Added to YB: 2025-12-10
Pitch date: 2025-10-09
MBIN [bullish]
Merchants Bancorp
+12.62%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$1.6B
Pitch Price
$32.17
Price Target
90.00 (+148%)
Dividend
1.16%
EV/EBITDA
N/A
P/E
7.92
EV/Sales
N/A
Sector
Financial Services
Category
value
Merchants Bancorp - $MBIN
MBIN: High-ROE bank (21% avg since 2016, 27% BVPS growth) trading <1x BV due to temporary fraud-related loan issues. $279M delinquent loans from sophisticated fraud ring affecting multi-family/healthcare lending. Management owns 40%, strong track record. Target 1.5x BV ($90/share) as issues resolve by 2028, implying ~3x return in 3+ years.
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