We came across a bullish thesis on Merchants Bancorp on Valueinvestorsclub.com by LDMR. In this article, we will summarize the bulls’ thesis on MBIN. Merchants Bancorp’s share was trading at $32.82 as of November 26th. MBIN’s trailing P/E was 7.54 according to Yahoo Finance.
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Merchants Bancorp (MBIN) sits in a rare position among U.S. banks, trading below book value despite delivering a long-term average ROE of 21% and industry-leading BVPS...
