Mercantile Bank Stock Price, News & Analysis (NASDAQ:MBWM)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MBWM shares.
View MBWM analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year target prices for Mercantile Bank's stock. Their MBWM share price targets range from $40.00 to $40.00. On average, they predict the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for MBWM or view top-rated stocks among Wall Street analysts.

Mercantile Bank's stock was trading at $33.48 on January 1st, 2023. Since then, MBWM shares have increased by 8.2% and is now trading at $36.24.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 16th 2024.
View our MBWM earnings forecast.

Mercantile Bank Co. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, October, 17th. The financial services provider reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.13. The financial services provider had revenue of $58.21 million for the quarter, compared to analysts' expectations of $53.73 million. Mercantile Bank had a net margin of 29.22% and a trailing twelve-month return on equity of 17.96%.

Mercantile Bank declared a quarterly dividend on Thursday, October 12th. Shareholders of record on Friday, December 1st will be given a dividend of $0.34 per share on Wednesday, December 13th. This represents a $1.36 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for MBWM.

Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.75%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 25.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 31.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBWM.

1 employees have rated Mercantile Bank Chief Executive Officer Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among the company's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC).

Mercantile Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include North Star Asset Management Inc. (2.25%), Tributary Capital Management LLC (1.99%), Charles Schwab Investment Management Inc. (1.22%), Northern Trust Corp (1.18%), American Century Companies Inc. (1.03%) and Bank of New York Mellon Corp (0.78%). Insiders that own company stock include David B Ramaker, Lonna Wiersma, Michael H Price and Robert T Worthington.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.