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Upturn AI SWOT - About
MBIN 
Merchants Bancorp (MBIN)
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Upturn Advisory Summary
07/16/2025: MBIN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $40.67
1 Year Target Price $40.67
| 0 | Strong Buy |
| 2 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -14.23% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.58B USD | Price to earnings Ratio 6.35 | 1Y Target Price 40.67 |
Price to earnings Ratio 6.35 | 1Y Target Price 40.67 | ||
Volume (30-day avg) 3 | Beta 1.3 | 52 Weeks Range 27.17 - 52.72 | Updated Date 07/16/2025 |
52 Weeks Range 27.17 - 52.72 | Updated Date 07/16/2025 | ||
Dividends yield (FY) 1.21% | Basic EPS (TTM) 5.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 46.92% | Operating Margin (TTM) 60.6% |
Management Effectiveness
Return on Assets (TTM) 1.59% | Return on Equity (TTM) 14.81% |
Valuation
Trailing PE 6.35 | Forward PE - | Enterprise Value 5157575168 | Price to Sales(TTM) 2.55 |
Enterprise Value 5157575168 | Price to Sales(TTM) 2.55 | ||
Enterprise Value to Revenue 9.58 | Enterprise Value to EBITDA - | Shares Outstanding 45881700 | Shares Floating 29298222 |
Shares Outstanding 45881700 | Shares Floating 29298222 | ||
Percent Insiders 44.39 | Percent Institutions 33.48 |
Upturn AI SWOT
Merchants Bancorp
Company Overview
History and Background
Merchants Bancorp was founded in 1990. It has grown through strategic acquisitions and organic expansion, focusing on multi-family housing and mortgage banking.
Core Business Areas
- Multi-Family Mortgage Banking: Originates, sells, and services multi-family mortgage loans, primarily through government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, and FHA.
- Commercial Real Estate Lending: Provides financing solutions for commercial real estate projects, including construction loans, bridge loans, and permanent financing.
- Banking: Offers traditional banking services, including deposits, commercial lending, and treasury management.
- Warehouse Lending: Provides short-term financing to independent mortgage companies.
Leadership and Structure
Michael Petrie serves as the Chairman and CEO. The company has a traditional corporate structure with executive leadership overseeing each business segment, reporting to the CEO and board.
Top Products and Market Share
Key Offerings
- Multi-Family Mortgage Loans: Merchants Bancorp is a major originator of multi-family mortgage loans, particularly through government-sponsored enterprises. Precise market share data is difficult to ascertain but it is estimated to be in the top 10-15% of originators for its product line. Competitors include Walker & Dunlop (WD), Greystone, and CBRE Capital Markets.
- Commercial Real Estate Lending: Provides financing solutions for commercial real estate projects. Competitors include regional banks and larger national players. Market share within specific niches varies greatly.
- SBA Lending: Small Business Administration (SBA) loans to assist small business with growth. Competitors include regional and national banks, such as Huntington Bancshares (HBAN). Market share within specific niches varies greatly.
Market Dynamics
Industry Overview
The financial services industry, particularly multi-family and commercial real estate lending, is influenced by interest rates, economic growth, and government regulations. Demand for multi-family housing remains robust in many markets.
Positioning
Merchants Bancorp is positioned as a specialized lender with expertise in multi-family and commercial real estate finance. Its competitive advantages include its relationships with GSEs and its deep understanding of its target markets.
Total Addressable Market (TAM)
The TAM for commercial real estate lending is estimated to be in the trillions of dollars annually. Merchants Bancorp is positioned to capture a share of this market by focusing on specific asset classes and geographic regions.
Upturn SWOT Analysis
Strengths
- Strong relationships with GSEs
- Expertise in multi-family lending
- Experienced management team
- Diversified revenue streams
Weaknesses
- Concentration in real estate lending
- Sensitivity to interest rate fluctuations
- Reliance on GSE programs
- Smaller scale compared to national players
Opportunities
- Expansion into new geographic markets
- Development of new financial products
- Strategic acquisitions
- Increased demand for multi-family housing
Threats
- Rising interest rates
- Economic downturn
- Increased competition
- Changes in government regulations
Competitors and Market Share
Key Competitors
- Walker & Dunlop (WD)
- Greystone
- CBRE Capital Markets (CBRE)
Competitive Landscape
Merchants Bancorp competes with larger, more established players in the multi-family and commercial real estate lending markets. Its competitive advantages include its specialized expertise and strong relationships with GSEs.
Major Acquisitions
Farmers & Merchants Bancorp of Argonia
- Year: 2017
- Acquisition Price (USD millions): 16.8
- Strategic Rationale: Expansion into the agricultural lending market.
Growth Trajectory and Initiatives
Historical Growth: Merchants Bancorp has experienced significant growth in recent years, driven by increased multi-family lending activity.
Future Projections: Future growth is expected to be driven by continued expansion in multi-family and commercial real estate lending, but projections vary.
Recent Initiatives: Recent initiatives include expanding its presence in new geographic markets and developing new financial products.
Summary
Merchants Bancorp is a specialized lender focused on multi-family and commercial real estate finance. Its strengths lie in its GSE relationships and expertise, but it faces challenges related to interest rate sensitivity and competition. Growth opportunities exist in new markets and products. However, economic downturns and regulatory changes pose potential threats.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Financial data is unavailable without premium access.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Merchants Bancorp
Exchange NASDAQ | Headquaters Carmel, IN, United States | ||
IPO Launch date 2017-10-27 | Co-Founder, Chairman & CEO Mr. Michael F. Petrie CMB | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 663 | |
Full time employees 663 | |||
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family rental housing and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
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