Mercantile Bank Corporation Company Profile (NASDAQ:MBWM)

About Mercantile Bank Corporation (NASDAQ:MBWM)

Mercantile Bank Corporation logoMercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate accounts.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:MBWM
  • CUSIP: 58737610
  • Web: www.mercbank.com
Capitalization:
  • Market Cap: $611.45 million
  • Outstanding Shares: 16,483,000
Average Prices:
  • 50 Day Moving Avg: $33.72
  • 200 Day Moving Avg: $32.54
  • 52 Week Range: $26.54 - $38.68
P/E:
  • Trailing P/E Ratio: 19.42
  • Foreward P/E Ratio: 17.41
  • P/E Growth: 2.51
Sales & Book Value:
  • Annual Revenue: $121.42 million
  • Price / Sales: 5.03
  • Book Value: $21.69 per share
  • Price / Book: 1.71
Dividend:
  • Annual Dividend: $0.76
  • Dividend Yield: 2.1%
Profitability:
  • Net Margins: 22.18%
  • Return on Equity: 9.00%
  • Return on Assets: 1.02%
Debt:
  • Debt-to-Equity Ratio: 0.81%
  • Current Ratio: 1.05%
  • Quick Ratio: 1.05%
Misc:
  • Average Volume: 30,909 shs.
  • Beta: 0.72
  • Short Ratio: 4.35
 

Frequently Asked Questions for Mercantile Bank Corporation (NASDAQ:MBWM)

What is Mercantile Bank Corporation's stock symbol?

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

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

Mercantile Bank Corporation declared a quarterly dividend on Wednesday, October 18th. Investors of record on Friday, December 8th will be paid a dividend of $0.19 per share on Wednesday, December 20th. This represents a $0.76 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 7th. View Mercantile Bank Corporation's Dividend History.

How were Mercantile Bank Corporation's earnings last quarter?

Mercantile Bank Corporation (NASDAQ:MBWM) released its quarterly earnings data on Tuesday, October, 17th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company earned $33.25 million during the quarter, compared to analyst estimates of $32.20 million. Mercantile Bank Corporation had a net margin of 22.18% and a return on equity of 9.00%. View Mercantile Bank Corporation's Earnings History.

When will Mercantile Bank Corporation make its next earnings announcement?

Mercantile Bank Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, January, 16th 2018. View Earnings Estimates for Mercantile Bank Corporation.

Where is Mercantile Bank Corporation's stock going? Where will Mercantile Bank Corporation's stock price be in 2017?

4 brokers have issued 12-month price targets for Mercantile Bank Corporation's shares. Their predictions range from $32.00 to $35.00. On average, they expect Mercantile Bank Corporation's share price to reach $33.67 in the next twelve months. View Analyst Ratings for Mercantile Bank Corporation.

Who are some of Mercantile Bank Corporation's key competitors?

Who are Mercantile Bank Corporation's key executives?

Mercantile Bank Corporation's management team includes the folowing people:

  • Michael H. Price, Executive Chairman of the Board
  • Robert B. Kaminski Jr., President, Chief Executive Officer, Director of the Company and Chief Executive Officer of the Bank
  • Charles E. Christmas, Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President and Chief Financial Officer of the Bank
  • Raymond E. Reitsma, President of the Bank
  • Robert T. Worthington, Chief Operating Officer, Senior Vice President, General Counsel, Secretary
  • Thomas R. Sullivan, Director
  • David M. Cassard, Independent Director
  • Edward J. Clark, Independent Director
  • Michelle Larabee Eldridge, Independent Director
  • Jeff A. Gardner, Independent Director

How do I buy Mercantile Bank Corporation stock?

Shares of Mercantile Bank Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mercantile Bank Corporation's stock price today?

One share of Mercantile Bank Corporation stock can currently be purchased for approximately $37.08.


