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Merchants Bancorp (MBIN) stock: analyst price target and their real reliability

Live quote · data updated Aug 28, 2026
Merchants Bancorp · Financials · ref. ETF XLF · 50 calls · price $53.26
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What the company does: Merchants Bancorp operates as the diversified bank holding company in the United States.

📈 Merchants Bancorp (MBIN) stock price

$53.26+63.7% over range
Aug 28, 25low $30.42 · high $55.72Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Hold
33% recommend buying · 3 analysts
📊 JPI status : Merchants Bancorp has never appeared in a JPI ranking (Fair or Risk +) — our methods haven't picked it to date. See the selected stocks →

🎯 MBIN price target & analyst consensusprice $53.26

The price target · all analysts combined (2 targets)
Highest target · 1 firm of 2$58+8.9%
Median target · of 2 targets$53.5+0.5%
Lowest target · 1 firm of 2$49-8.0%
Current price$53.26
⭐ What the most reliable analysts say · those who beat their sector, targets replayed on real prices

⭐ The most reliable of them, either direction: Piper Sandler65% of its targets hit on this sector (326 calls tested). It aims for $58 (+8.9 %), call made on July 30, 2026, maturing on July 30, 2027 (29 d ago).

The 1 reliable analyst $58+8.9 %
The 1 other firm $49-8.0 %
How to read it: the 1 reliable firms are not filtered by optimism — 1 aim above the price, 0 below, hence their $58 median. “The 1 others” are the firms that don't pass our reliability filter on this sector.
The consensus · 3 ratings (last 6 months)
Strong Buy00%
Buy133%
Hold267%
Sell00%
Strong Sell00%
Go deeper on the analysts
All analysts (the consensus)  ·  vs  ·  the best (those who've been right)
💬 A question about Merchants Bancorp? The JPI assistant answers using our backtest data.

🔎 Detailed analyses

✅ Historical analyst reliability on MBIN

Hit rate measured on targets already matured (12 months), replayed against real prices. Click a header to sort.

Firm % right i Gain vs sector i Calls i
SunTrust Robinson Humphrey 100% +104.7% 2
Raymond James  68% +22.7% 22
Piper Sandler  58% +29.2% 12

📊 What $1,000 invested in Merchants Bancorp would be worth › open the full page

In short — $1,000 invested in Merchants Bancorp 10 years ago would be worth $4,338 today, i.e. +18%/yr on average. Best year: 2023 (+75%), worst: 2022 (-23%). Price performance, excluding dividends.

If I'd invested $1,000 in Merchants Bancorp

InvestmentWorth todayGain
1 years ago$1,322+32%
3 years ago$1,998+100%
5 years ago$2,637+164%
→ See Merchants Bancorp's full return history + gain calculator

Return by year (Merchants Bancorp)

YearReturn$1,000 invested at year start
2026 (YTD)+46%$1,464 (+46%)
2025-10%$1,322 (+32%)
2024-14%$1,141 (+14%)
→ See Merchants Bancorp's full return history + gain calculator
⚠️ Past performance, not predictive nor advice. Prices in $, excluding dividends. Yahoo Finance data.

