Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Merchants Bancorp shares valued at $299,871 were purchased by Petrie Michael F. on Feb 06 ’25. At $42.98 per share, Petrie Michael F. acquired 6,977 shares.
Also, Evans Scott A. sold 25,000 shares, netting a total of over 1,077,500 in proceeds. Following the sale of shares at $43.10 each, the insider now holds 27,606 shares.
Before that, SCOTT A EVANS had added 25,000 shares to its account. In a trade valued at $994,000, the Director bought Merchants Bancorp shares for $39.76 each.
As published in their initiating research note from Morgan Stanley on September 09, 2024, Merchants Bancorp [MBIN] has been an Equal-weight and the price target has been revised to $54. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of June 17, 2020, Raymond James has increased its “an Outperform” rating to a “Strong buy” for MBIN.
Analyzing MBIN Stock Performance
During the last five days, there has been a surge of approximately 0.37%. Over the course of the year, Merchants Bancorp shares have dropped approximately -10.83%. Shares of the company reached a 52-week high of $43.82 on 01/29/25 and a 52-week low of $31.06 on 04/11/25. A 50-day SMA is recorded $38.23, while a 200-day SMA reached $40.94.
Support And Resistance Levels for Merchants Bancorp (MBIN)
According to the 24-hour chart, there is a support level at 32.11, which, if violated, would cause prices to drop to 31.70. In the upper region, resistance lies at 32.87. The next price resistance is at 33.23. RSI (Relative Strength Index) is 35.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.40, which suggests the price will decrease in the coming days. Percent R is at 78.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
