Merchants Bancorp (MBIN)
NASDAQ: MBIN · Real-Time Price · USD
36.03
-7.86 (-17.91%)
At close: Oct 29, 2024, 4:00 PM
36.40
+0.37 (1.03%)
After-hours: Oct 29, 2024, 6:21 PM EDT
Merchants Bancorp Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Merchants Bancorp stock have an average target of 55, with a low estimate of 54 and a high estimate of 56. The average target predicts an increase of 52.65% from the current stock price of 36.03.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MBIN stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $58 → $55 | Buy | Maintains | $58 → $55 | +52.65% | Oct 29, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Initiates $54 | Hold | Initiates | $54 | +49.88% | Sep 9, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $55 → $58 | Strong Buy → Buy | Downgrades | $55 → $58 | +60.98% | Jul 30, 2024 |
| Piper Sandler | Piper Sandler | Buy Reiterates $59 → $56 | Buy | Reiterates | $59 → $56 | +55.43% | May 17, 2024 |
| Raymond James | Raymond James | Strong Buy Reiterates $55 | Strong Buy | Reiterates | $55 | +52.65% | May 15, 2024 |
Financial Forecast
Revenue This Year
652.09M
Revenue Next Year
678.01M
from 652.09M
Increased by 3.97%
EPS This Year
6.34
from 5.64
Increased by 12.47%
EPS Next Year
6.04
from 6.34
Decreased by -4.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 682.5M | 723.5M | 775.9M |
| Avg | 652.1M | 678.0M | 753.8M |
| Low | 613.7M | 617.3M | 724.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 10.9% | 14.4% |
| Avg | - | 4.0% | 11.2% |
| Low | - | -5.3% | 6.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.59 | 6.60 |
| Avg | 6.34 | 6.04 |
| Low | 6.03 | 5.44 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 16.9% | 4.1% |
| Avg | 12.5% | -4.8% |
| Low | 7.0% | -14.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.