MBIN Stock Summary and Trading Ideas (Merchants Bancorp | NASDAQ:MBIN)

Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.

Merchants Bancorp trades on the NASDAQ stock market under the symbol MBIN.

As of April 24, 2024, MBIN stock price declined to $40.14 with 15,177 million shares trading.

MBIN has a beta of 0.89, meaning it tends to be less sensitive to market movements. MBIN has a correlation of 0.10 to the broad based SPY ETF.

MBIN has a market cap of $1.74 billion. This is considered a Small Cap stock.

Last quarter Merchants Bancorp reported $159 million in Revenue and $1.58 earnings per share. This beat revenue expectation by $21 million and exceeded earnings estimates by $.14.

In the last 3 years, MBIN stock traded as high as $48.68 and as low as $15.01.

The top ETF exchange traded funds that MBIN belongs to (by Net Assets): VTI, VXF, IWM, AVUV, IWN.

MBIN has outperformed the market in the last year with a price return of +62.4% while the SPY ETF gained +23.8%. However, in the short term, MBIN had mixed performance relative to the market. It has underperformed in the last 3 months, returning -6.7% vs +4.2% return in SPY. But in the last 2 weeks, MBIN shares have fared better than the market returning -2.4% compared to SPY -3.0%.

MBIN support price is $39.33 and resistance is $41.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MBIN stock will trade within this expected range on the day.