Mercantile Bank Corp. Company Profile (NASDAQ:MBWM)

Analyst Ratings

Consensus Ratings for Mercantile Bank Corp. (NASDAQ:MBWM) (?)
Ratings Breakdown: 2 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $24.50 (2.16% downside)

Analysts' Ratings History for Mercantile Bank Corp. (NASDAQ:MBWM)
Show:
DateFirmActionRatingPrice TargetActions
11/12/2015Keefe, Bruyette & WoodsBoost Price TargetOutperform$25.00 -> $26.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/25/2015Raymond James Financial Inc.UpgradeMarket Perform -> Outperform$23.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/22/2015Sandler O'NeillDowngradeBuy -> HoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/20/2015FIG PartnersDowngradeOutperform -> Market PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/24/2014 forward)

Earnings

Earnings History for Mercantile Bank Corp. (NASDAQ:MBWM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
10/18/2016        
7/19/2016Q216$0.42$0.46$30.10 million$31.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/19/2016Q116$0.40$0.52$29.05 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/19/2016Q415$0.39$0.40$29.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/20/2015Q315$0.40$0.45$28.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015Q215$0.39$0.39$28.45 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/21/2015Q1$0.38$0.39ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/20/2015Q414$0.41$0.38$29.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/21/2014Q3$0.41$0.35ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/22/2014Q214$0.41$0.34$21.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/22/2014Q114$0.41$0.41$18.59 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/21/2014Q413$0.40$0.59$13.50 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/15/2013Q3 13$0.38$0.40ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/15/2013Q313$0.38$0.40$13.39 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/16/2013Q2 13$0.35$0.46ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/16/2013Q2 2013$0.35$0.46$13.41 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/16/2013Q1 2013$0.33$0.50$13.55 million$13.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/15/2013Q4 12$0.31$0.35ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mercantile Bank Corp. (NASDAQ:MBWM)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.39$0.39$0.39
Q2 20162$0.42$0.43$0.43
Q3 20161$0.44$0.44$0.44
Q4 20161$0.45$0.45$0.45
Q1 20171$0.44$0.44$0.44
Q2 20171$0.46$0.46$0.46
Q3 20171$0.49$0.49$0.49
Q4 20171$0.50$0.50$0.50
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mercantile Bank Corp. (NASDAQ:MBWM)
Annual Dividend:$0.64
Dividend Yield:2.56%
Payout Ratio:34.97% (Based on Trailing 12 Months of Earnings)
33.51% (Based on Current Year Consensus EPS Estimate)
33.16% (Based on Next Year Consensus EPS Estimate)

