Moon Capital - Merchants Bancorp: The Bank You've Never Heard Of [Seeking Alpha]
Merchants Bancorp (MBIN)
Last merchants bancorp earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
prnewswire.com/news-releases/merchants-bancorp-reports-fourth-quarter-and-full-year-2017-results-300596104.html
Company Research
Source: Seeking Alpha
MBIN, at our purchase price of five times earnings, carries one of the lowest multiples in the entire sector. We expect future earnings increases should approximate the company's growth in underlying book value. The following segment was excerpted from this fund letter. Merchants Bancorp ( NASDAQ: MBIN We recently purchased shares of Merchants Bancorp, one of the best run banks you've never heard of. The company has compounded its tangible book value 30% annually for the last five years - compared to 7% for First Horizon, 9% for JP Morgan and only 4.5% for the S&P 500. MBIN consistently earns a 25%+ return on tangible equity, operates with one of the best efficiency ratios in banking yet, at our purchase price of five times earnings, it carried one of the lowest multiples in the entire sector. Over the years, Merchants has carved out a couple of highly profitable niches in its Multifamily Mortgage and Mortgage Warehousing business units. Merchants - Multifamily Mortgage
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MBIN
News
- Merchants Bancorp (NASDAQ: MBIN) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $58.50 price target on the stock, up previously from $53.00.MarketBeat
- Here's What Key Metrics Tell Us About Merchants Bancorp (MBIN) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Reports First Quarter 2024 ResultsPR Newswire
- Investors in Merchants Bancorp (NASDAQ:MBIN) have seen strong returns of 184% over the past five years [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Full Year 2023 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
MBIN
Earnings
- 4/29/24 - Beat
MBIN
Sec Filings
- 4/29/24 - Form 8-K
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- MBIN's page on the SEC website