NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $52.20 -0.39 (-0.74%) Closing price 04:00 PM EasternExtended Trading$52.15 -0.05 (-0.10%) As of 04:10 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 ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock 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$51.99▼$53.1750-Day Range$48.64▼$53.9452-Week Range$42.17▼$55.77Volume95,639 shsAverage Volume108,578 shsMarket Capitalization$901.49 millionP/E Ratio9.37Dividend Yield2.99%Price Target$56.20Consensus RatingModerate Buy Company Overview Mercantile Bank Corporation (NASDAQ: MBWM) is the bank holding company for Mercantile Bank of Michigan, a full-service commercial bank headquartered in Grand Rapids, Michigan. Through its state-chartered subsidiary, the company provides a broad range of financial products and services to small and mid-sized businesses, professionals and consumers across West and Central Michigan. The bank’s core offerings include deposit products such as checking, savings and money market accounts, alongside commercial and consumer loan portfolios. On the commercial side, Mercantile Bank delivers working capital and term financing, equipment leasing and commercial real estate loans, in addition to specialized treasury management and payment services designed to streamline cash flow and collections for business clients. For individual customers, the bank provides residential mortgages, home equity lines of credit and personal lending solutions. Beyond traditional lending and deposit services, Mercantile Bank supports its customers with wealth management, trust and investment advisory services through its in-house team of financial professionals. The company has also invested in online and mobile banking platforms to allow clients secure access to account information, payment tools and remote deposit capture. Mercantile Bank operates a network of branches throughout West and Central Michigan, positioning itself as a community-focused institution. The company’s leadership team comprises experienced banking executives with deep knowledge of the Michigan market and a commitment to local relationship banking.AI Generated. May Contain Errors. Read More Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks65th Percentile Overall ScoreMBWM MarketRank™: Mercantile Bank scored higher than 65% of companies evaluated by MarketBeat, and ranked 508th out of 881 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.1 / 5Analyst RatingModerate Buy Consensus RatingMercantile 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/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 1 research reports in the past 90 days.Read more about Mercantile Bank's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth4.09% Earnings GrowthEarnings 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 MarketThe P/E ratio of Mercantile Bank is 9.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 9.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.95.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.22. 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 Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.84% 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 2.59, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently increased by 6.69%, indicating that investor sentiment is decreasing significantly. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldMercantile Bank pays a meaningful dividend of 3.00%, 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 28.01%. 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 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 and Social Media2.1 / 5News Sentiment0.28 News SentimentMercantile Bank has a news sentiment score of 0.28. 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 lower news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 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 Shareholders Reaffirm Board and Governance DirectionMay 21 at 3:10 PM | tipranks.comMercantile Bank Corporation (MBWM) Shareholder/Analyst Call Prepared Remarks TranscriptMay 21 at 12:01 PM | seekingalpha.comJune 12: The Biggest Buying Spree in History?Former tech executive and angel investor Jeff Brown - who picked Bitcoin, Tesla, and Nvidia before surges of up to 52,400% - says the SpaceX IPO on June 12 could trigger the biggest buying spree in market history. Brown is urging investors to get positioned before the IPO date arrives, when shares could double or more on the first day of trading.May 22 at 1:00 AM | Brownstone Research (Ad)Mercantile Bank Corporation (NASDAQ:MBWM) Given Average Rating of "Moderate Buy" by AnalystsMay 16, 2026 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Shares Pass Above Two Hundred Day Moving Average - Here's WhyMay 14, 2026 | americanbankingnews.comReviewing Civista Bancshares (NASDAQ:CIVB) and Mercantile Bank (NASDAQ:MBWM)May 11, 2026 | americanbankingnews.comWhy The Narrative Around Mercantile Bank (MBWM) Is Shifting After Valuation And Rating UpdatesMay 8, 2026 | finance.yahoo.comMercantile Bank forecasts 5% to 7% annualized quarterly loan growth in 2026 while expecting net interest margin to rise in the back halfApril 23, 2026 | seekingalpha.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 stock has increased by 8.5% and is now trading at $52.20. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corporation (NASDAQ:MBWM) released its quarterly earnings data on Tuesday, April, 21st. The financial services provider reported $1.46 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 analysts' expectations of $67.41 million. Mercantile Bank had a net margin of 24.19% and a trailing twelve-month return on equity of 13.73%. Read the conference call transcript. Who are Mercantile Bank's major shareholders? 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. 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 Record date for 3/18 Dividend3/06/2026Ex-Dividend for 3/18 Dividend3/06/2026Dividend Payable3/18/2026Last Earnings4/21/2026Today5/22/2026Record date for 6/17 Dividend6/05/2026Ex-Dividend for 6/17 Dividend6/05/2026Dividend Payable6/17/2026Next Earnings (Estimated)7/21/2026Fiscal 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 (12m+) 1-Year History May 25 Aug 25 Nov 25 Feb 26 May 26 MBWM's financial health is in the Green zone, according to TradeSmith. MBWM has been in this zone for over 12 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry BANKS - MIDWEST Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees670Year Founded1997Price Target and Rating Average Price Target for Mercantile Bank$56.20 High Price Target$57.00 Low Price Target$54.00 Potential Upside/Downside+7.7%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Trailing Twelve Months)$5.57 Trailing P/E Ratio9.37 Forward P/E Ratio9.27 P/E GrowthN/ANet Income$88.75 million Net Margins24.19% Pretax Margin28.10% Return on Equity13.73% Return on Assets1.44% Debt Debt-to-Equity Ratio0.62 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$371.80 million Price / Sales2.42 Cash Flow$5.46 per share Price / Cash Flow9.56 Book Value$42.66 per share Price / Book1.22Miscellaneous Outstanding Shares17,270,000Free Float16,843,000Market Cap$901.49 million OptionableOptionable Beta0.81 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for June 2026. 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