Dividend History for Mercantile Bank Corp. (NASDAQ:MBWM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
7/19/2016quarterly$0.172.7%9/7/20169/9/20169/21/2016Tweet This Announcement  Share This Announcement on StockTwits
4/21/2016quarterly$0.162.63%6/8/20166/10/20166/23/2016Tweet This Announcement  Share This Announcement on StockTwits
1/20/2016quarterly$0.162.79%3/9/20163/11/20163/23/2016Tweet This Announcement  Share This Announcement on StockTwits
10/21/2015quarterly$0.152.86%12/9/201512/11/201512/23/2015Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015quarterly$0.152.92%9/9/20159/11/20159/23/2015Tweet This Announcement  Share This Announcement on StockTwits
4/21/2015quarterly$0.142.71%6/10/20156/12/20156/24/2015Tweet This Announcement  Share This Announcement on StockTwits
1/21/2015quarterly$0.142.93%3/11/20153/13/20153/25/2015Tweet This Announcement  Share This Announcement on StockTwits
10/22/2014quarterly$0.122.53%12/10/201412/12/201412/24/2014Tweet This Announcement  Share This Announcement on StockTwits
10/21/2014quarterly$0.1212/12/201412/24/2014Tweet This Announcement  Share This Announcement on StockTwits
7/22/2014quarterly$0.122.44%9/10/20149/12/20149/24/2014Tweet This Announcement  Share This Announcement on StockTwits
7/22/2014quarterly$0.129/12/20149/24/2014Tweet This Announcement  Share This Announcement on StockTwits
5/12/2014quarterly$0.122.17%6/11/20146/13/20146/25/2014Tweet This Announcement  Share This Announcement on StockTwits
5/9/2014special$2.005/22/20145/29/2014Tweet This Announcement  Share This Announcement on StockTwits
5/9/2014quarterly$0.126/13/20146/25/2014Tweet This Announcement  Share This Announcement on StockTwits
1/22/2014quarterly$0.122.18%2/6/20142/10/20143/10/2014Tweet This Announcement  Share This Announcement on StockTwits
1/21/2014quarterly$0.122/10/20143/10/2014Tweet This Announcement  Share This Announcement on StockTwits
10/16/2013quarterly$0.122.16%11/6/201311/8/201312/10/2013Tweet This Announcement  Share This Announcement on StockTwits
10/15/2013quarterly$0.1211/8/201312/10/2013Tweet This Announcement  Share This Announcement on StockTwits
7/16/2013quarterly$0.122.42%8/7/20138/9/20139/10/2013Tweet This Announcement  Share This Announcement on StockTwits
7/16/2013quarterly$0.128/9/20139/10/2013Tweet This Announcement  Share This Announcement on StockTwits
4/16/2013quarterly$0.112.66%5/8/20135/10/20136/10/2013Tweet This Announcement  Share This Announcement on StockTwits
1/15/2013quarterly$0.102.33%2/6/20132/8/20133/8/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Mercantile Bank Corp. (NASDAQ:MBWM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
3/4/2016Thomas R SullivanDirectorSell560$24.00$13,440.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/19/2016Jeff A GardnerDirectorSell3,999$22.63$90,497.37View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/22/2016Michael H PriceCEOSell8,000$21.16$169,280.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/15/2015Thomas R SullivanDirectorSell3,000$24.20$72,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/24/2015Samuel G StoneEVPSell1,378$25.10$34,587.80View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/19/2015Thomas R. SullivanDirectorSell1,653$25.14$41,556.42View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/16/2015Thomas R SullivanDirectorSell3,000$24.00$72,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/23/2015Thomas R SullivanDirectorSell3,000$21.50$64,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/24/2015Thomas R SullivanDirectorSell3,000$21.00$63,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/17/2015Thomas R SullivanChairmanSell3,000$20.37$61,110.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/27/2015Edward B GrantDirectorSell2,247$20.44$45,928.68View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/29/2014Robert B KaminskiCOOSell3,000$19.43$58,290.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Mercantile Bank Corp. (NASDAQ:MBWM)
DateHeadline
07/21/16 10:27 AMMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q2, 2016 By the Numbers : July 21, 2016 -
07/21/16 07:57 AMMercantile Bank's (MBWM) CEO Michael Price on Q2 2016 Results - Earnings Call Transcript
07/19/16 01:28 PMEdited Transcript of MBWM earnings conference call or presentation 19-Jul-16 2:00pm GMT -
07/19/16 11:12 AMMercantile Bank (MBWM) Tops Q2 EPS by 4c; CEO Price to Retire
07/19/16 11:12 AMMercantile Bank : posts 2Q profit
07/19/16 11:12 AMMercantile Bank Corporation Increases Cash Dividend
07/19/16 06:07 AMQ2 2016 Mercantile Bank Corp Earnings Release - Before Market Open -
07/19/16 06:04 AMMERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Princi -
07/19/16 05:19 AMMercantile Bank beats by $0.04, beats on revenue -
07/19/16 05:19 AMMercantile Bank declares $0.17 dividend -
07/19/16 05:06 AMMercantile Bank posts 2Q profit -
07/11/16 07:20 AMMercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : July 11, 2016 -
07/01/16 07:41 AMMercantile Bank Corporation Announces Second Quarter 2016 Results Conference Call and Webcast - [at noodls] - GRAND RAPIDS, Mich., July 1, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss second quarter 2016 results on Tuesday, July 19, at 10:00 a.m. Eastern ...
06/28/16 12:15 PMMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2016 By the Numbers : June 28, 2016 -
06/27/16 07:36 AMMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 27, 2016 -
06/16/16 07:17 AMMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 16, 2016 -
05/26/16 03:07 PMMERCANTILE BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders -
05/19/16 03:01 PMETF’s with exposure to Mercantile Bank Corp. : May 19, 2016 -
05/18/16 07:46 AMMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : May 18, 2016 -
