Merchants Bancorp (MBIN) fair value analysis
Nasdaq · Updated 2026-10-19
MBIN price how computed
Forward Fair Value verdict
OvervaluedMBIN is trading at more than a 25% premium to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $48.77
- Sector
- Financial Services
- 12-month range
- $30.42–$55.72
- Market cap
- $2.24B
- From 52-week high
- -12.5%
- Shares outstanding
- 45.9M
- Rank in Financial Services by discount to fair value
- #141 of 167
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
Merchants Bancorp is a bank holding company that provides financial services including commercial and consumer banking, wealth management, and mortgage services. The company operates through banking subsidiaries with a presence primarily in the Midwest region of the United States.
MBIN currently ranks #141 of 167 Financial Services stocks by discount to fair value. It has screened as Overvalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $2.24B
- P/E (trailing)
- 10x
- Revenue (TTM)
- $1.31B
- Net margin
- 20.5%
- EPS (TTM)
- $4.98
- Gross margin
- 46.4%
- Debt / equity
- 1.79
- Revenue growth (3-yr avg)
- -3.8%
- Shares outstanding
- 45.9M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Expanding
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 36 · neutral
- 50-day average
- $52.09
- 200-day average
- $46.88
- Moving-average state
- 50-day above 200-day (golden cross state); price between the averages
Dividends how computed
- Paid, last 12 months
- $0.43 per share (4 payments)
- Yield on last price
- 0.88%
- Consecutive years of increases
- 3
- Last ex-dividend date
- 2026-09-15
- Last payment date
- 2026-10-01
Earnings how computed
- Next earnings report
- 2026-10-28 (post-market)
- Last 8 quarters vs consensus
- 5 beat, 3 missed
- Quarter by quarter
- 2026-06 ▲ beat (+21.3%)
2026-03 ▲ beat (+7.8%)
2025-12 ▲ beat (+36.2%)
2025-09 ▲ beat (+22.8%)
2025-06 ▼ miss (-46.4%)
2025-03 ▼ miss (-27.3%)
2024-12 ▲ beat (+42.3%)
2024-09 ▼ miss (-17.6%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 1 buy · 2 hold · 0 sell (3 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $64
- Target vs last price
- +31.2%
What our data shows for MBIN
- Our model validated 16 trailing price-to-earnings windows for MBIN, built from quarterly earnings records.
- Shares are trading in the upper third of their 12-month price range of $30.42–$55.72.
- The 14-day relative strength index sits at a neutral 36.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for MBIN
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent MBIN news
TickrTrends' derived news-sentiment signal for MBIN is currently leaning positive, computed from recent coverage.
- Merchants Bancorp (MBIN) Reports Next Week: Wall Street Expects Earnings Growth (zacks.com, 2026-10-21)
TickrTrends take: Merchants Bancorp operates in the Financial Services sector, where earnings growth typically influences valuation multiples and investor confidence in the sustainability of current stock prices. With Wall Street anticipating earnings growth in the upcoming report, investors relying on TickrTrends' current overvalued assessment should monitor whether the actual results justify the present valuation or whether execution concerns persist. A valuation-focused reader will want to evaluate if forecasted earnings growth materializes sufficiently to support the stock's current pricing relative to historical and peer comparisons. - MBIN Maintained by Piper Sandler -- Price Target Lowered to $63.00 (gurufocus.com, 2026-10-05)
TickrTrends take: Piper Sandler's reduction of MBIN's price target to $63 comes against TickrTrends' assessment that the stock is currently overvalued, suggesting the analyst adjustment aligns with cautious sentiment in the Financial Services sector. Investors monitoring valuation metrics should observe whether the market reprices MBIN downward toward this lower target or maintains its current elevated position, as the gap between the new target and prevailing market levels will indicate the depth of potential correction. The maintained rating combined with a lowered price target signals the analyst believes the company remains worth holding despite near-term headwinds in valuation. - Merchants Bancorp (MBIN) Shares Fall 3.8% -- What GF Score of 84 Tells Investors (gurufocus.com, 2026-09-29)
TickrTrends take: Merchants Bancorp experienced a recent share decline, which occurs within the context of TickrTrends' assessment that the stock is currently overvalued. The company's GF Score of 84 indicates strong fundamental quality metrics, yet this high operational score does not necessarily contradict an overvalued designation, as valuation and quality represent separate dimensions of investment analysis. For valuation-focused observers, the discrepancy between strong fundamentals and elevated valuation suggests monitoring whether future earnings growth or market conditions might eventually justify the current price level.
More MBIN news
- Merchants Bancorp’s Rally Is Testing How Much Risk Investors Will Overlook (finance.yahoo.com, 2026-09-05)
What people are saying
Follow the MBIN conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-05 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — MBIN's technical trend state shifted from uptrend to mixed this week, as indicated by changes in the 50/200-day moving average relationship tracked by TickrTrends. The company in the Financial Services sector maintains an overvalued designation based on current valuation metrics. This transition to a mixed trend state suggests reduced momentum compared to the previous week's uptrend positioning.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is MBIN stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), MBIN is trading at more than a 25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.
What is MBIN's TickrTrends verdict?
MBIN's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.
How does MBIN compare to other Financial Services stocks?
MBIN ranks #141 of 167 Financial Services stocks in TickrTrends' coverage by discount to fair value.
Is MBIN overbought or oversold?
MBIN's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does MBIN pay a dividend?
Yes. MBIN paid $0.43 per share over the last twelve months (4 payments), a 0.88% yield on TickrTrends' last price, and has raised the annual total for 3 consecutive years. The last ex-dividend date was 2026-09-15.
When does MBIN report earnings next?
MBIN's next earnings report is scheduled for 2026-10-28 (post-market), per the published earnings calendar.
Does MBIN usually beat earnings estimates?
Over its last 8 reported quarters MBIN beat the consensus estimate 5 times and missed 3 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about MBIN?
Of 3 analysts covering MBIN, 1 rate it a buy, 2 a hold and 0 a sell - hold-leaning, with a consensus price target of $64 (+31.2% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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