Analyst Price Target is $33.50
▲ +27.28% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Merchants Bancorp in the last 3 months. The average price target is $33.50, with a high forecast of $38.00 and a low forecast of $29.00. The average price target represents a 27.28% upside from the last price of $26.32.
Current Consensus is
The current consensus among 2 contributing investment analysts is to buy (strong buy) stock in Merchants Bancorp. This rating has held steady since May 2021, when it changed from a Buy consensus rating.
Merchants Bancorp is a bank holding company, which specializes in multiple lines of business in banking and finance. It operates through the following segments: Multi-Family Mortgage Banking, Mortgage Warehousing and Banking. The Multi-Family Mortgage Banking segment engages in mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties. The Mortgage Warehousing segment funds agency eligible loans for non-depository financial institutions from the date of origination or purchase until the date of sale to an investor. The Banking segment refers to financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products, and letters of credit and various types of deposit products, including checking, savings and time deposit accounts. The company was founded by Michael Petrie and Randall D. Rogers in 1990 and is headquartered in Carmel, IN.