Stocktoria
Merchants Bancorp MBIN
Merchants Bancorp (MBIN) earns a Piotroski F-score of 1/9 (weak financial health). It pays a dividend yielding 2.59% (safety: safe).
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-07-01 | Raymond James | Market Perform (down) |
| 2026-06-29 | Morgan Stanley | Equal-Weight (main) |
| 2026-03-02 | Morgan Stanley | Equal-Weight (main) |
| 2026-01-30 | Morgan Stanley | Equal-Weight (main) |
| 2025-10-30 | Piper Sandler | Overweight (main) |
| 2025-10-29 | Raymond James | Outperform (reit) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 1/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| MBIN | Merchants Bancorp | 1/9 | — | 10.5 | — |
| STT | STATE STREET CORP | 6/9 | — | 15.8 | +7.3% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | 5/9 | — | 10.8 | -2.2% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | 7/9 | — | 16.3 | +5.6% |
| NTRS | NORTHERN TRUST CORP | 4/9 | — | 18.5 | -2.5% |
| ALLY | Ally Financial Inc. | 5/9 | — | 17 | -3.3% |
| MTB | M&T BANK CORP | 7/9 | — | 12.2 | +7.5% |
All Finance, Insurance & Real Estate companies →
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, 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, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
FAQ
Is MBIN financially healthy?
Merchants Bancorp's Piotroski F-score is 1/9 (8–9 is excellent, 0–3 weak).
Does MBIN pay a dividend, and is it safe?
Yes. Merchants Bancorp pays a dividend yielding about 2.59% with a 27.2% payout ratio, rated “safe” for safety.
How profitable is MBIN?
In FY2025, Merchants Bancorp had a return on equity of 9.6%.
Is MBIN overvalued or undervalued?
Merchants Bancorp trades at about 14.5× trailing earnings — above its 10-year norm (10-year range 5.2×–11.0×, median 7.8×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for MBIN?
The average Wall-Street price target for Merchants Bancorp is $53.50, about 2.5% below the recent price, from 2 analysts (consensus: buy).
Is MBIN a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Merchants Bancorp: a Piotroski F-score of 1/9, a P/E of about 10.5×, a dividend yield of 2.59%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.