Added to YB: 2024-05-27
Pitch date: 2024-05-24
MBIN [bullish]
Merchants Bancorp
-8.67%
current return
Author Info
@ArmsGarrett is a a research analyst and portfolio manager whoe stock pitches on Twitter. Follow on Twitter
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
$40.21
Price Target
65.00 (+79%)
Dividend
1.16%
EV/EBITDA
N/A
P/E
7.92
EV/Sales
N/A
Sector
Financial Services
Category
growth
Merchants Bancorp: A High-Growth, High-Efficiency Banking Leader
MBIN $40: Rapidly growing bank at 6x EPS, 1.3x TBV, 25% ROE. Owner-operators, best efficiency ratio. Mortgage Warehousing EBIT -60% but Banking 3x in 3yrs, 2% ROA. Multi-Family 10%+ ROA, $50M income, $400M assets. Merchants Capital syndication fees 250%+ TTM. Warehousing +40% vs industry -33%. $65+ target.
Read full article (2 min)