MarketBeat Community Rating for Mercantile Bank Corporation (NASDAQ MBWM)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  82 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  185
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Mercantile Bank Corporation (NASDAQ:MBWM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $33.67 (9.21% downside)
Consensus Price Target History for Mercantile Bank Corporation (NASDAQ:MBWM)
Price Target History for Mercantile Bank Corporation (NASDAQ:MBWM)
Analysts' Ratings History for Mercantile Bank Corporation (NASDAQ:MBWM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/3/2017Keefe, Bruyette & WoodsReiterated RatingHold$34.00LowView Rating Details
9/28/2017DA DavidsonDowngradeBuy -> Neutral$35.00MediumView Rating Details
1/18/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
11/21/2016Hovde GroupInitiated CoverageMarket Perform$32.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Mercantile Bank Corporation (NASDAQ:MBWM)
Earnings by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)
Earnings History by Quarter for Mercantile Bank Corporation (NASDAQ MBWM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/15/2018$0.50N/AView Earnings Details
10/17/2017Q3 2017$0.48$0.51$32.20 million$33.25 millionViewN/AView Earnings Details
7/18/2017Q2 2017$0.45$0.45$31.27 million$31.24 millionViewN/AView Earnings Details
4/18/2017Q1 2017$0.43$0.46$30.64 million$31.36 millionViewN/AView Earnings Details
1/17/2017Q416$0.46$0.49$31.34 million$31.04 millionViewN/AView Earnings Details
10/18/2016Q316$0.46$0.48$30.72 million$31.73 millionViewListenView Earnings Details
7/19/2016Q216$0.42$0.46$30.10 million$31.20 millionViewListenView Earnings Details
4/19/2016Q116$0.40$0.52$29.06 million$32.97 millionViewListenView Earnings Details
1/19/2016Q415$0.39$0.40$28.83 million$29.71 millionViewListenView Earnings Details
10/20/2015Q315$0.40$0.45$28.69 million$29.90 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.39$28.48 million$29.06 millionViewListenView Earnings Details
4/21/2015Q1$0.38$0.39$28.16 million$28.54 millionViewN/AView Earnings Details
1/20/2015Q414$0.40$0.38$29.10 million$28.51 millionViewN/AView Earnings Details
10/21/2014Q3$0.41$0.40$28.85 million$28.89 millionViewListenView Earnings Details
7/22/2014Q214$0.41$0.34$22.66 million$17.82 millionViewN/AView Earnings Details
4/22/2014Q114$0.41$0.41$18.36 million$12.57 millionViewN/AView Earnings Details
1/21/2014Q413$0.40$0.59$13.50 millionViewN/AView Earnings Details
10/15/2013Q3 13$0.38$0.40ViewN/AView Earnings Details
10/15/2013Q313$0.38$0.40$13.39 millionViewN/AView Earnings Details
7/16/2013Q2 13$0.35$0.46ViewN/AView Earnings Details
7/16/2013Q2 2013$0.35$0.46$13.41 millionViewN/AView Earnings Details
4/16/2013Q1 2013$0.33$0.50$13.55 million$13.30 millionViewN/AView Earnings Details
1/15/2013Q4 12$0.31$0.35ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mercantile Bank Corporation (NASDAQ:MBWM)
2017 EPS Consensus Estimate: $1.85
2018 EPS Consensus Estimate: $2.12
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.41$0.41$0.41
Q2 20172$0.44$0.45$0.45
Q3 20172$0.47$0.51$0.49
Q4 20172$0.48$0.52$0.50
Q1 20182$0.47$0.52$0.50
Q2 20182$0.50$0.54$0.52
Q3 20182$0.53$0.56$0.55
Q4 20182$0.55$0.57$0.56
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mercantile Bank Corporation (NASDAQ:MBWM)
Next Dividend:12/20/2017
Annual Dividend:$0.76
Dividend Yield:2.05%
Payout Ratio:39.79% (Trailing 12 Months of Earnings)
39.79% (Based on This Year's Estimates)
35.68% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)

