MBIN: Merchants Bancorp (Indiana)
About
Merchants Bancorp is a bank holding company, which specializes in multiple lines of business in banking and finance. It operates through the following segments: Multi-Family Mortgage Banking, Mortgage Warehousing, Banking, and Other. The Multi-Family Mortgage Banking segment deals with mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties. The Mortgage Warehousing segment funds agency eligible loans for non-depository financial institutions from the date of origination or purchase until the date of sale to an investor. The Banking segment refers to financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products, and letters of credit and various types of deposit products, including checking, savings and time deposit accounts. The company was founded by Michael Petrie and Randall D. Rogers in 1990 and is headquartered in Carmel, IN.
Current Value
$41.061 Year Return
Current Value
$41.061 Year Return
Key Details
Market Cap
$1.87B
P/E Ratio
6.76
1Y Stock Return
17.97%
1Y Revenue Growth
36.27%
Dividend Yield
0.75%
Price to Book
1.3
Strategies that include MBIN
Stock's related to MBIN
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| BY | 63.86% | $1.39B | +46.23% | 1.14% |
| HTBK | 62.96% | $649.20M | +16.25% | 4.91% |
| STBA | 61.48% | $1.64B | +44.75% | 3.10% |
| BUSE | 61.35% | $1.53B | +15.85% | 3.57% |
| CNOB | 61.33% | $1.05B | +31.09% | 2.59% |
| CFB | 61.30% | $866.46M | +47.65% | 0.00% |
| FFIC | 61.08% | $519.46M | +17.88% | 4.94% |
| BHLB | 60.81% | $1.32B | +37.68% | 2.35% |
| OCFC | 60.56% | $1.20B | +36.49% | 3.88% |
| NWBI | 59.81% | $1.87B | +24.13% | 5.45% |
| NBHC | 59.44% | $1.81B | +35.73% | 2.35% |
| MBWM | 59.42% | $818.39M | +36.81% | 2.09% |
| UVSP | 58.98% | $928.50M | +61.38% | 2.65% |
| WABC | 58.88% | $1.51B | +6.54% | 3.11% |
| TCBK | 58.82% | $1.60B | +29.86% | 2.67% |
| HOPE | 58.75% | $1.65B | +31.35% | 4.06% |
| STEL | 58.74% | $1.68B | +22.86% | 1.66% |
| IBCP | 58.64% | $789.80M | +65.14% | 2.54% |
| VBTX | 58.29% | $1.66B | +43.91% | 2.63% |
| OBK | 58.23% | $1.09B | +5.22% | 1.71% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CMG | -0.01% | $82.49B | +36.40% | 0.00% |
| PULM | 0.02% | $23.16M | +215.42% | 0.00% |
| PRT | 0.02% | $47.69M | -19.34% | 10.31% |
| SOHU | 0.03% | $440.21M | +59.71% | 0.00% |
| GIS | 0.04% | $37.20B | +3.17% | 3.55% |
| SAIA | -0.04% | $14.83B | +31.13% | 0.00% |
| BPT | -0.10% | $22.47M | -70.09% | 0.00% |
| GME | 0.17% | $11.63B | +60.60% | 0.00% |
| WST | 0.18% | $23.37B | -8.05% | 0.25% |
| VZIO | 0.19% | $2.30B | +58.74% | 0.00% |
| NERV | 0.19% | $15.81M | -65.28% | 0.00% |
| MUX | -0.26% | $441.39M | +12.40% | 0.00% |
| KO | -0.26% | $274.19B | +8.67% | 3.05% |
| AON | -0.27% | $83.85B | +18.89% | 0.68% |
| CATO | 0.27% | $65.10M | -54.12% | 21.52% |
| NVO | -0.27% | $362.79B | +7.68% | 1.31% |
| SAVA | 0.28% | $165.74M | -84.44% | 0.00% |
| SMR | 0.30% | $2.75B | +764.13% | 0.00% |
| RDY | 0.31% | $11.93B | +2.39% | 3.33% |
| ACRS | -0.34% | $282.87M | +303.01% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| IMNN | -25.21% | $12.55M | -2.76% | 0.00% |
| CVLT | -19.61% | $7.47B | +124.42% | 0.00% |
| FFIV | -15.96% | $14.78B | +45.62% | 0.00% |
| COR | -15.58% | $48.29B | +22.63% | 0.82% |
| WM | -11.30% | $90.36B | +29.09% | 1.00% |
| MCK | -11.29% | $78.87B | +35.27% | 0.43% |
| SNY | -8.98% | $120.24B | +2.00% | 4.23% |
| RBRK | -8.49% | $8.98B | +54.47% | 0.00% |
| DOGZ | -8.03% | $604.58M | +1,509.83% | 0.00% |
| TEM | -7.91% | $9.91B | 0.00% | 0.00% |
| MNOV | -7.84% | $116.73M | +36.78% | 0.00% |
| DAO | -7.29% | $195.19M | +50.60% | 0.00% |
| PRPO | -7.28% | $8.83M | -10.62% | 0.00% |
| PGR | -6.67% | $154.68B | +61.58% | 0.43% |
| RNR | -6.45% | $14.93B | +37.70% | 0.54% |
| OXBR | -5.97% | $24.28M | +267.92% | 0.00% |
| MSDL | -5.79% | $1.89B | +4.09% | 7.02% |
| COCO | -5.77% | $2.01B | +24.79% | 0.00% |
| CME | -5.63% | $84.90B | +9.89% | 1.92% |
| PHYS.U | -5.61% | - | - | 0.00% |
ETF's related to MBIN
News
Yahoo
Key Insights Significant insider control over Merchants Bancorp implies vested interests in company growth The top 9...
Yahoo
Piper Sandler raised the firm’s price target on Merchants Bancorp (MBIN) to $52.50 from $48 and keeps an Overweight rating on the shares. The firm notes last week, Merchants Bancorp completed a 7.625% fixed preferred stock offering that raised $223M in net proceeds. Piper expects proceeds will be utilized to redeem Merchants Bancorp’s $125M Series B preferred that reset to 3-month SOFR +483 bps on October 1 and help support the company’s likely above average organic balance sheet growth outlook.
Yahoo
Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") (Nasdaq: MBINO) at the liquidation preference of $25.00 per share.
SeekingAlpha
Learn about new preferred stock offerings with high yields, discounts to par, and opportunities to buy at wholesale prices on the OTC market.
Finnhub
Merchants Bancorp Announces Redemption of Its Series B Preferred Stock and Declares Quarterly Preferred Dividends on Series E Preferred Shares For Release November 26, 2024 ...
Yahoo
Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share. As a result of the public offering Merchants received proceeds of approx
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