Merchants Bancorp (Indiana), trading under the symbol MBIN, has seen its shares rise above the average 12-month analyst target price of $41.33, currently priced at $41.46. This development prompts analysts to either downgrade the stock or adjust their price targets higher, depending on the underlying business performance.
Analysts within the Zacks coverage universe provide a range of target prices for MBIN, with estimates spanning from a low of $38.00 to a high of $46.00. The average target reflects a standard deviation of $4.16, indicating varied outlooks among analysts. Currently, the consensus ratings include 1 Strong Buy, 1 Buy, and 2 Holds, with no Sell ratings reported.
The average rating stands at 2.25 on a scale where 1 is Strong Buy and 5 is Strong Sell, suggesting a generally favorable outlook among analysts. The data is sourced from Zacks Investment Research.
