MBIN Merchants Bancorp Insider Trading

Merchants Bancorp chairman and CEO Michael Petrie sells ~39k shares worth $1.8M in three transactions over two days.

Michael Petrie, Merchants Bancorp's chairman and CEO, disposed of nearly 39,000 shares across three separate transactions executed within two days in early May, totaling approximately $1.8 million. This is a significant absolute transaction size for a C-suite executive, but represents only modest positions (all under 1.5% of his holdings each), suggesting measured rather than urgent liquidation. The company itself appears financially healthy—profitable with reasonable valuation metrics—and the stock has recovered roughly 5% over the prior month and 9% over the prior quarter, trading somewhat below its recent highs. Petrie's own track record with prior sales in this stock has been mixed: some sales preceded stock declines (well-timed exits), while others preceded gains (poor timing), and his most recent prior sale just a few months earlier remains too recent to assess. The current sales occur with the stock in a modest recovery phase rather than during a pronounced weakness or strength.

MBIN CEO Petrie sells 29,248 shares across 3 transactions (blended avg $32.46); retains 1.89M shares post-sale

Chairman and CEO Michael F. Petrie executed 3 separate sales totaling 29,248 shares for $949,253.15 on 2026-02-25 and 2026-02-26, reducing holdings from 1.92M to 1.89M shares (a -1.5% reduction). The sales occurred at blended average price of $32.46, while the stock currently trades at $42.28, up 21.0% over the trailing 30 days and 29.3% over 90 days. Across Petrie's same-ticker history at MBIN, his prior 3 sells showed mixed timing outcomes: one was well-timed (50-day decline post-sale in 2024), while two generated positive returns for holders (2023 trades), resulting in a 33.33% well-timed rate over 5 prior trades. The company's fundamentals remain sound with $54.7M net income, P/E of 13.42, and market cap of $1.9B, offering limited context for assessing motivation behind the current sale.

CEO Dury Michael R. purchases 15,500 MBIN shares at $31.64; extends 5-trade buying pattern at company with P/E 5.68.

Michael R. Dury, CEO of Merchants Capital, acquired 15,500 shares at $31.64, increasing his holdings by 12.6% to 138,074 shares. This buy extends a notable pattern: all 5 of his prior trades at MBIN have demonstrated well-timed execution at the 90-day mark, with positive average 90-day returns of +3.6% (computed from the 5 prior buy outcomes: +1.7%, +3.0%, +0.6%, +4.6%, +2.9%). The underlying fundamentals remain conservative, with the company trading at a P/E of 5.68 and current price $31.36 down -27.9% from its 52-week high of $43.49. The accumulation by the CEO at this valuation, while consistent with his prior transaction discipline at this ticker, warrants monitoring for whether this pattern of well-timed entries continues or if the recent weakness represents a different market dynamic.

CFO Sean A. Sievers buys 3,000 shares of MBIN at $24.87 on 2025-09-15; stock now at $33.00.

CFO Sean A. Sievers purchased 3,000 shares at $24.87, establishing a new position in Merchants Bancorp. At the current price of $33.00, the purchase is now in positive territory, approximately 32.6% above the transaction price. Sievers has one prior open-market buy across his history showing a 30-day return of +9.0%, and his previous trade at MBIN on 2025-08-01 also returned +9.0% over 30 days, suggesting a pattern of purchases timed around periods of upward momentum. The company trades at a P/E of 5.98 with net income of $37,981,000.00, indicating relatively modest valuation, though the stock remains 30.0% below its 52-week high.

CAO Darin buys 3,353 shares at blended $29.71 across two separate transactions totaling $99,627.80

Thomas Darin L., Chief Accounting Officer of Merchants Bancorp, executed two separate purchases totaling 3,353 shares for $99,627.80 on August 22, 2025. The post-transaction holding of 1,103 shares reflects a net change of 3,353 shares purchased. The blended average price of $29.71 sits between the current price of $32.32 and the 52-week low of $29.18, positioning the transaction near the lower end of recent price action. With the stock down 31.5% from its 52-week high of $47.16 and trading at a P/E of 5.86 against net income of $37,981,000.00, the company remains fundamentally profitable; the insider's decision to purchase at this price level is the substantive fact for investors to evaluate.

