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Mercantile Bank (MBWM) Stock Price, News & Analysis

Mercantile Bank logo
$57.09 +0.82 (+1.46%)
Closing price 06/26/2026 04:00 PM Eastern
Extended Trading
$57.05 -0.04 (-0.07%)
As of 06/26/2026 04:31 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.

About Mercantile Bank Stock (NASDAQ:MBWM)

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Key Stats

Today's Range
$56.24
$57.41
50-Day Range
$49.87
$57.09
52-Week Range
$42.75
$57.41
Volume
530,945 shs
Average Volume
137,316 shs
Market Capitalization
$985.94 million
P/E Ratio
10.25
Dividend Yield
2.73%
Price Target
$56.80
Consensus Rating
Moderate Buy

Company Overview

Mercantile Bank Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
71st Percentile Overall Score

MBWM MarketRank™: 

Mercantile Bank scored higher than 71% of companies evaluated by MarketBeat, and ranked 414th out of 876 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 2.57, and is based on no strong buy ratings, 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Upside/Downside

    The consensus price target for Mercantile Bank is close to its current price, suggesting limited near-term upside or downside.

  • Amount of Analyst Coverage

    Mercantile Bank has only been the subject of 2 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 4.09% in the coming year, from $5.63 to $5.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Mercantile Bank is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Mercantile Bank is 10.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.48.

  • Price to Book Value per Share Ratio

    Mercantile Bank has a P/B Ratio of 1.35. 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

    2.13% 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 2.56, 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 18.56%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Mercantile Bank pays a meaningful dividend of 2.77%, 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 28.01%. 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 26.62% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.

  • Read more about Mercantile Bank's dividend.
  • News Sentiment

    Mercantile Bank has a news sentiment score of 1.87. 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 0.74 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Mercantile Bank this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Mercantile Bank insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    2.50% 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

CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to trigger the next crash. The research firm Bernstein Research said this AI company has the power to crash the global economy for a decade, the CEO just issued a CODE RED in an internal memo warning employees they're dealing with a critical situation, and another company executive even implied they might need a government bailout. The last time I saw something like this was in 2008 when I predicted a stock market meltdown just three weeks before Lehman went under.tc pixel
See More Headlines

MBWM Stock Analysis - Frequently Asked Questions

Mercantile Bank's stock was trading at $48.10 at the start of the year. Since then, MBWM stock has increased by 18.7% and is now trading at $57.09.

Mercantile Bank Corporation (NASDAQ:MBWM) issued its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.13. The financial services provider had revenue of $67.59 million for the quarter, compared to analyst estimates of $67.41 million. Mercantile Bank had a trailing twelve-month return on equity of 13.73% and a net margin of 24.19%.
Read the conference call transcript
.

Top institutional shareholders of Mercantile Bank include Dimensional Fund Advisors LP (5.98%), Renaissance Technologies LLC (2.73%), Empowered Funds LLC (0.46%) and jvl associates llc (0.38%). Insiders that own company stock include Robert B Kaminski, Michael H Price, 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

Last Earnings
4/21/2026
Record date for 6/17 Dividend
6/05/2026
Ex-Dividend for 6/17 Dividend
6/05/2026
Dividend Payable
6/17/2026
Today
6/27/2026
Next Earnings (Estimated)
7/21/2026
Fiscal Year End
12/31/2026

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
$60.00
Low Price Target
$54.00
Potential Upside/Downside
-0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

EPS (Trailing Twelve Months)
$5.57
Trailing P/E Ratio
10.25
Forward P/E Ratio
10.14
P/E Growth
N/A
Net Income
$88.75 million
Net Margins
24.19%
Pretax Margin
28.10%
Return on Equity
13.73%
Return on Assets
1.44%

Debt

Debt-to-Equity Ratio
0.62
Current Ratio
0.93
Quick Ratio
0.93

Sales & Book Value

Annual Sales
$371.80 million
Price / Sales
2.65
Cash Flow
$5.58 per share
Price / Cash Flow
10.23
Book Value
$42.19 per share
Price / Book
1.35

Miscellaneous

Outstanding Shares
17,270,000
Free Float
16,842,000
Market Cap
$985.94 million
Optionable
Optionable
Beta
0.81

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This page (NASDAQ:MBWM) was last updated on 6/27/2026 by MarketBeat.com Staff.
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