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MBIN Stock Forecast: Merchants Bancorp (Indiana) Price Predictions for 2026-2027

Last close, 8 Oct 2026
$50
+0.97% on the day

The 3 Wall Street analysts covering Merchants Bancorp (Indiana) hold a median 12-month price target of $64 — +28.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 73 of 100 as at 8 Oct 2026 — in the upper half. Here, the model and the Street point the same way.

Market cap
$2.3B
Ticker Nerd rank
73 / 100
Median analyst target
$64
Analysts covering
3
Revenue$181.0M+1.7% y/y
Net income$78.3M
Free cash flow$210.9M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+0.6%
1M
−5.7%
YTD
+47.2%
1Y
+56.3%
From 52W high
−10.4%
From 52W low
+65.4%
$30
$56
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

MBIN stock analysis: one number for the whole business

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.

Where the model ranks itAs at 8 Oct 2026
73 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
96
Momentum
95
Value
88
Growth
62
Quality
56
Issuance
42
Size
33
Accruals
20
Volatility
11

Revisions (96): Analysts have, on balance, been raising their forecasts.

Volatility (11): The share price moves around a lot.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

MBIN stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on MBIN, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$30$40$50$60$70Jan 26Apr 26Jul 26Oct 26MBINHigh $65Median $64Low $63

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

What Wall Street says3 analysts
1 Buy2 Hold0 Sell
Low $63Median $64High $65

The green dot is the last close — the median target sits +28.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 2 moved it down.

DateFirmActionRatingTarget
5 Oct 2026Piper SandlerMaintainsOverweight$64 → $63
8 Sept 2026Morgan StanleyMaintainsEqual-Weight$49 → $65
29 July 2026Piper SandlerMaintainsOverweight$64 → $58
29 July 2026Piper SandlerMaintainsOverweight—
1 July 2026Raymond JamesDowngradeMarket Perform—
1 July 2026Raymond JamesDowngradeMarket Perform—
29 June 2026Morgan StanleyMaintainsEqual-Weight—
29 June 2026Morgan StanleyMaintainsEqual-Weight$46 → $49
2 Mar 2026Morgan StanleyMaintainsEqual-Weight—
30 Jan 2026Morgan StanleyMaintainsEqual-Weight—
30 Oct 2025Piper SandlerMaintainsOverweight—
29 Oct 2025Raymond JamesReiteratesOutperform—
29 Sept 2025Morgan StanleyMaintainsEqual-Weight—
30 July 2025Piper SandlerMaintainsOverweight—
29 July 2025Morgan StanleyMaintainsEqual-Weight—
29 July 2025Raymond JamesReiteratesOutperform—
29 Apr 2025Raymond JamesReiteratesOutperform—
2 Apr 2025Raymond JamesMaintainsOutperform—
13 Mar 2025Morgan StanleyMaintainsEqual-Weight—
30 Jan 2025Piper SandlerMaintainsOverweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. MBIN appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

MBIN vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 8 Oct 2026, Merchants Bancorp (Indiana) returned +56.3% against +16.2% for the S&P 500, dividends included.

MBIN vs S&P 500, last 12 monthsTotal return, rebased to 100
100120140160180Jan 26Apr 26Jul 26Oct 26MBINS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

MBIN analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+6.3%
Analysts raising
3
Analysts cutting
0
Fundamentals

Merchants Bancorp (Indiana) (MBIN) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
9.9×

Cheaper than 58% of US stocks

Price / sales
3.6×

Cheaper than 34% of US stocks

Price / book
1.2×

Cheaper than 64% of US stocks

EV / EBITDA
—
Growth & margins
Revenue growth (YoY)
37.1%

Higher than 82% of US stocks

Earnings growth (YoY)
106.2%

Higher than 84% of US stocks

Gross margin
—
Operating margin
61.1%

Higher than 98% of US stocks

Net margin
42.5%

Higher than 95% of US stocks

Returns & dividend
Return on equity
11.7%

Higher than 67% of US stocks

Return on assets
1.3%

Higher than 53% of US stocks

Dividend yield
0.9%

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.

Key statistics

Merchants Bancorp (Indiana) (MBIN) statistics: revenue, profit & scale

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 $2.3B and an enterprise value of $6.4B.

