Mercantile Bank (MBWM) Stock Price, News & Analysis

Company Overview

Mercantile Bank (NASDAQ: MBWM) is a regional bank holding company headquartered in Moberly, Missouri, providing a full suite of financial services to individuals, small businesses and corporate clients across central and northeastern Missouri. Through its subsidiary Mercantile Bank, the company operates a network of branch offices in key markets including Columbia, Jefferson City, Kirksville and surrounding communities. The bank has built a reputation for personalized service and community engagement, supporting the economic growth of towns and cities in its footprint.

The company’s core business activities encompass commercial and consumer lending, deposit services, trust and wealth management, mortgage origination and treasury management solutions. Mercantile Bank’s commercial lending division serves local enterprises with working capital lines of credit, equipment financing, real estate loans and specialized agricultural lending. Consumer banking offerings include checking and savings accounts, personal installment loans, home equity lines of credit and residential mortgage products. Wealth management and trust services are provided through Mercantile’s dedicated trust officers, offering estate planning, investment advisory and fiduciary services to high-net-worth clients.

Founded in the late 19th century, Mercantile Bank traces its origins to a community charter established to serve the agricultural and commercial needs of central Missouri. Over time, the bank has grown organically and through strategic acquisitions of nearby community banks, expanding its branch network while preserving a commitment to localized decision-making. The institution’s historic roots have informed its focus on long-term relationships, prudent lending practices and active participation in civic and charitable initiatives across its markets.

Governed by an experienced board of directors and led by a seasoned executive management team with deep ties to the region, Mercantile Bank emphasizes responsiveness, financial stability and customer-centric innovation. The bank continues to invest in digital banking platforms and operational enhancements designed to deliver seamless service to clients while maintaining the community engagement and personalized approach that have defined its brand for more than a century.

Key Stats

• Today's Range: $48.44 to $49.67
• 50-Day Range: $43.10 to $49.92
• 52-Week Range: $37.76 to $52.98
• Volume: 96,729 shs
• Average Volume: 67,723 shs
• Market Capitalization: $786.67 million
• P/E Ratio: 10.05
• Dividend Yield: 3.06%
• Price Target: $52.83
• Consensus Rating: Moderate Buy

Mercantile Bank Stock Analysis - MarketRank™

Mercantile Bank scored higher than 65% of companies evaluated by MarketBeat, and ranked 482nd out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Mercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Mercantile Bank has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.11%

Earnings Growth

Earnings for Mercantile Bank are expected to grow by 3.11% in the coming year, from $4.83 to $4.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mercantile Bank is 10.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mercantile Bank is 10.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.20.

Price to Book Value per Share Ratio

Mercantile Bank has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.82% of the float of Mercantile Bank has been sold short.

Short Interest Ratio / Days to Cover

Mercantile Bank has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mercantile Bank has recently decreased by 12.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Mercantile Bank pays a meaningful dividend of 3.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Mercantile Bank has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Mercantile Bank is 30.71%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 29.72% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.82% of the float of Mercantile Bank has been sold short.

Short Interest Ratio / Days to Cover

Mercantile Bank has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mercantile Bank has recently decreased by 12.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.67

News Sentiment

Mercantile Bank has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.94 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Mercantile Bank this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Mercantile Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,712.00 in company stock.

Percentage Held by Insiders

Only 3.20% of the stock of Mercantile Bank is held by insiders.

Percentage Held by Institutions

58.63% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MBWM Stock Analysis - Frequently Asked Questions

How have MBWM shares performed this year?

Mercantile Bank's stock was trading at $44.49 on January 1st, 2025. Since then, MBWM shares have increased by 8.9% and is now trading at $48.44.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corporation (NASDAQ:MBWM) released its quarterly earnings data on Tuesday, April, 22nd. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.19 by $0.02. The financial services provider had revenue of $57.20 million for the quarter, compared to analysts' expectations of $57.57 million. Mercantile Bank had a trailing twelve-month return on equity of 13.33% and a net margin of 21.35%.
Read the conference call transcript.

Who are Mercantile Bank's major shareholders?

Top institutional investors of Mercantile Bank include Wealth Enhancement Advisory Services LLC (0.03%), Oliver Lagore Vanvalin Investment Group (0.01%) and Farther Finance Advisors LLC (0.01%). Insiders that own company stock include Robert B Kaminski, Michael H Price, David B Ramaker, Shoran R Williams and Nelson F Sanchez.
View institutional ownership trends.

How do I buy shares of Mercantile Bank?

Shares of MBWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Mercantile Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mercantile Bank investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 4/22/2025
• Record date for 6/18 Dividend: 6/06/2025
• Ex-Dividend for 6/18 Dividend: 6/06/2025
• Dividend Payable: 6/18/2025
• Today: 7/12/2025
• Next Earnings (Estimated): 7/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - MIDWEST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:MBWM
• CIK: 1042729
• Web: www.mercbank.com
• Phone: (616) 406-3000
• Fax: 616-406-3737
• Employees: 670
• Year Founded: 1997

Price Target and Rating

• Average Price Target for Mercantile Bank: $52.83
• High Price Target: $57.00
• Low Price Target: $47.50
• Potential Upside/Downside: +9.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.82
• Trailing P/E Ratio: 10.05
• Forward P/E Ratio: 10.03
• P/E Growth: N/A
• Net Income: $79.59 million
• Net Margins: 21.35%
• Pretax Margin: 26.24%
• Return on Equity: 13.33%
• Return on Assets: 1.31%

Debt

• Debt-to-Equity Ratio: 0.83
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $361.89 million
• Price / Sales: 2.17
• Cash Flow: $5.41 per share
• Price / Cash Flow: 8.95
• Book Value: $36.20 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 16,240,000
• Free Float: 15,715,000
• Market Cap: $786.67 million
• Optionable: Optionable
• Beta: 0.89