Petrie Michael F.

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.

Merchants Bancorp CEO Petrie sells 22,050 shares at $45.34; stock down 13.9% from 52-week high

Michael F. Petrie, Chairman and CEO of Merchants Bancorp (MBIN), sold 22,050 shares on 2024-08-27 at $45.34, reducing his holdings from 2,012,595 shares to 1,990,545 shares. The sale, valued at $999,747.00, represents a -1.1% reduction in his position. At the transaction price of $45.34, the stock was already trading 13.9% below its 52-week high of $52.59, with the broader trend showing a -13.0% decline over the prior 30 days. Examining Petrie's sale history at MBIN specifically, his prior 2 sales at this ticker were followed by mixed outcomes: one posted a +13.1% 90-day return (poorly timed relative to further gains), while the other showed -10.8% at 30 days and +0.7% at 90 days. His cross-ticker track record on sales shows an average 90-day return of 26.0% with a 0% well-timed rate, indicating past sales have not preceded material declines. Fundamentally, MBIN trades at a P/E of 6.43 on net income of $76,393,000.00, suggesting limited visible distress, though the recent price weakness warrants monitoring of what prompted the transaction timing.