A share price of Merchants Bancorp [MBIN] is currently trading at $42.35, up 6.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MBIN shares have gain 7.38% over the last week, with a monthly amount glided 14.65%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Merchants Bancorp [NASDAQ: MBIN] stock has seen the most recent analyst activity on September 09, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $54. Previously, Raymond James downgraded its rating to Outperform on July 30, 2024, and elevated its price target to $58. On June 17, 2020, upgrade upgraded it’s rating to Strong Buy.
Merchants Bancorp experienced fluctuations in its stock price throughout the past year between $34.16 and $53.27. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Merchants Bancorp [NASDAQ: MBIN] shares were valued at $42.35 at the most recent close of the market. An investor can expect a potential return of 27.51% based on the average MBIN price forecast.
Analyzing the MBIN fundamentals
Trailing Twelve Months sales for Merchants Bancorp [NASDAQ:MBIN] were 1.47B which represents 12.72% growth. Gross Profit Margin for this corporation currently stands at 1.34% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.16 and Total Capital is 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.17 points at the first support level, and at 39.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.68, and for the 2nd resistance point, it is at 45.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Merchants Bancorp [NASDAQ:MBIN] is 2.12. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 6.71.
Transactions by insiders
Recent insider trading involved Evans Scott A., Lynn Market President, that happened on Jan 29 ’25 when 25000.0 shares were sold. Director, SCOTT A EVANS completed a deal on Jan 29 ’25 to buy 25000.0 shares. Meanwhile, CEO of Merchants Capital Dury Michael R. bought 2700.0 shares on Nov 21 ’24.
