The 2 Wall Street analysts covering Merchants Bancorp (Indiana) hold a median 12-month price target of $67 — +28.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 79 of 100 as at 31 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Merchants Bancorp (Indiana) on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (96): The shares have been drifting up relative to others.
Volatility (8): The share price moves around a lot.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on MBIN, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +28.6% from it.
Of the 20 most recent actions, 3 moved their price target up and 2 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 29 Oct 2026 | Piper Sandler | Reiterates | Overweight | $63 → $68 |
| 5 Oct 2026 | Piper Sandler | Maintains | Overweight | — |
| 5 Oct 2026 | Piper Sandler | Maintains | Overweight | $64 → $63 |
| 8 Sept 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 8 Sept 2026 | Morgan Stanley | Maintains | Equal-Weight | $49 → $65 |
| 29 July 2026 | Piper Sandler | Maintains | Overweight | $64 → $58 |
| 29 July 2026 | Piper Sandler | Maintains | Overweight | — |
| 1 July 2026 | Raymond James | Downgrade | Market Perform | — |
| 1 July 2026 | Raymond James | Downgrade | Market Perform | — |
| 29 June 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 29 June 2026 | Morgan Stanley | Maintains | Equal-Weight | $46 → $49 |
| 2 Mar 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 30 Jan 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 30 Oct 2025 | Piper Sandler | Maintains | Overweight | — |
| 29 Oct 2025 | Raymond James | Reiterates | Outperform | — |
| 29 Sept 2025 | Morgan Stanley | Maintains | Equal-Weight | — |
| 30 July 2025 | Piper Sandler | Maintains | Overweight | — |
| 29 July 2025 | Morgan Stanley | Maintains | Equal-Weight | — |
| 29 July 2025 | Raymond James | Reiterates | Outperform | — |
| 29 Apr 2025 | Raymond James | Reiterates | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
MBIN appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Merchants Bancorp (Indiana) returned +68.3% against +12.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 61% of US stocks
Cheaper than 35% of US stocks
Cheaper than 63% of US stocks
Higher than 86% of US stocks
Higher than 83% of US stocks
Higher than 99% of US stocks
Higher than 95% of US stocks
Higher than 72% of US stocks
Higher than 56% of US stocks
Higher than 69% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Merchants Bancorp (Indiana) has a market value of $2.4B and an enterprise value of $5.6B.
Revenue in the twelve months to 30 June 2026: $709.2M. The latest quarter grew 50.1% year on year.
Net income over the same four quarters: $268.6M, a 37.9% net margin.
Diluted earnings per share, trailing twelve months: $4.98.
Free cash flow in the twelve months to 30 June 2026: −$779.9M.
Merchants Bancorp (Indiana) spent $3.0M on share buybacks and $60.3M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 8.6×; forward P/E: 8.5× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.84%, paying out 8% of earnings.
Merchants Bancorp (Indiana) employs 735 people — $965K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Merchants Bancorp (Indiana) — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Merchants Bancorp reported Q3 earnings for the quarter ended September 2026. The item highlights comparing revenue and EPS with Wall Street estimates and year-ago figures, but provides no specific results.
Why it matters — MBIN watchers may find the comparisons useful for assessing quarterly performance, though the excerpt does not state the metrics or outcomes.
Merchants Bancorp reported quarterly earnings of $2.06 per share, above the Zacks Consensus Estimate of $1.39. Earnings were $0.97 per share in the year-ago quarter.
Why it matters — MBIN watchers may note the company exceeded the consensus earnings estimate and reported higher per-share earnings than a year earlier.
Merchants Bancorp reported third-quarter 2026 net income of $105.2 million, up 92% year over year and 34% from the prior quarter. Diluted earnings per common share were $2.06, up 112% year over year and 39% sequentially.
Why it matters — The results show substantial year-over-year and sequential growth in net income and diluted earnings per share.
Zacks says Merchants Bancorp is due to report earnings next week and that it lacks the combination of two key ingredients associated with a likely earnings beat. The item points readers to key expectations for the upcoming report.
Why it matters — MBIN watchers may find the upcoming report expectations and Zacks’ assessment of the potential for an earnings beat relevant.
Merchants Bancorp, parent of Merchants Bank of Indiana, has rallied despite a dramatic year that included a mid-2025 credit scare and a shareholder investigation in spring 2026. Analysts have maintained a Buy rating on the stock through this volatility, and the rally is raising questions about how much risk investors are willing to overlook.
Why it matters — A MBIN watcher would care because the stock's resilience comes alongside unresolved credit and shareholder-investigation issues that could affect the bank's risk profile and investor sentiment.
The 2 Wall Street analysts covering Merchants Bancorp (Indiana) have a median 12-month price target of $67, with estimates ranging from $66 to $68. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 2 analysts covering Merchants Bancorp (Indiana), 1 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Merchants Bancorp (Indiana) 79 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 Oct 2026, Merchants Bancorp (Indiana) ranks 79 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (96 of 100).
No one can know that. What the data says: the median 12-month target from 2 analysts implies +28.6% from the last close, and Ticker Nerd's factor model ranks Merchants Bancorp (Indiana) 79 out of 100 as at 31 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Merchants Bancorp (Indiana) publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for MBIN are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $66 to $68 over the next 12 months.
Merchants Bancorp (Indiana) returned +68.3% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Merchants Bancorp is a diversified bank holding company that provides a broad range of banking and mortgage-related services. The company’s core activities include multi-family mortgage banking, mortgage warehousing, and traditional banking, with offerings that support multi-family housing, healthcare facility financing, commercial lending, agricultural lending, and residential mortgage banking.
The most recent item we track (Zacks Investment Research, 28 Oct 2026): "Merchants Bancorp (MBIN) Reports Q3 Earnings: What Key Metrics Have to Say". Merchants Bancorp reported Q3 earnings for the quarter ended September 2026. The item highlights comparing revenue and EPS with Wall Street estimates and year-ago figures, but provides no specific results.
Merchants Bancorp is a diversified bank holding company that provides a broad range of banking and mortgage-related services. The company’s core activities include multi-family mortgage banking, mortgage warehousing, and traditional banking, with offerings that support multi-family housing, healthcare facility financing, commercial lending, agricultural lending, and residential mortgage banking. It also serves customers through deposit services, mortgage servicing, and community banking operations. Merchants Bancorp works with individuals, businesses, developers, and other financial institutions, making it an important participant in specialized lending and banking markets. Headquartered in Carmel, Indiana, Merchants Bancorp focuses on serving niche finance segments through its operating subsidiaries, including Merchants Bank of Indiana and Merchants Capital. The company plays a significant role in connecting capital with housing, healthcare, and broader credit needs across the U.S. financial system.
CEO Mr. Michael J. Dunlap · 735 employees · United States · https://bankmerchants.com
