NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $59.09 -0.41 (-0.69%) Closing price 04:00 PM EasternExtended Trading$59.10 +0.00 (+0.01%) As of 07:30 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$58.50▼$59.8250-Day Range$58.32▼$62.1452-Week Range$42.75▼$62.95Volume91,051 shsAverage Volume109,782 shsMarket Capitalization$1.02 billionP/E Ratio10.40Dividend Yield2.71%Price Target$62.00Consensus RatingModerate Buy Company Overview Mercantile Bank Corporation is a bank holding company headquartered in Grand Rapids, Michigan. Through its subsidiary, Mercantile Bank, the company provides commercial and retail banking services to businesses, professionals and individuals. The bank primarily serves communities across Michigan, with a focus on relationship-based banking and locally oriented financial services. Mercantile Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer loans. The bank also provides treasury management, cash management, online and mobile banking, electronic payment services, and other financial solutions designed to support business and personal banking customers. Mercantile Bank Corporation was established in 1997 and began banking operations through Mercantile Bank in 1998.AI Generated. May Contain Errors. Read More Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks71st Percentile Overall ScoreMBWM MarketRank™: Mercantile Bank scored higher than 71% of companies evaluated by MarketBeat, and ranked 427th out of 839 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.6 / 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Mercantile Bank's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth2.11% Earnings GrowthEarnings for Mercantile Bank are expected to grow by 2.11% in the coming year, from $5.69 to $5.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 10.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 10.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.43.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.40. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted3.53% 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 5.22.Change versus previous monthShort interest in Mercantile Bank has recently increased by 14.66%, indicating that investor sentiment is decreasing significantly. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldMercantile Bank pays a meaningful dividend of 2.69%, 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 28.17%. 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 27.54% 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 Media2.5 / 5News Sentiment0.98 News SentimentMercantile Bank has a news sentiment score of 0.98. 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 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 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 Announces Third Quarter 2026 Results Conference Call and WebcastSeptember 30, 2026 | prnewswire.comMercantile Bank (NASDAQ:MBWM) Stock Price Breaks Above Two Hundred Day Moving Average - Here's WhySeptember 26, 2026 | americanbankingnews.comIran War Shock: What I Was Told In That Private MeetingYou’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially the reasons why we’re bombing the country.October 5 at 1:00 AM | Banyan Hill Publishing (Ad)Mercantile Bank Launches Merger Integration Bonus PlanSeptember 25, 2026 | tipranks.comDer aktuelle Kurs der Mercantile Bank Corporation Aktie beträgt 60,32.August 27, 2026 | de.investing.comTamilnad Mercantile Bank to Open New Branch in Thiruvottiyur, Tamil NaduAugust 26, 2026 | tipranks.comMercantile Bank Corp.August 25, 2026 | money.usnews.comEarnings Beat And Higher Dividend Could Be A Game Changer For Mercantile Bank (MBWM)July 31, 2026 | finance.yahoo.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 at the start of the year. Since then, MBWM stock has increased by 22.8% and is now trading at $59.09. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corporation (NASDAQ:MBWM) released its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. The financial services provider earned $68.76 million during the quarter, compared to analyst estimates of $68.81 million. Mercantile Bank had a net margin of 24.75% and a trailing twelve-month return on equity of 13.66%. Read the conference call transcript. 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 Earnings7/21/2026Record date for 9/16 Dividend9/04/2026Ex-Dividend for 9/16 Dividend9/04/2026Dividend Payable9/16/2026Today10/05/2026Next Earnings (Estimated)10/20/2026Fiscal 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 (17m+) 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 17 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$62.00 High Price Target$65.00 Low Price Target$54.00 Potential Upside/Downside+4.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Trailing Twelve Months)$5.68 Trailing P/E Ratio10.40 Forward P/E Ratio10.38 P/E GrowthN/ANet Income$88.75 million Net Margins24.75% Pretax Margin29.10% Return on Equity13.66% Return on Assets1.46% Debt Debt-to-Equity Ratio0.59 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$371.80 million Price / Sales2.75 Cash Flow$5.47 per share Price / Cash Flow10.81 Book Value$42.19 per share Price / Book1.40Miscellaneous Outstanding Shares17,290,000Free Float16,855,000Market Cap$1.02 billion OptionableOptionable Beta0.83 Social Links The Best Nuclear Energy Stocks to BuyNuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.Get This Free Report This page (NASDAQ:MBWM) was last updated on 10/5/2026 by MarketBeat.com Staff. From Our PartnersThe $15 Gold Fund That Pays Up to $1,152/MonthGold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying...Investors Alley | SponsoredALERT: Drop these 5 stocks before the market opens tomorrow!The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc...Weiss Ratings | SponsoredTrump's New DollarPorter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. doll...Porter & Company | SponsoredSmall Colorado Company (Backed by Sam Altman) Could Save U.S. Power GridA small Colorado company has secured rights to technology that could prevent the U.S. public power grid from c...Altimetry | SponsoredReady to give options a try? Your first trade (Ticker included) -INSIDETired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...Base Camp Trading | SponsoredThe end may be near for these iconic stocksMarc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are ...Chaikin Analytics | SponsoredLouis Navellier: My #1 AI stock for 2026 (name & ticker inside)Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...InvestorPlace | SponsoredHere’s the stock symbol I’ve promisedWhitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...Stansberry Research | 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.
