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buyModerate cluster of 2

Michael J. Dunlap bought $122k of MBIN

President, COO at Merchants Bancorp. 4,000 shares at an average of $30.59, traded Apr 29, 2025, filed May 1, 2025.

Conviction score
56
Value
$122k
4,000 shares
Holdings after
199,911
+2% from before
From 52-week low
0%
low $30.22, close $30.22
From 52-week high
-35%
high $46.19, as of Apr 29, 2025

Score components

  • Role
    President
    +20
  • Trade size
    $122k at market
    +10
  • Relative to holdings
    Holdings up 2.0%
    0
  • Price context
    0% above the 52-week low; 35% below the 52-week high
    +18
  • Cluster
    2 insiders buying within 14 days
    +8
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +4.2%, 3m -4.3%, 6m +2.4%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

MBINOct 12, 2026 · close 49.01
Since filing May 1, 2025: +62.1%SPY +41.6% · excess +20.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001562180-25-003410, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Apr 29, 2025POpen-market purchase
Common Stock
+3,429$30.56$105k199,340May 1, 2025
Apr 29, 2025POpen-market purchase
Common Stock
+571$30.80$18k199,911May 1, 2025

Related signals

Other insiders at Merchants Bancorp and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
41Moderate
MBINsell 2
Merchants Bancorp
Julia L. Kaercher
director
$497k
9,000 shares
-1%
51Moderate
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$497k
9,000 shares
-1%
50Moderate
MBINsell
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$1.8M
39,030 shares
-2%
69Notable
MBINsell
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$949k
29,248 shares
-170%
38Weak
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$32k
1,602 shares
-9%
47Moderate
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$90k
4,455 shares
-19%
51Moderate
MBINsell 2
Merchants Bancorp
Martin A Schroeter
President-Warehouse Lending
$253k
5,500 shares
-34%
60Notable
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$440k
21,759 shares
-48%
50Moderate
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$209k
10,346 shares
-19%
40Moderate
MBINsell 2
Merchants Bancorp
Michael F. Petrie
Chairman and CEO
$49k
2,404 shares
-4%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Michael J. Dunlap bought $122k of MBIN | InsiderTell