Merchants Bancorp (MBIN) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Merchants Bancorp (NASDAQ: MBIN):

• 5/4/2026 – Merchants Bancorp was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 4/30/2026 – Merchants Bancorp had its “outperform” rating reaffirmed by Raymond James Financial, Inc.. They now have a $51.00 price target on the stock.
• 4/30/2026 – Merchants Bancorp was downgraded by Zacks Research from “strong-buy” to “hold”.
• 4/29/2026 – Merchants Bancorp had its “overweight” rating reaffirmed by Piper Sandler. They now have a $58.00 price target on the stock.
• 4/17/2026 – Merchants Bancorp was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 4/2/2026 – Merchants Bancorp was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.10. Merchants Bancorp’s payout ratio is currently 10.73%.

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.