📰 Recent news on Merchants Bancorp

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📋 All analyst calls on MBIN

Piper Sandler 
Jul 29, 26
▲ Overweight · 🎯$58
Price at call : $55.51 — upside +4%
Today : $53.26 — upside +9%
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
in progress (365j)
matures : Jul 29, 27
Raymond James 
Jul 1, 26
■ Market Perform neutral · not a buy
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
in progress (365j)
matures : Jul 1, 27
Morgan Stanley 
Jun 29, 26
■ Equal-Weight neutral · not a buy · 🎯$49
Price at call : $50 — gap to target -2%
Today : $53.26 — gap to target -8%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Jun 29, 27
■ Equal-Weight neutral · not a buy · 🎯$51
Price at call : $43.05 — gap to target +18%
Today : $53.26 — gap to target -4%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Mar 2, 27
Morgan Stanley 
Jan 30, 26
■ Equal-Weight neutral · not a buy · 🎯$42
Price at call : $42.64 — gap to target -2%
Today : $53.26 — gap to target -21%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Jan 30, 27
Piper Sandler 
Oct 30, 25
▲ Overweight · 🎯$42
Price at call : $31.27 — upside +34%
Today : $53.26 — upside -21%
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
in progress (365j)
matures : Oct 30, 26
Raymond James 
Oct 29, 25
▲ Outperform · 🎯$38
Price at call : $31.27 — upside +22%
Today : $53.26 — upside -29%
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
in progress (365j)
matures : Oct 29, 26
Morgan Stanley 
Sep 29, 25
■ Equal-Weight neutral · not a buy · 🎯$39
Price at call : $31.8 — gap to target +23%
Today : $53.26 — gap to target -27%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Sep 29, 26
See the other 42 calls, newest to oldest
Piper Sandler 
Jul 30, 25
▲ Overweight · 🎯$41
Price at call : $31.05 — upside +32%
Today : $53.26 — upside -23%
Expected +32% · Actual +79% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+78.8%
stock +79% · XLF +8%
matured Jul 30, 26
Morgan Stanley 
Jul 29, 25
■ Equal-Weight neutral · not a buy · 🎯$34
Price at call : $31.05 — gap to target +10%
Today : $53.26 — gap to target -36%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Jul 29, 26
Raymond James 
Jul 29, 25
▲ Outperform · 🎯$40
Price at call : $31.05 — upside +29%
Today : $53.26 — upside -25%
Expected +29% · Actual +79% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+78.8%
stock +79% · XLF +8%
matured Jul 29, 26
Raymond James 
Apr 29, 25
▲ Outperform · 🎯$41
Price at call : $30.08 — upside +36%
Today : $53.26 — upside -23%
Expected +36% · Actual +55% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+54.7%
stock +55% · XLF +7%
matured Apr 29, 26
Raymond James 
Apr 2, 25
▲ Outperform · 🎯$45
Price at call : $33.68 — upside +34%
Today : $53.26 — upside -16%
Expected +34% · Actual +33% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+33.1%
stock +33% · XLF +5%
matured Apr 2, 26
Morgan Stanley 
Mar 13, 25
■ Equal-Weight neutral · not a buy · 🎯$45
Price at call : $37.9 — gap to target +19%
Today : $53.26 — gap to target -16%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Mar 13, 26
Raymond James 
Jan 30, 25
▲ Outperform · 🎯$53
Price at call : $42.55 — upside +25%
Today : $53.26 — upside -0%
Expected +25% · Actual -3% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-2.6%
stock -3% · XLF +3%
matured Jan 30, 26
Piper Sandler 
Jan 30, 25
▲ Overweight · 🎯$56.5
Price at call : $42.55 — upside +33%
Today : $53.26 — upside +6%
Expected +33% · Actual -3% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
-2.6%
stock -3% · XLF +3%
matured Jan 30, 26
Piper Sandler 
Nov 26, 24
▲ Overweight · 🎯$52.5
Price at call : $41.68 — upside +26%
Today : $53.26 — upside -1%
Expected +26% · Actual -21% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
-21.3%
stock -21% · XLF +4%
matured Nov 26, 25
Piper Sandler 
Oct 30, 24
▲ Overweight · 🎯$48
Price at call : $36.94 — upside +30%
Today : $53.26 — upside -10%
Expected +30% · Actual -16% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
-15.6%
stock -16% · XLF +13%
matured Oct 30, 25
Raymond James 
Oct 29, 24
▲ Outperform · 🎯$55
Price at call : $35.96 — upside +53%
Today : $53.26 — upside +3%
Expected +53% · Actual -13% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-13.0%
stock -13% · XLF +11%
matured Oct 29, 25
■ Equal-Weight neutral · not a buy · 🎯$54
Price at call : $42.43 — gap to target +27%
