $59.00M | $54.98M | $81.48M | $47.60M | $48.59M | $44.55M | $64.41M | $48.71M | $44.18M | $52.06M | $38.79M | $41.33M | $42.07M | $30.01M | $15.31M | $13.68M | $18.01M | $16.44M | $14.36M | $16.54M | $16.74M |
| High Forecast | $72.21M | $70.53M | $67.32M | $63.34M | $62.73M | $69.44M | $71.83M | $107.55M | $66.60M | $60.79M | $56.46M | $97.78M | $48.88M | $58.31M | $44.55M | $77.29M | $58.45M | $53.01M | $62.47M | $46.55M | $49.59M | $50.48M | $36.02M | $18.37M | $16.42M | $21.61M | $19.73M | $17.23M | $19.85M | $20.09M |
| Low Forecast | $68.44M | $66.84M | $63.80M | $60.03M | $59.45M | $57.35M | $68.07M | $71.70M | $62.13M | $57.21M | $53.50M | $65.18M | $46.32M | $38.87M | $44.55M | $51.53M | $38.97M | $35.34M | $41.65M | $31.03M | $33.06M | $33.65M | $24.01M | $12.25M | $10.95M | $14.41M | $13.15M | $11.49M | $13.23M | $13.39M |
| Surprise % | - | - | - | - | - | - | - | - | 1.20% | - | 1.19% | 0.67% | 1.20% | 1.20% | - | 0.78% | 1.13% | 1.32% | 0.99% | 1.60% | 1.45% | 1.31% | 1.37% | 1.61% | 2.20% | 1.13% | 1.00% | 0.74% | 0.93% | 1.00% |
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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $29.53M | $24.32M | $23.57M | $23.78M | - | $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 | $11.46M | $8.52M |
| Avg Forecast | $37.55M | $36.95M | $36.10M | $34.64M | $35.10M | $35.20M | $35.39M | $1.78M | $31.44M | $29.88M | $27.09M | $1.62M | $24.55M | $18.30M | $20.57M | $1.28M | $24.01M | $16.63M | $20.75M | $14.32M | $12.55M | $14.43M | $10.50M | $10.36M | $5.76M | $9.49M | $10.81M | $12.66M | $12.30M | $8.52M |
| High Forecast | $38.32M | $37.71M | $36.85M | $35.35M | $35.82M | $36.75M | $36.12M | $2.13M | $31.74M | $29.98M | $27.65M | $1.94M | $25.06M | $21.96M | $20.57M | $1.53M | $28.82M | $19.96M | $24.90M | $17.18M | $15.06M | $17.32M | $12.60M | $12.43M | $6.92M | $11.38M | $12.97M | $15.19M | $14.76M | $10.23M |
| Low Forecast | $36.77M | $36.19M | $35.36M | $33.92M | $34.37M | $33.59M | $34.65M | $1.42M | $31.14M | $29.78M | $26.53M | $1.29M | $24.05M | $14.64M | $20.57M | $1.02M | $19.21M | $13.31M | $16.60M | $11.46M | $10.04M | $11.55M | $8.40M | $8.29M | $4.61M | $7.59M | $8.65M | $10.12M | $9.84M | $6.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.09% | 15.06% | 0.96% | 1.30% | - | 17.27% | 1.13% | 1.32% | 0.99% | 1.60% | 1.45% | 1.31% | 1.37% | 1.61% | 2.20% | 1.13% | 1.00% | 0.74% | 0.93% | 1.00% |
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 | Jul 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 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 11 | 12 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 15 |
| EPS | - | - | - | - | - | - | - | - | $1.78 | - | $1.31 | $1.07 | $1.12 | $1.22 | - | $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 | $0.34 | $0.37 |
| Avg Forecast | $1.57 | $1.54 | $1.47 | $1.38 | $1.37 | $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 | $0.59 | $0.55 |
| High Forecast | $1.62 | $1.58 | $1.51 | $1.42 | $1.40 | $1.55 | $1.61 | $1.42 | $1.49 | $1.36 | $1.26 | $1.16 | $1.09 | $1.25 | $1.02 | $1.09 | $1.14 | $1.05 | $1.15 | $1.06 | $1.07 | $0.76 | $0.51 | $0.38 | $0.42 | $0.39 | $0.37 | $0.38 | $0.71 | $0.66 |
| Low Forecast | $1.53 | $1.50 | $1.43 | $1.34 | $1.33 | $1.28 | $1.52 | $1.34 | $1.39 | $1.28 | $1.20 | $1.10 | $1.04 | $1.19 | $1.02 | $0.93 | $0.98 | $0.91 | $0.99 | $0.91 | $0.92 | $0.66 | $0.44 | $0.33 | $0.36 | $0.33 | $0.32 | $0.33 | $0.47 | $0.44 |
| Surprise % | - | - | - | - | - | - | - | - | 1.24% | - | 1.07% | 0.95% | 1.05% | 1.00% | - | 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% | 0.58% | 0.67% |
