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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
NASDAQ:MBWM

Mercantile Bank (MBWM) Stock Forecast, Price & News

$30.91
-0.23 (-0.74%)
(As of 09/29/2023 ET)
Compare
Today's Range
$30.64
$31.36
50-Day Range
$30.91
$36.56
52-Week Range
$23.89
$37.00
Volume
31,062 shs
Average Volume
35,343 shs
Market Capitalization
$495.18 million
P/E Ratio
6.23
Dividend Yield
4.40%
Price Target
$39.00

Mercantile Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.2% Upside
$39.00 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Mercantile Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$137,160 Sold Last Quarter
Proj. Earnings Growth
-18.93%
From $4.86 to $3.94 Per Share

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 stars

Finance Sector

132nd out of 879 stocks

State Commercial Banks Industry

35th out of 183 stocks


MBWM stock logo

About Mercantile Bank (NASDAQ:MBWM) Stock

Mercantile 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.

MBWM Price History

MBWM Stock News Headlines

Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
Best Income Stocks to Buy for August 14
Best Momentum Stocks to Buy for July 21th
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Why Mercantile Bank Stock Rose 16.4% This Week
Q2 2023 Mercantile Bank Corp Earnings Call
Mercantile Bank raises dividend by 3% to $0.34
Mercantile Bank Q2 Profit Advances, Beats estimates
MBWM - Mercantile Bank Corporation
See More Headlines
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MBWM Company Calendar

Last Earnings
7/18/2023
Ex-Dividend for 9/13 Dividend
8/31/2023
Dividend Payable
9/13/2023
Today
10/01/2023
Next Earnings (Confirmed)
10/17/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:MBWM
CUSIP
58737610
Employees
665
Year Founded
1997

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$61.06 million
Pretax Margin
37.47%

Debt

Sales & Book Value

Annual Sales
$213.92 million
Cash Flow
$4.66 per share
Book Value
$27.82 per share

Miscellaneous

Free Float
15,533,000
Market Cap
$495.18 million
Optionable
Optionable
Beta
1.02

Social Links

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Key Executives

  • Mr. Robert B. Kaminski Jr. (Age 61)
    Pres, CEO & Director
    Comp: $1.06M
  • Mr. Charles E. Christmas (Age 57)
    Exec. VP, CFO & Treasurer
    Comp: $589.46k
  • Mr. Raymond E. Reitsma (Age 60)
    Exec. VP & COO
    Comp: $719.9k
  • Mr. Robert T. WorthingtonMr. Robert T. Worthington (Age 48)
    Sr. VP, Chief Risk Officer, Gen. Counsel & Sec.
    Comp: $339.64k
  • Mr. Brett E. Hoover (Age 52)
    Sr. VP & HR Director
  • Mr. Mark S. Augustyn
    Sr. VP & Chief Lending Officer of Mercantile Bank of Michigan
  • Mr. Jeff Kaiser
    Sr. VP & Head of Risk Management Department













MBWM Stock - Frequently Asked Questions

Should I buy or sell Mercantile Bank stock right now?

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.

What is Mercantile Bank's stock price forecast for 2023?

2 equities research analysts have issued twelve-month price objectives for Mercantile Bank's shares. Their MBWM share price forecasts range from $38.00 to $40.00. On average, they predict the company's stock price to reach $39.00 in the next twelve months. 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 beginning 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 decrease in short interest in the month of September. As of September 15th, there was short interest totaling 118,500 shares, a decrease of 19.1% from the August 31st total of 146,400 shares. Based on an average daily trading volume, of 39,200 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.8% of the company's 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) issued its earnings results on Tuesday, July, 18th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 17.56% and a net margin of 30.16%. During the same quarter in the prior year, the business posted $0.74 earnings per share.

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

Mercantile Bank announced a quarterly dividend on Thursday, July 13th. Stockholders 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 yield of 4.40%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase 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 10/1/2023 by MarketBeat.com Staff

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