Today : $53.26 — gap to target +1%
🎯 on MBIN : no call matured yet · 📊 on Finance : 42.5% · -2.6% (179 calls)
in progress (365j)
matures : Sep 9, 25
Raymond James 
Jul 30, 24
▲ Outperform · 🎯$58
Price at call : $44.26 — upside +31%
Today : $53.26 — upside +9%
Expected +31% · Actual -30% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-29.8%
stock -30% · XLF +20%
matured Jul 30, 25
Piper Sandler 
May 17, 24
▲ Overweight · 🎯$56
Price at call : $42.8 — upside +31%
Today : $53.26 — upside +5%
Expected +31% · Actual -23% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
-23.2%
stock -23% · XLF +21%
matured May 17, 25
Raymond James 
May 15, 24
▲ Strong Buy · 🎯$55
Price at call : $42.84 — upside +28%
Today : $53.26 — upside +3%
Expected +28% · Actual -22% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-22.1%
stock -22% · XLF +22%
matured May 15, 25
Piper Sandler 
May 3, 24
▲ Overweight · 🎯$58.5
Price at call : $46.83 — upside +25%
Today : $53.26 — upside +10%
Expected +25% · Actual -34% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
-33.6%
stock -34% · XLF +20%
matured May 3, 25
Raymond James 
Jan 30, 24
▲ Strong Buy · 🎯$55
Price at call : $45.84 — upside +20%
Today : $53.26 — upside +3%
Expected +20% · Actual -8% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-7.6%
stock -8% · XLF +31%
matured Jan 29, 25
Raymond James 
Oct 30, 23
▲ Strong Buy · 🎯$44
Price at call : $29.67 — upside +48%
Today : $53.26 — upside -17%
Expected +48% · Actual +21% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+21.4%
stock +21% · XLF +47%
matured Oct 29, 24
Piper Sandler 
Jul 31, 23
▲ Overweight · 🎯$38
Price at call : $31.66 — upside +20%
Today : $53.26 — upside -29%
Expected +20% · Actual +42% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+42.1%
stock +42% · XLF +24%
matured Jul 30, 24
Raymond James 
Jul 31, 23
▲ Strong Buy · 🎯$41
Price at call : $31.61 — upside +30%
Today : $53.26 — upside -23%
Expected +30% · Actual +40% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+40.0%
stock +40% · XLF +24%
matured Jul 30, 24
Piper Sandler 
May 1, 23
▲ Overweight · 🎯$31
Price at call : $23 — upside +35%
Today : $53.26 — upside -42%
Expected +35% · Actual +81% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+80.9%
stock +81% · XLF +25%
matured Apr 30, 24
Raymond James 
Feb 28, 23
▲ Strong Buy · 🎯$38
Price at call : $30.25 — upside +26%
Today : $53.26 — upside -29%
Expected +26% · Actual +37% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+37.1%
stock +37% · XLF +13%
matured Feb 28, 24
Raymond James 
Jan 31, 23
▲ Strong Buy · 🎯$35
Price at call : $28.77 — upside +22%
Today : $53.26 — upside -34%
Expected +22% · Actual +52% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+52.0%
stock +52% · XLF +6%
matured Jan 31, 24
Raymond James 
Oct 6, 22
▲ Strong Buy · 🎯$32
Price at call : $23.69 — upside +35%
Today : $53.26 — upside -40%
Expected +35% · Actual +16% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+15.6%
stock +16% · XLF +4%
matured Oct 6, 23
Piper Sandler 
Sep 28, 22
▲ Overweight · 🎯$30
Price at call : $23.52 — upside +28%
Today : $53.26 — upside -44%
Expected +28% · Actual +17% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+17.1%
stock +17% · XLF +8%
matured Sep 28, 23
Raymond James 
Aug 1, 22
▲ Strong Buy · 🎯$37
Price at call : $26.93 — upside +37%
Today : $53.26 — upside -31%
Expected +37% · Actual +18% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+17.6%
stock +18% · XLF +6%
matured Aug 1, 23
Raymond James 
May 2, 22
▲ Strong Buy · 🎯$33
Price at call : $23.5 — upside +40%
Today : $53.26 — upside -38%
Expected +40% · Actual -2% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-2.1%
stock -2% · XLF -6%
matured May 2, 23
Raymond James 
Nov 2, 21
▲ Strong Buy · 🎯$36.6667
Price at call : $30.97 — upside +18%
Today : $53.26 — upside -31%
Expected +18% · Actual -23% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
-23.2%
stock -23% · XLF -17%
matured Nov 2, 22
Raymond James 
Aug 26, 21
▲ Strong Buy · 🎯$32.6667
Price at call : $24.29 — upside +34%
Today : $53.26 — upside -39%
Expected +34% · Actual +13% · Reason (≥ +15%) : ✗ No
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+13.0%
stock +13% · XLF -14%
matured Aug 26, 22
Raymond James 
Feb 1, 21
▲ Strong Buy · 🎯$29.3333
Price at call : $21.28 — upside +38%
Today : $53.26 — upside -45%
Expected +38% · Actual +43% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+42.9%
