NASDAQ:MBWM Mercantile Bank (MBWM) Stock Forecast, Price & News $30.57 -0.34 (-1.10%) (As of 10:19 AM ET) Add Compare Share Share Today's Range$30.38▼$30.9150-Day Range$30.91▼$36.5652-Week Range$23.89▼$37.00Volume2,243 shsAverage Volume39,938 shsMarket Capitalization$489.73 millionP/E Ratio6.16Dividend Yield4.45%Price Target$39.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Mercantile Bank MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside26.3% Upside$39.00 Price TargetShort InterestHealthy0.77% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.20Based on 3 Articles This WeekInsider TradingSelling Shares$137,160 Sold Last QuarterProj. Earnings Growth-18.93%From $4.86 to $3.94 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.89 out of 5 starsFinance Sector130th out of 879 stocksState Commercial Banks Industry32nd out of 183 stocks 3.3 Analyst's Opinion Consensus RatingMercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $39.00, Mercantile Bank has a forecasted upside of 26.3% from its current price of $30.87.Amount of Analyst CoverageMercantile Bank has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.77% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently decreased by 19.06%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 27.42%. 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 34.52% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MBWM. Previous Next 2.9 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 1.20. 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 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Mercantile Bank this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership 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 $137,160.00 in company stock.Percentage Held by InsidersOnly 3.64% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions56.55% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -18.93% in the coming year, from $4.86 to $3.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 6.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 6.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.08.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mercantile Bank (NASDAQ:MBWM) StockMercantile 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 MBWM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MBWM Stock News HeadlinesSeptember 27, 2023 | finance.yahoo.comMercantile Bank Corporation Announces Third Quarter 2023 Results Conference Call and WebcastSeptember 25, 2023 | finance.yahoo.comWith 57% ownership, Mercantile Bank Corporation (NASDAQ:MBWM) boasts of strong institutional backingOctober 2, 2023 | Wall Street Fundamentals (Ad)How is This "Hidden Gem" Thriving in a Turbulent Market?While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.August 26, 2023 | finance.yahoo.comHere's What We Like About Mercantile Bank's (NASDAQ:MBWM) Upcoming DividendAugust 14, 2023 | msn.comBest Income Stocks to Buy for August 14August 11, 2023 | finance.yahoo.comOne Mercantile Bank Insider Raised Stake By 104% In Previous YearAugust 2, 2023 | msn.comMercantile Bank (MBWM) Price Target Increased by 5.52% to 39.02July 21, 2023 | finance.yahoo.comBest Momentum Stocks to Buy for July 21thOctober 2, 2023 | PressReach (Ad)Nuclear Revival Creates Opportunities for UraniumUranium companies set to benefit from increased demand for clean energy.July 21, 2023 | finance.yahoo.comWhy Mercantile Bank Stock Rose 16.4% This WeekJuly 21, 2023 | finance.yahoo.comMercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.34July 19, 2023 | finance.yahoo.comQ2 2023 Mercantile Bank Corp Earnings CallJuly 19, 2023 | seekingalpha.comMercantile Bank's Strong Q2 Earnings Offer A Buying OpportunityJuly 18, 2023 | finance.yahoo.comMercantile Bank (MBWM) Q2 Earnings: How Key Metrics Compare to Wall Street EstimatesJuly 18, 2023 | seekingalpha.comMercantile Bank Corporation 2023 Q2 - Results - Earnings Call PresentationJuly 18, 2023 | seekingalpha.comMercantile Bank raises dividend by 3% to $0.34July 18, 2023 | markets.businessinsider.comMercantile Bank Q2 Profit Advances, Beats estimatesJuly 18, 2023 | finance.yahoo.comMercantile Bank Corporation Announces Strong Second Quarter 2023 ResultsJuly 11, 2023 | finance.yahoo.comAre Investors Undervaluing Mercantile Bank (MBWM) Right Now?June 30, 2023 | msn.com5 Reasons to Add Mercantile Bank (MBWM) to Your Portfolio NowJune 29, 2023 | msn.comWall Street Analysts Believe Mercantile Bank (MBWM) Could Rally 31.16%: Here's is How to TradeJune 28, 2023 | finance.yahoo.comInvestors in Mercantile Bank (NASDAQ:MBWM) have unfortunately lost 8.1% over the last five yearsJune 28, 2023 | finance.yahoo.comMercantile Bank Corporation Announces Second Quarter 2023 Results Conference Call and WebcastJune 14, 2023 | msn.comMercantile Bank first in Bank Friendliness IndexJune 10, 2023 | finance.yahoo.comMBWM - Mercantile Bank CorporationMay 19, 2023 | finance.yahoo.comMercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.33April 27, 2023 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q1 2023 Earnings Call TranscriptSee More Headlines 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 Company Calendar Last Earnings7/18/2023Ex-Dividend for 9/13 Dividend8/31/2023Dividend Payable9/13/2023Today10/02/2023Next Earnings (Confirmed)10/17/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:MBWM CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees665Year Founded1997Price Target and Rating Average Stock Price Forecast$39.00 High Stock Price Forecast$40.00 Low Stock Price Forecast$38.00 Forecasted Upside/Downside+26.