NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $61.09 +0.67 (+1.11%) Closing price 10/23/2026 04:00 PM EasternExtended Trading$60.94 -0.16 (-0.25%) As of 10/23/2026 07:55 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 Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Mercantile Bank Stock (NASDAQ:MBWM) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get Mercantile Bank alerts:Sign Up Key Stats Today's Range$59.56▼$61.4950-Day Range$57.69▼$62.1452-Week Range$42.88▼$62.95Volume174,640 shsAverage Volume122,139 shsMarket Capitalization$1.06 billionP/E Ratio10.89Dividend Yield2.62%Price Target$62.20Consensus RatingModerate Buy Company Overview Mercantile Bank Corporation is a bank holding company that operates through its subsidiary, Mercantile Bank. Headquartered in Grand Rapids, Michigan, the bank serves businesses, individuals and organizations primarily across Michigan. Mercantile Bank offers commercial and retail banking products, including business loans, commercial real estate and construction financing, lines of credit, residential mortgage lending, consumer loans, deposit accounts and cash-management services. Its treasury-management offerings are designed to support businesses with payment processing, liquidity management and related banking needs. Founded in 1997, Mercantile Bank has developed a community-banking model focused on relationship-based service and local decision-making. The company’s operations are concentrated in Michigan markets, where it provides banking services through a network of banking offices and other delivery channels. Mercantile Bank Corporation is led by President and Chief Executive Officer Robert B. Kaminski Jr.AI Generated. May Contain Errors. Read More Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks57th Percentile Overall ScoreMBWM MarketRank™: 2.83903420523 of 5 starsMercantile Bank scored higher than 57% of companies evaluated by MarketBeat, and ranked 543rd out of 850 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.0 / 5Analyst RatingModerate Buy Consensus RatingMercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no strong buy ratings, 3 buy ratings, 3 hold ratings, and no sell ratings.Upside/DownsideThe consensus price target for Mercantile Bank is close to its current price, suggesting limited near-term upside or downside.Amount of Analyst CoverageMercantile 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 and Valuation1.9 / 5Proj. Earnings Growth2.43% Earnings GrowthEarnings for Mercantile Bank are expected to grow by 2.43% in the coming year, from $5.75 to $5.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 10.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 10.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.19.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted3.72% of the float of Mercantile Bank has been sold short.Short Interest Ratio / Days to CoverMercantile Bank has a short interest ratio ("days to cover") of 5.53.Change versus previous monthShort interest in Mercantile Bank has recently increased by 5.18%, indicating that investor sentiment is decreasing significantly. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldMercantile Bank pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMercantile Bank has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 28.52%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mercantile Bank will have a dividend payout ratio of 27.16% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. News and Social Media2.2 / 5News Sentiment0.56 News SentimentMercantile Bank has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Mercantile Bank this week, compared to 2 articles on an average week. Company Ownership0.8 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have not sold or bought any company stock.Percentage Held by Insiders2.50% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions58.63% 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. Receive MBWM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercantile Bank and its competitors with MarketBeat's FREE daily newsletter. Submit View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy. MBWM Stock News HeadlinesMercantile Bank Corporation 2026 Q3 - Results - Earnings Call PresentationOctober 23 at 7:04 PM | seekingalpha.comMercantile Bank (NASDAQ:MBWM) Stock Gets Price Target Bump from Keefe, Bruyette & WoodsOctober 23 at 2:07 AM | americanbankingnews.comEarth's biggest energy source: near Grand CanyonThe largest energy source on Earth contains 50,000 times every oil and gas reserve on the planet combined - and much of it sits beneath the desert near the Grand Canyon. A drilling crew just hit the DOE's 2035 targets twelve years early, with costs down 50% in 18 months. Google signed on, Gates invested, and the Pentagon made it a priority. One company has been quietly building this infrastructure for sixty years.October 25 at 1:00 AM | Behind the Markets (Ad)Mercantile Bank (MBWM) Q3 Earnings Spotlight Margin Gains And Cost PressureOctober 22 at 8:16 PM | finance.yahoo.comMercantile Bank (MBWM) Q3 2026 Earnings Call TranscriptOctober 21, 2026 | finance.yahoo.comMercantile Bank beats Q3 2026 estimates on margin expansionOctober 20, 2026 | 247wallst.comMercantile Bank forecasts 5%-7% annualized 4Q loan growth as it projects $0.6M quarterly cost reduction starting April 1, 2027October 20, 2026 | seekingalpha.comMercantile Bank Earnings Call Highlights Margin-Driven UpsideOctober 20, 2026 | tipranks.comSee More Headlines MBWM Stock Analysis - Frequently Asked Questions How have MBWM shares performed this year? Mercantile Bank's stock was trading at $48.10 on January 1st, 2026. Since then, MBWM shares have increased by 27.0% and is now trading at $61.09. