Mercantile Bank (MBWM) Projected to Post Quarterly Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $1.23 per share and revenue of $60.02 million for the quarter.

Mercantile Bank (NASDAQ:MBWM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.02. Mercantile Bank had a return on equity of 13.33% and a net margin of 21.35%. The firm had revenue of $57.20 million during the quarter, compared to analyst estimates of $57.57 million. On average, analysts expect Mercantile Bank to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mercantile Bank Stock Performance

MBWM stock traded up $0.09 during midday trading on Wednesday, reaching $49.52. The company had a trading volume of 18,759 shares, compared to its average volume of 66,972. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average price of $45.01 and a 200 day moving average price of $44.91. Mercantile Bank has a fifty-two week low of $37.76 and a fifty-two week high of $52.98. The firm has a market capitalization of $804.16 million, a PE ratio of 10.31 and a beta of 0.89.

Mercantile Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, June 6th were given a dividend of $0.37 per share. The ex-dividend date was Friday, June 6th. This represents a $1.48 annualized dividend and a dividend yield of 2.99%. Mercantile Bank's dividend payout ratio is presently 30.71%.

Institutional Investors Weigh In On Mercantile Bank

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Mercantile Bank by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,360 shares of the financial services provider's stock valued at $407,000 after acquiring an additional 382 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Mercantile Bank by 21.0% during the 1st quarter. Jane Street Group LLC now owns 15,952 shares of the financial services provider's stock valued at $693,000 after acquiring an additional 2,772 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Mercantile Bank by 4.1% during the 1st quarter. Empowered Funds LLC now owns 57,731 shares of the financial services provider's stock valued at $2,508,000 after acquiring an additional 2,255 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Mercantile Bank by 5.6% during the 1st quarter. Royal Bank of Canada now owns 68,824 shares of the financial services provider's stock valued at $2,989,000 after acquiring an additional 3,621 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Mercantile Bank by 21.2% during the 1st quarter. AQR Capital Management LLC now owns 92,045 shares of the financial services provider's stock valued at $3,998,000 after acquiring an additional 16,092 shares during the last quarter. 58.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on Mercantile Bank from $50.00 to $47.50 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd.

About Mercantile Bank

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.