Merchants Bancorp insider trading
Every open-market purchase and sale by Merchants Bancorp's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.
| Date | Insider | Trade | Shares | Price | Value | 1M after | 3M after | 6M after |
|---|
Does following Merchants Bancorp’s insiders pay?
From November 29, 2018 to July 31, 2026, 17 insiders reported 49 open-market purchases and 39 sales not made under a pre-set plan in Merchants Bancorp. Twelve months after each purchase was reported, the shares were +9.2% against the S&P 500 on average (median −3.0%), over 48 purchases with a full year of prices; 44% beat the index. After sales, the shares moved +6.7% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on November 30, 2018 into $35,290 by November 2, 2026, +17.3% a year. It held shares 98% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $27,513 (+13.7% a year), and held throughout $30,933 (+15.4%).
| Insider | Role | Purchases | 12 months after their purchases | Beat the S&P 500 | Sales | 12 months after their sales | Latest report |
|---|---|---|---|---|---|---|---|
| Petrie Michael F. | Chairman and CEO | 2 | +8.4% (2) | 100% | 22 | +12.4% (6) | July 31, 2026 |
| Dury Michael R. | CEO of Merchants Capital | 13 | −0.1% (12) | 42% | 1 | +30.7% (1) | November 3, 2025 |
| O'brien Patrick D. | Director | 12 | +22.1% (12) | 50% | 0 | — | November 20, 2024 |
| Rogers Randall D. | Vice Chairman | 2 | +6.3% (2) | 100% | 9 | −9.0% (9) | August 27, 2024 |
| Dunlap Michael J. | President, COO | 3 | +24.5% (3) | 67% | 2 | +11.7% (2) | May 1, 2025 |
| Shane David N. | Director | 4 | −15.9% (4) | 0% | 0 | — | November 20, 2024 |
| Kucer Susan Dehner | Indianpolis Market President | 2 | −14.6% (2) | 0% | 1 | +30.7% (1) | March 18, 2021 |
| Juster Andrew | Director | 2 | −4.8% (2) | 0% | 0 | — | September 23, 2022 |
| Koors Jerry F. | Merchants Mortgage President | 1 | −6.7% (1) | 0% | 1 | +30.7% (1) | March 18, 2021 |
| Oznick Terry A | SVP, General Counsel | 2 | +35.0% (2) | 50% | 0 | — | May 2, 2023 |
| Sellers Anne E. | Director | 2 | −4.8% (2) | 0% | 0 | — | September 23, 2022 |
| Sievers Sean A. | CHIEF FINANCIAL OFFICER | 2 | +50.1% (2) | 100% | 0 | — | September 18, 2025 |
| Belser Richard L. | SVP, Chief Credit Officer | 1 | −22.6% (1) | 0% | 0 | — | March 26, 2019 |
| Evans Scott A. | Lynn Market President | 0 | — | — | 1 | +30.7% (1) | January 3, 2020 |
| Kaercher Julia L. | Director | 0 | — | — | 1 | — | July 31, 2026 |
| Schroeter Martin A | President-Warehouse Lending | 0 | — | — | 1 | — | February 12, 2026 |
| Thomas Darin L. | Chief Accounting Officer | 1 | +43.3% (1) | 100% | 0 | — | August 25, 2025 |
When several insiders traded Merchants Bancorp
Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Merchants Bancorp in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 8 buying crowds with six months of prices, it averaged −2.1% against the index. After 1 selling crowd, −7.9%. One company's history is too short to judge by; the test across every company is the better guide.
| Month | Crowd | 3 months on, vs S&P 500 | 6 months | 12 months |
|---|---|---|---|---|
| August 29, 2025 | 3 buying | −5.1% | +27.5% | +41.9% |
| May 30, 2025 | 2 buying | −8.2% | −13.9% | +17.8% |
| November 29, 2024 | 3 buying | −0.4% | −23.2% | −30.5% |
| May 31, 2023 | 3 buying | +17.6% | +39.0% | +48.9% |
| September 30, 2022 | 6 buying | −1.8% | −4.3% | −3.7% |
| May 31, 2022 | 2 buying | +10.9% | +2.1% | −11.3% |
| March 31, 2021 | 6 buying | −14.6% | −16.4% | −16.8% |
| January 31, 2020 | 5 selling | −12.1% | −7.9% | +45.8% |
| March 29, 2019 | 6 buying | −24.7% | −27.7% | −24.3% |