Dividend History by Quarter for Mercantile Bank Corporation (NASDAQ MBWM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/18/2017quarterly$0.192.03%12/7/201712/8/201712/20/2017
7/18/2017quarterly$0.192.36%9/7/20179/8/20179/20/2017
4/18/2017quarterly$0.182.16%6/7/20176/9/20176/21/2017
1/18/2017quarterly$0.182.17%3/8/20173/10/20173/22/2017
10/18/2016quarterly$0.172.5%12/7/201612/9/201612/21/2016
7/19/2016quarterly$0.172.7%9/7/20169/9/20169/21/2016
4/21/2016quarterly$0.162.63%6/8/20166/10/20166/23/2016
1/20/2016quarterly$0.162.79%3/9/20163/11/20163/23/2016
10/21/2015quarterly$0.152.86%12/9/201512/11/201512/23/2015
7/21/2015quarterly$0.152.92%9/9/20159/11/20159/23/2015
4/21/2015quarterly$0.142.71%6/10/20156/12/20156/24/2015
1/21/2015quarterly$0.142.93%3/11/20153/13/20153/25/2015
10/22/2014quarterly$0.122.53%12/10/201412/12/201412/24/2014
10/21/2014quarterly$0.1212/12/201412/24/2014
7/22/2014quarterly$0.122.44%9/10/20149/12/20149/24/2014
7/22/2014quarterly$0.129/12/20149/24/2014
5/12/2014quarterly$0.122.17%6/11/20146/13/20146/25/2014
5/9/2014special$2.005/22/20145/29/2014
5/9/2014quarterly$0.126/13/20146/25/2014
1/22/2014quarterly$0.122.18%2/6/20142/10/20143/10/2014
1/21/2014quarterly$0.122/10/20143/10/2014
10/16/2013quarterly$0.122.16%11/6/201311/8/201312/10/2013
10/15/2013quarterly$0.1211/8/201312/10/2013
7/16/2013quarterly$0.122.42%8/7/20138/9/20139/10/2013
7/16/2013quarterly$0.128/9/20139/10/2013
4/16/2013quarterly$0.112.66%5/8/20135/10/20136/10/2013
1/15/2013quarterly$0.102.33%2/6/20132/8/20133/8/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Mercantile Bank Corporation (NASDAQ:MBWM)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 52.86%
Insider Trades by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)
Institutional Ownership by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)
Insider Trades by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/21/2017Edward J ClarkDirectorBuy385$31.59$12,162.15View SEC Filing  
6/14/2017Thomas R SullivanDirectorSell7,113$33.75$240,063.75View SEC Filing  
6/13/2017Thomas R SullivanDirectorSell2,797$33.24$92,972.28View SEC Filing  
6/12/2017Thomas R SullivanDirectorSell3,801$34.23$130,108.23View SEC Filing  
4/25/2017Michael H PriceChairmanSell9,535$35.04$334,106.40View SEC Filing  
3/2/2017Thomas R SullivanDirectorSell7,000$33.38$233,660.00View SEC Filing  
12/12/2016Michael H PriceChairmanSell9,551$35.18$336,004.18View SEC Filing  
11/30/2016Edward B GrantDirectorSell2,000$32.92$65,840.00View SEC Filing  
8/26/2016Thomas R SullivanDirectorSell5,000$26.87$134,350.00View SEC Filing  
8/19/2016Michael H PriceChairmanSell13,362$25.81$344,873.22View SEC Filing  
7/28/2016Michael H. PriceChairmanSell11,520$24.99$287,884.80View SEC Filing  
3/4/2016Thomas R SullivanDirectorSell560$24.00$13,440.00View SEC Filing  
2/19/2016Jeff A GardnerDirectorSell3,999$22.63$90,497.37View SEC Filing  
1/22/2016Michael H PriceCEOSell8,000$21.16$169,280.00View SEC Filing  
12/15/2015Thomas R SullivanDirectorSell3,000$24.20$72,600.00View SEC Filing  
11/24/2015Samuel G StoneEVPSell1,378$25.10$34,587.80View SEC Filing  
11/19/2015Thomas R. SullivanDirectorSell1,653$25.14$41,556.42View SEC Filing  
11/16/2015Thomas R SullivanDirectorSell3,000$24.00$72,000.00View SEC Filing  
10/23/2015Thomas R SullivanDirectorSell3,000$21.50$64,500.00View SEC Filing  
9/24/2015Thomas R SullivanDirectorSell3,000$21.00$63,000.00View SEC Filing  
8/17/2015Thomas R SullivanChairmanSell3,000$20.37$61,110.00View SEC Filing  
4/27/2015Edward B GrantDirectorSell2,247$20.44$45,928.68View SEC Filing  
7/29/2014Robert B KaminskiCOOSell3,000$19.43$58,290.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mercantile Bank Corporation (NASDAQ:MBWM)
Latest Headlines for Mercantile Bank Corporation (NASDAQ:MBWM)
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Chart

Mercantile Bank Corporation (MBWM) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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