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NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News

$23.20
+0.53 (+2.34 %)
(As of 08/10/2020 11:45 AM ET)
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Compare
Today's Range
$22.76
Now: $23.20
$23.28
50-Day Range
$19.66
MA: $21.41
$23.10
52-Week Range
$18.64
Now: $23.20
$37.32
Volume219 shs
Average Volume40,427 shs
Market Capitalization$376.07 million
P/E Ratio8.38
Dividend Yield4.94%
Beta1.07
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 40 automated teller machines. The company operates 46 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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Mercantile Bank logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.29 million
Cash Flow$3.24 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$376.07 million
Next Earnings Date10/20/2020 (Estimated)
OptionableOptionable
$23.20
+0.53 (+2.34 %)
(As of 08/10/2020 11:45 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

How has Mercantile Bank's stock been impacted by COVID-19 (Coronavirus)?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MBWM shares have decreased by 2.0% and is now trading at $23.20.
View which stocks have been most impacted by Coronavirus
.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Mercantile Bank
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, July, 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.22. The financial services provider earned $41.56 million during the quarter, compared to analyst estimates of $36.67 million. Mercantile Bank had a net margin of 24.28% and a return on equity of 10.35%.
View Mercantile Bank's earnings history
.

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

Mercantile Bank declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.28 per share on Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, September 3rd.
View Mercantile Bank's dividend history
.

Has Mercantile Bank been receiving favorable news coverage?

Media coverage about MBWM stock has been trending very positive recently, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercantile Bank earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Mercantile Bank
.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 265,500 shares, a decline of 5.5% from the July 15th total of 280,900 shares. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is presently 5.0 days. Approximately 1.8% of the shares of the stock are short sold.
View Mercantile Bank's Short Interest
.

Who are some of Mercantile Bank's key competitors?

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), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ), Mercury General (MCY) and Marathon Petroleum (MPC).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following people:
  • Mr. Robert B. Kaminski Jr., Pres, CEO & Director (Age 57)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 53)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 44)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director
  • Mr. Raymond E. Reitsma, Sr. VP (Age 56)

What is Mercantile Bank's stock symbol?

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

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (2.36%), North Star Asset Management Inc. (1.67%), LSV Asset Management (1.21%), LaFleur & Godfrey LLC (0.37%), First Trust Advisors LP (0.29%) and Swiss National Bank (0.22%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price, Robert T Worthington and Thomas R Sullivan.
View institutional ownership trends for Mercantile Bank
.

Which major investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., LSV Asset Management, UBS Group AG, LaFleur & Godfrey LLC, Bessemer Group Inc., and Envestnet Asset Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price, and Robert T Worthington.
View insider buying and selling activity for Mercantile Bank
.

Which major investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Mackay Shields LLC, Trexquant Investment LP, North Star Asset Management Inc., Swiss National Bank, SG Americas Securities LLC, First Trust Advisors LP, and Strs Ohio.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $23.20.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $376.07 million and generates $185.29 million in revenue each year. The financial services provider earns $49.46 million in net income (profit) each year or $2.57 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is www.mercbank.com.

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]

This page was last updated on 8/10/2020 by MarketBeat.com Staff

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