NASDAQ:MBWM - Mercantile Bank Stock Price, News, & Analysis

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$28.19 -0.07 (-0.25 %)
(As of 12/18/2018 02:07 PM ET)
Previous Close$28.26
Today's Range$28.19 - $28.57
52-Week Range$27.84 - $38.47
Volume1,764 shs
Average Volume37,419 shs
Market Capitalization$468.79 million
P/E Ratio14.97
Dividend Yield3.54%
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for 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 offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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, as well as operates and 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:MBWM
Previous Symbol


Debt-to-Equity Ratio0.75
Current Ratio1.05
Quick Ratio1.05


Trailing P/E Ratio14.97
Forward P/E Ratio11.55
P/E Growth1.45

Sales & Book Value

Annual Sales$144.54 million
Price / Sales3.24
Cash Flow$2.4925 per share
Price / Cash Flow11.31
Book Value$22.05 per share
Price / Book1.28


EPS (Most Recent Fiscal Year)$1.89
Net Income$31.27 million
Net Margins24.66%
Return on Equity10.33%
Return on Assets1.17%


Outstanding Shares16,590,000
Market Cap$468.79 million

Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

What is Mercantile Bank's stock symbol?

Mercantile Bank trades on the NASDAQ under the ticker symbol "MBWM."

How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?

Mercantile Bank announced a quarterly dividend on Wednesday, October 17th. Investors of record on Friday, December 7th will be given a dividend of $0.25 per share on Wednesday, December 19th. This represents a $1.00 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, December 6th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.24. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, October, 16th. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by $0.00. The financial services provider earned $34.55 million during the quarter, compared to analysts' expectations of $34.60 million. Mercantile Bank had a net margin of 24.66% and a return on equity of 10.33%. View Mercantile Bank's Earnings History.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 15th 2019. View Earnings Estimates for Mercantile Bank.

What price target have analysts set for MBWM?

2 analysts have issued 1 year price targets for Mercantile Bank's stock. Their forecasts range from $37.00 to $41.00. On average, they expect Mercantile Bank's stock price to reach $38.3333 in the next year. This suggests a possible upside of 34.5% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation for Mercantile Bank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantile Bank.

Has Mercantile Bank been receiving favorable news coverage?

News coverage about MBWM stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercantile Bank earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the company's share price in the next few days.

Who are some of Mercantile Bank's key competitors?

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the folowing people:
  • Mr. Robert B. Kaminski Jr., Pres, CEO & Director (Age 56)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 52)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 43)
  • Mr. Raymond E. Reitsma, Sr. VP (Age 55)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Banc Funds Co. LLC (7.50%), BlackRock Inc. (6.85%), Dimensional Fund Advisors LP (6.52%), Renaissance Technologies LLC (4.76%), Vanguard Group Inc. (4.33%) and Vanguard Group Inc (4.33%). Company insiders that own Mercantile Bank stock include Edward J Clark, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.

Which institutional investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Banc Funds Co. LLC, Panagora Asset Management Inc., TIAA CREF Investment Management LLC, LSV Asset Management, North Star Asset Management Inc., Russell Investments Group Ltd. and Federated Investors Inc. PA. Company insiders that have sold Mercantile Bank company stock in the last year include Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., BlackRock Inc., Morgan Stanley, Dimensional Fund Advisors LP, Tributary Capital Management LLC, Renaissance Technologies LLC, Baird Financial Group Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Mercantile Bank.

How do I buy shares of Mercantile Bank?

Shares of MBWM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $28.50.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $468.79 million and generates $144.54 million in revenue each year. The financial services provider earns $31.27 million in net income (profit) each year or $1.89 on an earnings per share basis. Mercantile Bank employs 584 workers across the globe.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is

How can I contact Mercantile Bank?

Mercantile Bank's mailing address is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. The financial services provider can be reached via phone at 616-406-3000 or via email at [email protected]

MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  169 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  397
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank and other stocks. Vote "Outperform" if you believe MBWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/18/2018 by Staff

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