05/09/16 02:37 PMETF’s with exposure to Mercantile Bank Corp. : May 9, 2016 -
04/25/16 09:39 AMMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2016 By the Numbers -
04/21/16 04:29 PMETF’s with exposure to Mercantile Bank Corp. : April 21, 2016 -
04/20/16 03:29 PMMercantile Bank Corp.: Leads amongst peers with strong fundamentals -
04/20/16 07:11 AMMercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : April 20, 2016 -
04/19/16 04:24 PMMERCANTILE BANK CORP Files SEC form 8-K/A, Other Events, Financial Statements and Exhibits -
04/19/16 12:49 PMEdited Transcript of MBWM earnings conference call or presentation 19-Apr-16 2:00pm GMT -
04/19/16 06:22 AMMercantile Bank Q1 Profit Rises 28.8%, Tops Expectations - Mercantile Bank Corp. (NASDAQ: MBWM) reported net income of $8.5 million for the first quarter, up 28.8 percent from $6.6 million in the preceding year period. Its earnings also jumped to $0.52 a share from $0.39 a share in the year-ago quarter. Street analysts estimated the company to earn $0.40 a share. Mercantile Bank's total revenue grew 15.5 percent to $33.0 million from $25.9 million in the previous year quarter. This was higher than the Street estimation of $29.05 million. The ...Full story available on Benzinga.com
04/19/16 06:07 AMQ1 2016 Mercantile Bank Corp Earnings Release - Before Market Open -
04/19/16 05:22 AMMercantile Bank beats by $0.12, beats on revenue -
04/19/16 05:15 AMMercantile Bank Corporation Announces Second Quarter Cash Dividend And Expansion of Stock Repurchase Program - [at noodls] - GRAND RAPIDS, Mich., April 19, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ('Mercantile') announced today that on April 14, 2016, its Board of Directors declared a regular quarterly ...
01/27/16 12:06 PM2016 Offers Little Hope For Growth At Mercantile Bank - Without a clear catalyst for higher returns, MBWM shares could continue to pull back . I don't want to repeat all the background I covered last year, but in a nutshell, Mercantile is a Michigan based bank that ... At $21.23, the company is being valued ...
01/26/16 03:32 PMMercantile Repurchases $11.0 million in Trust Preferred Securities - [at noodls] - GRAND RAPIDS, Mich., Jan. 26, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ('Mercantile') announced today that it closed on a repurchase of trust preferred securities that were being ...
01/26/16 03:17 PMMERCANTILE BANK CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits -
01/25/16 12:00 PMMercantile Bank remains open to pursuing another merger - Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp ...
01/21/16 11:21 AMMercantile Bank Corp. Earnings Analysis: Q4, 2015 By the Numbers -
01/19/16 06:31 PMMercantile Bank's (MBWM) CEO Michael Price on Q4 2015 Results - Earnings Call Transcript - Good morning, and welcome to the Mercantile Bank Corporation Fourth Quarter 2015 Earnings Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask ...
01/19/16 11:16 AMMercantile Bank reports higher earnings for 2015 - the first full year of results following the merger with the former Firstbank Corp. The Grand Rapids-based Mercantile Bank (NASDAQ: MBWM) this morning reported net income of $27.0 million, or $1.62 per diluted share, for the year, which compares to $17.3 ...
01/19/16 10:42 AMEdited Transcript of MBWM earnings conference call or presentation 19-Jan-16 3:00pm GMT -
01/19/16 06:15 AMMercantile Bank Corporation Reports Strong Fourth Quarter and Full Year 2015 Results - [at noodls] - GRAND RAPIDS, Mich., Jan. 19, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ('Mercantile') reported net income of $6.5 million, or $0.40 per diluted share, for the fourth quarter of 2015, ...
01/19/16 06:15 AMMercantile Bank Corporation Increases Dividend - [at noodls] - GRAND RAPIDS, Mich., Jan. 19, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ('Mercantile') announced today that on January 14, 2016 its Board of Directors declared a regular quarterly ...
01/19/16 06:07 AMQ4 2015 Mercantile Bank Corp Earnings Release - Before Market Open -
01/19/16 05:38 AMMercantile Bank declares $0.16 dividend -
01/19/16 05:38 AMMercantile Bank beats by $0.01, beats on revenue -
01/19/16 05:23 AMMercantile Bank posts 4Q profit -
01/19/16 05:00 AM6:00 am Mercantile Bank increase dividend to $0.16; previously $0.15 -
01/15/16 03:29 PMMERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers -
10/28/15 07:31 AMMERCANTILE BANK CORP Files SEC form 8-K, Costs Associated with Exit or Disposal Activities, Regulation FD Disclosure, -
10/20/15 02:26 PMEdited Transcript of MBWM earnings conference call or presentation 20-Oct-15 2:00pm GMT -
10/20/15 06:59 AMMERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi -
10/20/15 06:07 AMQ3 2015 Mercantile Bank Corp Earnings Release - 06:00 am ET -

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About Mercantile Bank Corp.

Mercantile Bank Corp. logoMercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The bank, through its approximately 50 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank owns approximately 50 automated teller machines (ATM). Its bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. Mercantile Insurance Center, Inc. (insurance company) is a subsidiary of the Bank, which offers insurance products.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: MBWM
  • CUSIP: 58737610
Key Metrics:
  • Previous Close: $24.73
  • 50 Day Moving Average: $24.32
  • 200 Day Moving Average: $23.29
  • P/E Ratio: 13.76
  • P/E Growth: 1.64
  • Market Cap: $407.43M
  • Beta: 0.98
  • Current Year EPS Consensus Estimate: $1.91 EPS
  • Next Year EPS Consensus Estimate: $1.93 EPS
Additional Links:
Mercantile Bank Corp. (NASDAQ:MBWM) Chart for Sunday, July, 24, 2016