As of August 28, 2026, Merchants Bancorp (MBIN) has a DilutionWatch DilutionScore of 39/100, rated MEDIUM dilution risk. Merchants Bancorp has a market capitalization of $2.17B, 45.94M shares outstanding, 178 institutional holders tracked.
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Dilution Forecast
⛅
Watch
Minor dilution signals detected
model est. 17%
💰 Capital Raise
model 35%
• Low cash runway: 4 months remaining
Market Data
Market Cap$2.17B
Shares Outstanding45.94M
Float28.82M
Cash$377.31M
Debt$97.28M
Short InterestN/A
Institutional Holdings
QoQ: ↑ 192.2% shares (2026Q1 vs prior)
178 institutional holders · 47.45M shares
#1
Elser Financial Planning, Inc
26.98M shares
#2
BlackRock, Inc.
4.05M shares
#3
VANGUARD CAPITAL MANAGEMENT LLC
2.00M shares
Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.
Short Interest
Short Interest1.65M
Days to Cover8.4
% of Float5.7%
FINRA data as of Jul 31, 2026
Recent SEC Activity
No recent SEC insights
Recent News
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