CFO Sievers buys 2,500 shares of MBIN at $29.75; holdings rise 43.8% to 8,207 shares

Sean A. Sievers, Chief Financial Officer of Merchants Bancorp, purchased 2,500 shares at $29.75 on August 1, 2025, increasing his total holdings from 5,707 to 8,207 shares—a 43.8% increase in position size. The purchase price of $29.75 sits near the 52-week low of $29.18 and substantially below the 52-week high of $47.16, reflecting a point of relative weakness in the stock. The company trades at a P/E of 4.85 on net income of $58.2M with a market cap of $1.4B, a valuation that may suggest limited downside but also neutral technical momentum (stock is -34.7% from its 52-week high and -13.6% over the past 30 days). The CFO's decision to add to his position at this price level merits investor attention given his fiduciary relationship to the company and his responsibility for financial strategy and capital allocation.

CEO Dury Michael R. bought 16,000 shares at avg $31.56, +15% position increase; stock down 44.3% from 52-week high of $52.59.

Dury Michael R., CEO of Merchants Capital, executed 2 separate purchases totaling 16,000 shares for $504,936.35 on 2025-07-30 at a blended average price of $31.56. This increased his holdings by 15.0% to 122,574 shares. The timing is notable: MBIN is trading at $29.30 versus a 52-week high of $52.59 (-44.3%), and the stock has declined 15.1% over the past 30 days. Examining his prior MBIN trades, 4 of his 5 previous purchases showed positive 90-day returns, indicating a historical pattern of well-timed accumulation at this ticker. His cross-ticker track record shows 55.56% win rate over 90 days with an average 90-day return of +11.7%, suggesting some selectivity in entry points. The current purchase near a 52-week low, coupled with his track record of timing entry points favorably at MBIN and strong fundamentals (P/E 4.61, net income $58.2M), contrasts sharply with recent price weakness and warrants investor attention to both the underlying business health and his conviction to increase stake materially.

CEO Dury bought 3,305 shares at $30.86 on 2025-05-01; stock down 40.5% from 52-week high of $52.59

Michael R. Dury, CEO of Merchants Capital, purchased 3,305 shares at $30.86, bringing his total holdings to 106,574 shares. The stock is currently trading 40.5% below its 52-week high and has declined 25.3% over the past 90 days, suggesting deteriorating momentum despite the purchase. At MBIN specifically, Dury's prior buy on 2024-11-21 delivered a 90-day gain of 9.2%, while his 2024-08-05 purchases returned -7.1% and -5.6% over the same horizon—indicating mixed execution at this ticker. The purchase occurs at a valuation of P/E 4.18 and $1.4B market cap, but momentum and recent performance trends warrant closer monitoring of whether this accumulation reflects underlying operational improvement or is simply adding to a declining position.

CEO Dury bought 5,200 shares at $30.19 blended; stock down 41.6% from 52-week high, trading near 52-week low.

CEO Michael R. Dury of Merchants Capital executed 2 separate purchases on 2025-04-30, acquiring 5,200 shares for $157,002.40 ($157.0K), raising his holdings from 98,069 to 103,269 shares. The purchases occurred at $29.89 and $30.37, yielding a blended average of $30.19, which is just 0.14% above the current price of $30.72 — indicating the transaction occurred during intra-day weakness. Context is critical: the stock has declined 41.6% from its 52-week high of $52.59, with a 30-day return of -16.6% and 90-day return of -26.7%, situating this purchase near the bottom of the stock's recent range ($30.08–$52.59). At Merchants Bancorp specifically, Dury's 4 measurable prior buys yielded only 1 well-timed outcome at the 90-day mark (25% success rate), a pattern that extends to his cross-ticker track record of 33.33% win rate over 90 days. The purchase coincides with a sub-5.0 P/E valuation (4.10) and $61.3M in net income, suggesting a financially sound but depressed equity; however, historical timing accuracy does not support confidence that this entry point will prove prescient.

COO Dunlap buys 4,000 shares for $122.4K at $30.59; stock -41.6% from 52-week high, P/E 4.10.

Michael J. Dunlap, President and COO, executed 2 separate open-market purchases totaling 4,000 (4.0K shares) for $122,377.04 at a blended average price of $30.59 on 2025-04-29, increasing his holdings to 199,911 shares. The current stock price of $30.72 stands 41.6% below the 52-week high of $52.59 and down 26.7% over the past 90 days, reflecting a sustained decline. Dunlap's cross-ticker track record shows a 100% 90-day win rate across 2 prior buys with an average 90d return of +59.4%, and his 2 prior transactions at MBIN (both on 2023-05-04) delivered 90-day returns of +40.8% and +78.0% respectively, establishing a consistent pattern of well-timed accumulation. The company's P/E of 4.10 and net income of $61,273,000 provide an underlying valuation context that may inform this purchase, though the stock's recent severity of decline—down 16.6% in 30 days—sets this transaction in a backdrop of material recent weakness.