NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $42.37 +0.06 (+0.14%) As of 12:59 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Mercantile Bank Stock (NASDAQ:MBWM) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Mercantile Bank alerts:Sign Up Key Stats Today's Range$41.35▼$42.8050-Day Range$38.53▼$48.2152-Week Range$35.61▼$52.98Volume16,383 shsAverage Volume67,103 shsMarket Capitalization$687.88 millionP/E Ratio8.56Dividend Yield3.49%Price Target$52.83Consensus RatingModerate Buy Company OverviewMercantile 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. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.Read More… Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks68th Percentile Overall ScoreMBWM MarketRank™: Mercantile Bank scored higher than 68% of companies evaluated by MarketBeat, and ranked 319th out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 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 2 buy ratings, 2 hold ratings, and no sell ratings.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 Growth3.11% Earnings GrowthEarnings for Mercantile Bank are expected to grow by 3.11% in the coming year, from $4.83 to $4.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 8.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 8.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.00.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.31. 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 Shorted0.91% 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, 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 20.52%, indicating that investor sentiment is decreasing significantly. Dividend5.0 / 5Dividend StrengthStrong Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 30.71%. 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 29.72% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.91% 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, 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 20.52%, indicating that investor sentiment is decreasing significantly. News and Social Media2.1 / 5News Sentiment0.79 News SentimentMercantile Bank has a news sentiment score of 0.79. 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 7 news articles for Mercantile Bank this week, compared to 3 articles on an average week. Company Ownership1.7 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $84,795.00 in company stock.Percentage Held by InsidersOnly 3.20% 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. Email Address MBWM Stock News HeadlinesMERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVESMay 1 at 10:50 AM | prnewswire.comKBW Sticks to Its Buy Rating for Mercantile Bank (MBWM)April 25, 2025 | theglobeandmail.comDonald Trump is about to free crypto from its chains …Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election … surpassing $100,000 on Dec. 8 .… Now Juan believes it could hit $150,000 … or higher in 2025.May 1, 2025 | Weiss Ratings (Ad)Piper Sandler Cuts Mercantile Bank (NASDAQ:MBWM) Price Target to $47.50April 25, 2025 | americanbankingnews.comComparing TriCo Bancshares (NASDAQ:TCBK) and Mercantile Bank (NASDAQ:MBWM)April 24, 2025 | americanbankingnews.comMercantile bank targets 3-5% loan growth in uncertain 2025 environmentApril 23, 2025 | msn.comMercantile Bank Corp (MBWM) Q1 2025 Earnings Call Highlights: Navigating Economic Uncertainty ...April 23, 2025 | gurufocus.comPiper Sandler Adjusts Mercantile Bank (MBWM) Price Target to $47.50 | MBWM Stock NewsApril 23, 2025 | gurufocus.comSee More Headlines MBWM Stock Analysis - Frequently Asked Questions How have MBWM shares performed this year? Mercantile Bank's stock was trading at $44.49 at the start of the year. Since then, MBWM stock has decreased by 4.3% and is now trading at $42.5550. View the best growth stocks for 2025 here. How were Mercantile Bank's earnings last quarter? Mercantile Bank Co. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, April, 22nd. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. The financial services provider earned $57.20 million during the quarter, compared to analyst estimates of $57.57 million. Mercantile Bank had a net margin of 21.99% and a trailing twelve-month return on equity of 14.29%. Read the conference call transcript. Who are Mercantile Bank's major shareholders? Mercantile Bank's top institutional investors include Bank of New York Mellon Corp (0.58%), Envestnet Asset Management Inc. (0.35%), SG Americas Securities LLC (0.28%) and Rhumbline Advisers (0.15%). Insiders that own company stock include Robert B Kaminski, Michael H Price, David B Ramaker, 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 3/19 Dividend3/07/2025Ex-Dividend for 3/19 Dividend3/07/2025Dividend Payable3/19/2025Last Earnings4/22/2025Today5/01/2025Record date for 6/18 Dividend6/06/2025Ex-Dividend for 6/18 Dividend6/06/2025Dividend Payable6/18/2025Next Earnings (Estimated)7/15/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees670Year Founded1997Price Target and Rating Average Stock Price Target$52.83 High Stock Price Target$57.00 Low Stock Price Target$47.50 Potential Upside/Downside+24.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.82 Trailing P/E Ratio8.60 Forward P/E Ratio8.81 P/E GrowthN/ANet Income$79.59 million Net Margins21.99% Pretax Margin28.54% Return on Equity14.29% Return on Assets1.41% Debt Debt-to-Equity Ratio0.95 Current Ratio1.02 Quick Ratio1.01 Sales & Book Value Annual Sales$230.50 million Price / Sales3.00 Cash Flow$5.14 per share Price / Cash Flow8.28 Book Value$32.58 per share Price / Book1.31Miscellaneous Outstanding Shares16,235,000Free Float15,649,000Market Cap$690.88 million OptionableOptionable Beta0.86 Social Links 2025 Gold Forecast: A Perfect Storm for DemandUnlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. 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