stock +43% · XLF +35%
matured Feb 1, 22
Raymond James 
Dec 7, 20
▲ Strong Buy · 🎯$26
Price at call : $18.09 — upside +44%
Today : $53.26 — upside -51%
Expected +44% · Actual +67% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+67.2%
stock +67% · XLF +37%
matured Dec 7, 21
Piper Sandler 
Sep 29, 20
▲ Overweight · 🎯$15.3333
Price at call : $13.14 — upside +17%
Today : $53.26 — upside -71%
Expected +17% · Actual +100% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+100.3%
stock +100% · XLF +56%
matured Sep 29, 21
▲ Buy · 🎯$15.3333
Price at call : $13.56 — upside +13%
Today : $53.26 — upside -71%
Expected +13% · Actual +74% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 100% (1 call matured) · 📊 on Finance : 41.4% · -1.7% (58 calls)
+74.3%
stock +74% · XLF +55%
matured Aug 25, 21
Piper Sandler 
Jul 29, 20
▲ Overweight · 🎯$14
Price at call : $12.75 — upside +10%
Today : $53.26 — upside -74%
Expected +10% · Actual +92% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+91.5%
stock +92% · XLF +52%
matured Jul 29, 21
▲ Buy · 🎯$12
Price at call : $10.66 — upside +13%
Today : $53.26 — upside -77%
Expected +13% · Actual +174% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 100% (2 calls matureds) · 📊 unranked overall
+173.6%
stock +174% · XLF +69%
matured May 19, 21
Raymond James 
Feb 3, 20
▲ Outperform · 🎯$14.6667
Price at call : $13.31 — upside +10%
Today : $53.26 — upside -72%
Expected +10% · Actual +62% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+62.1%
stock +62% · XLF -0%
matured Feb 2, 21
Raymond James 
Aug 29, 19
▲ Outperform · 🎯$13.3333
Price at call : $10.66 — upside +25%
Today : $53.26 — upside -75%
Expected +25% · Actual +28% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+28.0%
stock +28% · XLF -5%
matured Aug 28, 20
Stephens & Co. 
Jul 11, 18
■ Equal-Weight neutral · not a buy
🎯 on MBIN : 100% (1 call matured) · 📊 on Finance : 48.6% · -0.4% (109 calls)
in progress (365j)
matures : Jul 11, 19
Piper Sandler 
Nov 21, 17
▲ Buy · 🎯$14
Price at call : $11.77 — upside +19%
Today : $53.26 — upside -74%
Expected +19% · Actual +36% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 58% (12 calls matureds) · 📊 on Finance : 51.5% · +3.5% (326 calls)
+36.0%
stock +36% · XLF -1%
matured Nov 21, 18
Stephens & Co. 
Nov 21, 17
▲ Overweight · 🎯$14
Price at call : $11.69 — upside +20%
Today : $53.26 — upside -74%
Expected +20% · Actual +36% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 100% (1 call matured) · 📊 on Finance : 48.6% · -0.4% (109 calls)
+35.8%
stock +36% · XLF -1%
matured Nov 21, 18
Raymond James 
Nov 21, 17
▲ Outperform · 🎯$13.3333
Price at call : $11.69 — upside +14%
Today : $53.26 — upside -75%
Expected +14% · Actual +36% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 68% (22 calls matureds) · 📊 on Finance : 39.9% · -2.6% (353 calls)
+35.8%
stock +36% · XLF -1%
matured Nov 21, 18
▲ Buy · 🎯$14.6667
Price at call : $11.69 — upside +25%
Today : $53.26 — upside -72%
Expected +25% · Actual +36% · Reason (≥ +15%) : ✓ Yes
🎯 on MBIN : 100% (2 calls matureds) · 📊 unranked overall
+35.8%
stock +36% · XLF -1%
matured Nov 21, 18

Frequently asked questions

Should I buy Merchants Bancorp stock?

This isn't buy advice. For Merchants Bancorp, the analyst consensus is "Hold", with an average price target of $53.50 (+0% vs the current price). What matters is their past reliability on this stock: the most reliable one is right 100% of the time (2 calls tracked on Merchants Bancorp). We show the numbers — you decide.

Is it too late to buy Merchants Bancorp? How high can it go?

The most bullish analyst target on Merchants Bancorp is $58.00 (+9% above today's price); the average is $53.50. That's the upside they see. Check how reliable those analysts have actually been on Merchants Bancorp on our site before trusting it.

Is Merchants Bancorp still a good buy?

The most useful "opinion" isn't an opinion — it's a track record: 3 analysts have a real record on Merchants Bancorp, the best hitting 100% over 2 calls. Current consensus: "Hold". Make your call on data, not noise.

What has Merchants Bancorp's past performance been?

Historical returns and a "how much if I had invested" calculator: MBIN performance & returns.

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JPI AI Analyst AI assistant · JPI Invest
Answers based on the tool’s data · not financial advice · full version (free)