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

-0.01 (-0.03 %)
(As of 11/18/2019 03:30 AM ET)
Today's Range
Now: $35.55
50-Day Range
MA: $34.34
52-Week Range
Now: $35.55
Volume28,500 shs
Average Volume39,458 shs
Market Capitalization$580.89 million
P/E Ratio14.05
Dividend Yield3.04%
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:MBWM



Sales & Book Value

Annual Sales$160.99 million
Cash Flow$3.12 per share
Book Value$24.93 per share


Net Income$42.02 million


Market Cap$580.89 million
Next Earnings Date1/28/2020 (Estimated)

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

What is Mercantile Bank's stock symbol?

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

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

Mercantile Bank declared a quarterly dividend on Tuesday, October 15th. Shareholders of record on Friday, December 6th will be given a dividend of $0.27 per share on Wednesday, December 18th. This represents a $1.08 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 5th. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) announced its earnings results on Tuesday, October, 15th. The financial services provider reported $0.77 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.14. The financial services provider had revenue of $38.28 million for the quarter, compared to analyst estimates of $36.69 million. Mercantile Bank had a return on equity of 11.39% and a net margin of 26.36%. View Mercantile Bank's Earnings History.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Mercantile Bank.

What price target have analysts set for MBWM?

1 brokerages have issued 1 year price objectives for Mercantile Bank's stock. Their forecasts range from $36.50 to $36.50. On average, they anticipate Mercantile Bank's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation for Mercantile Bank?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantile Bank.

Has Mercantile Bank been receiving favorable news coverage?

Press coverage about MBWM stock has been trending very negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercantile Bank earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View News Stories for Mercantile Bank.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a increase in short interest in October. As of October 31st, there was short interest totalling 246,300 shares, an increase of 18.1% from the September 30th total of 208,600 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is currently 6.3 days. Currently, 1.6% of the company's shares are sold short. View Mercantile Bank's Current Options Chain.

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), Alibaba Group (BABA), News (NWSA), salesforce.com (CRM), JPMorgan Chase & Co. (JPM), Vitalhub (VHI), Aspen Technology (AZPN), Blueprint Medicines (BPMC), Citrix Systems (CTXS) and Midland States Bancorp (MSBI).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the folowing 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)

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (2.31%), North Star Asset Management Inc. (1.61%), LaFleur & Godfrey LLC (0.39%), First Trust Advisors LP (0.35%), California Public Employees Retirement System (0.25%) and Envestnet Asset Management Inc. (0.18%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price 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 Tributary Capital Management LLC, First National Bank of Omaha, Norris Perne & French LLP MI, Strs Ohio and Envestnet Asset Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Lonna Wiersma and Michael H Price. View Insider Buying and Selling for Mercantile Bank.

Which major investors are buying Mercantile Bank stock?

MBWM stock was acquired by a variety of institutional investors in the last quarter, including LaFleur & Godfrey LLC, Campbell & CO Investment Adviser LLC, Chicago Equity Partners LLC, Bailard Inc., California Public Employees Retirement System, First Trust Advisors LP, Russell Investments Group Ltd. and Rhumbline Advisers. View Insider Buying and Selling 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 $35.55.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $580.89 million and generates $160.99 million in revenue each year. The financial services provider earns $42.02 million in net income (profit) each year or $2.53 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe.View Additional Information About Mercantile Bank.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is http://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]

MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  240 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  560
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank and other stocks. Vote "Outperform" if you believe MBWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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