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Mercantile Bank (MBWM) Stock Price, News & Analysis

Mercantile Bank logo
$49.25 -0.46 (-0.93%)
Closing price 04:00 PM Eastern
Extended Trading
$49.20 -0.05 (-0.11%)
As of 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Mercantile Bank Stock (NASDAQ:MBWM)

Key Stats

Today's Range
$49.08
$50.01
50-Day Range
$44.05
$49.92
52-Week Range
$37.76
$52.98
Volume
45,554 shs
Average Volume
58,850 shs
Market Capitalization
$800.31 million
P/E Ratio
9.77
Dividend Yield
3.01%
Price Target
$55.25
Consensus Rating
Moderate Buy

Company Overview

Mercantile Bank Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
76th Percentile Overall Score

MBWM MarketRank™: 

Mercantile Bank scored higher than 76% of companies evaluated by MarketBeat, and ranked 347th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Mercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Mercantile Bank has only been the subject of 3 research reports in the past 90 days.

  • Read more about Mercantile Bank's stock forecast and price target.
  • 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 9.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 220.63.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Mercantile Bank is 9.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 228.82.

  • Price to Book Value per Share Ratio

    Mercantile Bank has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Mercantile Bank's valuation and earnings.
  • Percentage of Shares Shorted

    0.75% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mercantile Bank has recently increased by 4.20%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Mercantile Bank pays a meaningful dividend of 2.98%, 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 29.37%. 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.

  • Read more about Mercantile Bank's dividend.
  • Percentage of Shares Shorted

    0.75% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mercantile Bank has recently increased by 4.20%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Mercantile Bank has a news sentiment score of 1.51. 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 higher news sentiment than the 1.18 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Mercantile Bank this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for MBWM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Mercantile Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,456.00 in company stock and sold $0.00 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.

  • Read more about Mercantile Bank's insider trading history.
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MBWM Stock News Headlines

MBWM - Mercantile Bank Corp Executives | Morningstar
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See More Headlines

MBWM Stock Analysis - Frequently Asked Questions

Mercantile Bank's stock was trading at $44.49 at the beginning of 2025. Since then, MBWM stock has increased by 10.7% and is now trading at $49.25.

Mercantile Bank Corporation (NASDAQ:MBWM) released its earnings results on Tuesday, July, 22nd. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The financial services provider earned $60.90 million during the quarter, compared to the consensus estimate of $60.02 million. Mercantile Bank had a net margin of 22.11% and a trailing twelve-month return on equity of 13.52%.
Read the conference call transcript
.

Mercantile Bank's top institutional investors include American Century Companies Inc. (2.79%), Geode Capital Management LLC (2.50%), North Star Asset Management Inc. (2.19%) and LSV Asset Management (1.96%). 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
.

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.

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

Record date for 6/18 Dividend
6/06/2025
Ex-Dividend for 6/18 Dividend
6/06/2025
Dividend Payable
6/18/2025
Last Earnings
7/22/2025
Today
8/29/2025
Record date for 9/17 Dividend
9/05/2025
Ex-Dividend for 9/17 Dividend
9/05/2025
Dividend Payable
9/17/2025
Next Earnings (Estimated)
10/21/2025
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
Employees
670
Year Founded
1997

Price Target and Rating

High Price Target
$56.00
Low Price Target
$54.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

EPS (Trailing Twelve Months)
$5.04
Trailing P/E Ratio
9.86
Forward P/E Ratio
10.29
P/E Growth
N/A
Net Income
$79.59 million
Net Margins
22.11%
Pretax Margin
26.56%
Return on Equity
13.52%
Return on Assets
1.34%

Debt

Debt-to-Equity Ratio
0.79
Current Ratio
0.98
Quick Ratio
0.98

Sales & Book Value

Annual Sales
$234.68 million
Price / Sales
3.44
Cash Flow
$5.56 per share
Price / Cash Flow
8.93
Book Value
$38.87 per share
Price / Book
1.28

Miscellaneous

Outstanding Shares
16,249,000
Free Float
15,729,000
Market Cap
$807.25 million
Optionable
Optionable
Beta
0.92

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This page (NASDAQ:MBWM) was last updated on 8/29/2025 by MarketBeat.com Staff
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