Merchants Bancorp – Consensus indicates 22.1% upside potential
Merchant’s Bank with ticker code (MBIN) now have 3 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 39 and 32 with an average TP of 34.67. Given that the stock’s previous close was at 28.39, this would indicate that there is upside potential of 22.1%. The 50-day moving average now sits at 26.53 and the 200-day moving average is at 21.1. The company has a market cap of $804 million. You can visit the company’s website by visiting: http://www.merchantsbankofindiana.com
The potential market capitalization would be $982 million based on market consensus.
You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.
Merchants Bancorp operates as a diversified bank holding company in the United States. The Company operates through the Multi-Family Mortgage Banking, Mortgage Warehousing and Banking Services segments. The Multifamily Mortgage segment originates and manages government-sponsored mortgage loans for multifamily and healthcare facilities. The Mortgage Warehousing segment finances agency-eligible residential loans, including origination, purchase and sale in the secondary market, as well as commercial loans to non-custodial financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products including checking, savings, money market, certificates of deposit and term deposit accounts, as well as than other retail banking products; multifamily and bridge construction, commercial, commercial and industrial real estate, residential mortgage and consumer loan products; and letters of credit, as well as agricultural loans, small business administration loans, single family mortgages, and related lending and service businesses. It operates 16 branches in Indiana, Illinois, Florida, New York and Minnesota. Merchants Bancorp was founded in 1990 and is based in Carmel, Indiana.