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.96 Trailing P/E Ratio6.23 Forward P/E Ratio6.36 P/E GrowthN/ANet Income$61.06 million Net Margins30.16% Pretax Margin37.47% Return on Equity17.56% Return on Assets1.59% Debt Debt-to-Equity Ratio1.27 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$213.92 million Price / Sales2.31 Cash Flow$4.66 per share Price / Cash Flow6.63 Book Value$27.82 per share Price / Book1.11Miscellaneous Outstanding Shares16,020,000Free Float15,435,000Market Cap$495.18 million OptionableOptionable Beta1.03 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Robert B. Kaminski Jr. (Age 61)Pres, CEO & Director Comp: $1.06MMr. Charles E. Christmas (Age 57)Exec. VP, CFO & Treasurer Comp: $589.46kMr. Raymond E. Reitsma (Age 60)Exec. VP & COO Comp: $719.9kMr. Robert T. Worthington (Age 48)Sr. VP, Chief Risk Officer, Gen. Counsel & Sec. Comp: $339.64kMr. Brett E. Hoover (Age 52)Sr. VP & HR Director Mr. Mark S. AugustynSr. VP & Chief Lending Officer of Mercantile Bank of MichiganMr. Jeff KaiserSr. VP & Head of Risk Management DepartmentMore ExecutivesKey CompetitorsCapital City Bank GroupNASDAQ:CCBGUnivest FinancialNASDAQ:UVSPHeritage CommerceNASDAQ:HTBKHorizon BancorpNASDAQ:HBNCWashington Trust BancorpNASDAQ:WASHView All CompetitorsInsiders & InstitutionsCalifornia State Teachers Retirement SystemSold 674 shares on 8/21/2023Ownership: 0.114%Osaic Holdings Inc.Sold 517 shares on 8/21/2023Ownership: 0.032%Royal Bank of CanadaSold 717 shares on 8/15/2023Ownership: 0.534%Alliancebernstein L.P.Bought 1,420 shares on 8/15/2023Ownership: 0.064%Citadel Advisors LLCBought 1,900 shares on 8/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MBWM Stock - Frequently Asked Questions Should I buy or sell Mercantile Bank stock right now? 2 Wall Street 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 analysts is that investors should "moderate buy" MBWM shares. View MBWM analyst ratings or view top-rated stocks. What is Mercantile Bank's stock price forecast for 2023? 2 brokerages have issued 1 year target prices for Mercantile Bank's shares. Their MBWM share price forecasts range from $38.00 to $40.00. On average, they predict the company's share price to reach $39.00 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View analysts price targets for MBWM or view top-rated stocks among Wall Street analysts. How have MBWM shares performed in 2023? Mercantile Bank's stock was trading at $33.48 at the start of the year. Since then, MBWM stock has decreased by 7.7% and is now trading at $30.91. View the best growth stocks for 2023 here. Are investors shorting Mercantile Bank? Mercantile Bank saw a decline in short interest in September. As of September 15th, there was short interest totaling 118,500 shares, a decline of 19.1% from the August 31st total of 146,400 shares. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.8% of the shares of the stock are short sold. View Mercantile Bank's Short Interest. When is Mercantile Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023. View our MBWM earnings forecast. How can I listen to Mercantile Bank's earnings call? Mercantile Bank will be holding an earnings conference call on Tuesday, October 17th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Mercantile Bank's earnings last quarter? Mercantile Bank Co. (NASDAQ:MBWM) released its quarterly earnings data on Tuesday, July, 18th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.16. The financial services provider had revenue of $73.56 million for the quarter, compared to analysts' expectations of $52.43 million. Mercantile Bank had a net margin of 30.16% and a trailing twelve-month return on equity of 17.56%. During the same quarter in the previous year, the company earned $0.74 earnings per share. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank declared a quarterly dividend on Thursday, July 13th. Investors of record on Friday, September 1st will be paid a dividend of $0.34 per share on Wednesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.33. Read our dividend analysis for MBWM. Is Mercantile Bank a good dividend stock? Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.40%. MBWM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 27.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 34.52% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MBWM. What is Bob Kaminski's approval rating as Mercantile Bank's CEO? 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. What other stocks do shareholders of Mercantile Bank own? 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). What is Mercantile Bank's stock symbol? Mercantile Bank trades on the NASDAQ under the ticker symbol "MBWM." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Mercantile Bank's stock price today? One share of MBWM stock can currently be purchased for approximately $30.91. How much money does Mercantile Bank make? Mercantile Bank (NASDAQ:MBWM) has a market capitalization of $495.18 million and generates $213.92 million in revenue each year. The financial services provider earns $61.06 million in net income (profit) each year or $4.96 on an earnings per share basis. How many employees does Mercantile Bank have? The company employs 665 workers across the globe. How can I contact Mercantile Bank? Mercantile Bank's mailing address is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. The official website for the company is www.mercbank.com. The financial services provider can be reached via phone at (616) 406-3000, via email at cchristmas@mercbank.com, or via fax at 616-406-3737. This page (NASDAQ:MBWM) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mercantile Bank Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial 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: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: 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.