  • Revenue in the twelve months to 30 June 2026: $709.2M. The latest quarter grew 37.1% 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.

  • Shares outstanding: 45.9M.

  • Trailing P/E: 9.9×; forward P/E: 8.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.89%, paying out 8% of earnings.

  • Merchants Bancorp (Indiana) employs 735 people — $965K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Oct 2026

Data provided by Twelve Data

Peers

MBIN vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelBanks - Regional
CompanyMarket capTKN rank
MBINMerchants Bancorp (Indiana)$2.3B
73
WAFDWaFd, Inc.$2.3B
56
BBTBeacon Financial Corp.$2.3B
25
OFGOFG Bancorp$2.2B
98
SYBTStock Yards Bancorp, Inc.$2.4B
52
NWBINorthwest Bancshares, Inc. (Pennsylvania)$2.2B
52
EFSCEnterprise Financial Services Corp.$2.2B
40

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 →

News

Latest MBIN news & analysis

Merchants Bancorp's Rally Is Testing How Much Risk Investors Will Overlook

MarketBeat · 5 Sept 2026neutral

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.

Merchants Bancorp (MBIN) Is Up 15.71% in One Week: What You Should Know

Zacks Investment Research · 6 Aug 2026positive

Merchants Bancorp's stock rose 15.71% over the past week. The Zacks article examines whether the company's momentum makes it a top stock pick for momentum investors.

Why it matters — A MBIN watcher would care because a sharp one-week gain and assessment of its momentum characteristics could signal shifting investor interest in the stock.

Earnings Estimates Rising for Merchants Bancorp (MBIN): Will It Gain?

Zacks Investment Research · 3 Aug 2026positive

Merchants Bancorp (MBIN) shares have started gaining and may continue moving higher in the near term, based on solid earnings estimate revisions, according to Zacks Investment Research.

Why it matters — A MBIN watcher would care because rising earnings estimates often signal improving analyst expectations for the company's future performance.

Best Momentum Stocks to Buy for August 3rd

Zacks Investment Research · 3 Aug 2026positive

Zacks Investment Research included MBIN alongside LRCX and VRT on its Rank #1 (Strong Buy) momentum stocks list on August 3rd, 2026. The list identifies stocks the firm highlights for positive momentum.

Why it matters — A MBIN watcher would care because the stock receiving a top momentum ranking from Zacks signals notable research-firm attention to its recent price performance.

New Strong Buy Stocks for August 3rd

Zacks Investment Research · 3 Aug 2026positive

On August 3rd, 2026, Zacks Investment Research added Merchants Bancorp (Indiana) (MBIN) to its Zacks Rank #1 (Strong Buy) List, alongside FORM, LRCX, VRT and SNDR.

Why it matters — This designation indicates that Zacks ranks MBIN as a Strong Buy, a signal that could draw attention from investors following the stock.

FAQ

Frequently asked questions about MBIN stock

What is the MBIN stock price forecast for 2026-2027?

The 3 Wall Street analysts covering Merchants Bancorp (Indiana) have a median 12-month price target of $64, with estimates ranging from $63 to $65. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is MBIN stock a buy right now?

Of the 3 analysts covering Merchants Bancorp (Indiana), 1 rate it a Buy, 2 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Merchants Bancorp (Indiana) 73 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank MBIN?

As at 8 Oct 2026, Merchants Bancorp (Indiana) ranks 73 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 Revisions (96 of 100).

Will MBIN stock go up?

No one can know that. What the data says: the median 12-month target from 3 analysts implies +28.5% from the last close, and Ticker Nerd's factor model ranks Merchants Bancorp (Indiana) 73 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the MBIN stock forecast for 2030?

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: $63 to $65 over the next 12 months.

How has MBIN stock performed over the past year?

Merchants Bancorp (Indiana) returned +56.3% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Merchants Bancorp (Indiana) do?

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.

What is the latest news on MBIN?

The most recent item we track (MarketBeat, 5 Sept 2026): "Merchants Bancorp's Rally Is Testing How Much Risk Investors Will Overlook". 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.

Company

About Merchants Bancorp (Indiana).

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