According to 1 Wall Street analysts, Merchants Bancorp's projected average Quarter EPS for Mar 24 is $1.38, with a low estimate of $1.34 and a high estimate of $1.42. 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 |
|---|---|---|---|---|---|
| MSBI | Midland States Bancorp | $22.51 | $27.00 | 19.95% | Hold |
| BFST | Business First Bancshares | $25.63 | $28.00 | 9.25% | Buy |
| MBIN | Merchants Bancorp | $43.90 | $43.50 | -0.91% | Buy |
| RBB | RBB Bancorp | $22.90 | $22.25 | -2.84% | Hold |
| FMBH | First Mid Bancshares | $39.32 | $38.00 | -3.36% | Strong Buy |
| SMBK | SmartFinancial | $29.39 | $26.50 | -9.83% | Hold |
MBIN Forecast FAQ
Is Merchants Bancorp a good buy?
Yes, according to 4 Wall Street analysts, Merchants Bancorp (MBIN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 2 'Buy' recommendations, accounting for 75.00% of MBIN's total ratings.
What is MBIN's price target?
Merchants Bancorp (MBIN) average price target is $43.5 with a range of $33 to $54, implying a -0.91% from its last price of $43.9. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Merchants Bancorp stock go up soon?
According to Wall Street analysts' prediction for MBIN stock, the company can go down by -0.91% (from the last price of $43.9 to the average price target of $43.5), up by 23.01% based on the highest stock price target, and down by -24.83% based on the lowest stock price target.
Can Merchants Bancorp stock reach $70?
MBIN's average twelve months analyst stock price target of $43.5 does not support the claim that Merchants Bancorp can reach $70 in the near future.
What is Merchants Bancorp's current price target trend?
1 Wall Street analyst forecast a $54 price target for Merchants Bancorp (MBIN) this month, up 23.01% from its last price of $43.9. Compared to the last 3 and 12 months, the average price target increased by 23.01% and increased by 23.01%, respectively.
What are Merchants Bancorp's analysts' financial forecasts?
Merchants Bancorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $623.65M (high $640.26M, low $606.77M), average EBITDA is $398.7M (high $428.08M, low $369.15M), average net income is $284.29M (high $311.56M, low $256.57M), average SG&A $107.46M (high $110.82M, low $104.04M), and average EPS is $5.74 (high $5.98, low $5.48). MBIN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $658.95M (high $672.57M, low $645.33M), average EBITDA is $403.38M (high $411.71M, low $395.04M), average net income is $266.25M (high $273.41M, low $259.1M), average SG&A $145.24M (high $148.24M, low $142.23M), and average EPS is $5.96 (high $6.12, low $5.8).
Did the MBIN's actual financial results beat the analysts' financial forecasts?
Based on Merchants Bancorp's last annual report (Dec 2023), the company's revenue was $1.19B, beating the average analysts forecast of $518.75M by 129.87%. Apple's EBITDA was $0, missing the average prediction of $341.14M by -100.00%. The company's net income was $279.23M, beating the average estimation of $259.83M by 7.47%. Apple's SG&A was $0, missing the average forecast of $90.02M by -100.00%. Lastly, the company's EPS was $6.44, beating the average prediction of $5.12 by 25.78%. In terms of the last quarterly report (Dec 2023), Merchants Bancorp's revenue was $346.21M, beating the average analysts' forecast of $142.65M by 142.70%. The company's EBITDA was $0, missing the average prediction of $87.32M by -100.00%. Merchants Bancorp's net income was $77.47M, beating the average estimation of $64.37M by 20.36%. The company's SG&A was $0, missing the average forecast of $31.44M by -100.00%. Lastly, the company's EPS was $1.78, beating the average prediction of $1.44 by 23.61%