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corporation (NASDAQ:MBWM) issued its earnings results on Tuesday, October, 20th. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.07. The financial services provider earned $73.20 million during the quarter, compared to analyst estimates of $70.84 million. Mercantile Bank had a net margin of 24.42% and a trailing twelve-month return on equity of 13.39%. Read the conference call transcript. Who are Mercantile Bank's major shareholders? Mercantile Bank's top institutional investors include Counterpoint Mutual Funds LLC (0.07%), Inspire Investing LLC (0.06%), Norris Perne & French LLP MI (0.03%) and Nisa Investment Advisors LLC (0.01%). Insiders that own company stock include Robert B Kaminski, Michael H Price, 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 News (NWSA), Alibaba Group (BABA), Cummins (CMI), Salesforce (CRM), Donnelley Financial Solutions (DFIN), Knight-Swift Transportation (KNX) and Merck & Co., Inc. (MRK). Company Calendar Record date for 9/16 Dividend9/04/2026Ex-Dividend for 9/16 Dividend9/04/2026Dividend Payable9/16/2026Last Earnings10/20/2026Today10/25/2026Record date for 12/16 Dividend12/04/2026Ex-Dividend for 12/16 Dividend12/04/2026Dividend Payable12/16/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Green Zone (18m+) 1-Year History Oct 25 Jan 26 Apr 26 Jul 26 Oct 26 MBWM's financial health is in the Green zone, according to TradeSmith. MBWM has been in this zone for over 18 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Banks Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees786Year Founded1997Price Target and Rating Average Price Target for Mercantile Bank$62.20 High Price Target$65.00 Low Price Target$54.00 Potential Upside/Downside+1.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Trailing Twelve Months)$5.61 Trailing P/E Ratio10.89 Forward P/E Ratio10.62 P/E GrowthN/ANet Income$88.75 million Net Margins24.42% Pretax Margin29.10% Return on Equity13.39% Return on Assets1.44% Debt Debt-to-Equity Ratio0.59 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$371.80 million Price / Sales2.84 Cash Flow$5.50 per share Price / Cash Flow11.10 Book Value$42.19 per share Price / Book1.45Miscellaneous Outstanding Shares17,290,000Free Float16,855,000Market Cap$1.06 billion OptionableOptionable Beta0.83 Social Links The 7 Hottest IPO Stories of 2026MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.Get This Free Report This page (NASDAQ:MBWM) was last updated on 10/23/2026 by MarketBeat.com Staff. From Our PartnersThe investigation Porter spent tens of thousands to documentPorter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experi...Porter & Company | Sponsored$0. Later: $29.97.Bill Poulos is giving away his Simple Options Trading For Beginners book through a temporary link. Once that l...Profits Run | SponsoredThe $100 Stock Behind Elon's Next MoveA small, publicly traded supplier trading under $100 a share has reportedly worked alongside Elon Musk for mor...Paradigm Press | SponsoredEarth's biggest energy source: near Grand CanyonThe largest energy source on Earth contains 50,000 times every oil and gas reserve on the planet combined - an...Behind the Markets | SponsoredHe turned $12K into $1.65M without touching Apple or TeslaTim Sykes turned $12,415 in gift money into more than $1.65 million before graduating college, without trading...Tim Sykes | SponsoredBank of America: 'Digital Dollar Inevitable'Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the...Decentralized Masters | SponsoredHere’s Why Trump Won’t End The Iran WarTrump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up. O...Banyan Hill Publishing | SponsoredFinancial legend: “This is bad, really bad...”Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each war...Weiss Ratings | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added ten stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mercantile Bank Corporation Please log in to your account or sign up in order to add this asset to your watchlist. Share Mercantile Bank With A Colleague Link copied to clipboard. Unlock superior investment research and tools. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools and reports. Get MarketBeat All Access MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In Email Me a Login Link or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
