Mercantile Bank Corporation Company Profile (NASDAQ:MBWM)

About Mercantile Bank Corporation

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, through its approximately 50 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank owns approximately 50 automated teller machines (ATM). Its 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. Mercantile Insurance Center, Inc. (insurance company) is a subsidiary of the Bank, which offers insurance products.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: MBWM
  • CUSIP: 58737610
Key Metrics:
  • Previous Close: $33.45
  • 50 Day Moving Average: $33.75
  • 200 Day Moving Average: $30.66
  • 52-Week Range: $21.05 - $38.68
  • Trailing P/E Ratio: 17.15
  • Foreward P/E Ratio: 15.34
  • P/E Growth: 2.19
  • Market Cap: $551.58M
  • Outstanding Shares: 16,416,000
  • Beta: 0.88
Profitability:
  • Net Margins: 22.88%
  • Return on Equity: 9.27%
  • Return on Assets: 1.07%
Debt:
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 1.02%
  • Quick Ratio: 1.02%
Additional Links:
Companies Related to Mercantile Bank Corporation:

Analyst Ratings

Consensus Ratings for Mercantile Bank Corporation (NASDAQ:MBWM) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $30.00 (10.71% downside)

Analysts' Ratings History for Mercantile Bank Corporation (NASDAQ:MBWM)
Show:
DateFirmActionRatingPrice TargetDetails
1/18/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformView Rating Details
11/29/2016Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$30.00 -> $35.00View Rating Details
11/21/2016Hovde GroupInitiated CoverageMarket Perform$32.00View Rating Details
7/22/2015Sandler O'NeillDowngradeBuy -> HoldView Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Mercantile Bank Corporation (NASDAQ:MBWM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/17/2017        
1/17/2017Q416$0.46$0.49$31.62 millionViewN/AView Earnings Details
10/18/2016Q316$0.46$0.48$31.20 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$29.05 millionViewListenView Earnings Details
1/19/2016Q415$0.39$0.40$29.00 millionViewListenView Earnings Details
10/20/2015Q315$0.40$0.45$28.90 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.39$28.45 millionViewListenView Earnings Details
4/21/2015Q1$0.38$0.39ViewN/AView Earnings Details
1/20/2015Q414$0.41$0.38$29.40 millionViewN/AView Earnings Details
10/21/2014Q3$0.41$0.35ViewListenView Earnings Details
7/22/2014Q214$0.41$0.34$21.20 millionViewN/AView Earnings Details
4/22/2014Q114$0.41$0.41$18.59 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)
Current Year EPS Consensus Estimate: $1.89 EPS
Next Year EPS Consensus Estimate: $2.19 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.39$0.39$0.39
Q2 20162$0.42$0.43$0.43
Q3 20161$0.44$0.44$0.44
Q4 20161$0.45$0.45$0.45
Q1 20171$0.41$0.41$0.41
Q2 20171$0.44$0.44$0.44
Q3 20171$0.48$0.48$0.48
Q4 20171$0.47$0.47$0.47
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mercantile Bank Corporation (NASDAQ:MBWM)
Annual Dividend:$0.68
Dividend Yield:2.02%
Payout Ratio:34.87% (Based on Trailing 12 Months of Earnings)
35.98% (Based on Current Year Consensus EPS Estimate)
31.05% (Based on Next Year Consensus EPS Estimate)

Dividend History for Mercantile Bank Corporation (NASDAQ:MBWM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Mercantile Bank Corporation (NASDAQ:MBWM)
Insider Ownership Percentage: 3.44%
Institutional Ownership Percentage: 47.97%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Mercantile Bank Corporation (NASDAQ:MBWM)
DateHeadline
seekingalpha.com logoMercantile Bank Whiffs In Q4: Avoid (NASDAQ:MBWM)
seekingalpha.com - February 20 at 5:49 PM
capitalcube.com logoMercantile Bank Corp. : MBWM-US: Dividend Analysis : December 09th, 2016 (record date) : By the numbers : January 30, 2017 (NASDAQ:MBWM)
www.capitalcube.com - January 30 at 7:10 PM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : January 19, 2017 (NASDAQ:MBWM)
www.capitalcube.com - January 19 at 8:26 PM
us.rd.yahoo.com logo6:02 am Mercantile Bank increases quarterly dividend to $0.18/share from $0.17/share (NASDAQ:MBWM)
us.rd.yahoo.com - January 17 at 11:50 PM
sg.finance.yahoo.com logoMercantile Bank posts 4Q profit (NASDAQ:MBWM)
us.rd.yahoo.com - January 17 at 11:50 PM
biz.yahoo.com logoQ4 2016 Mercantile Bank Corp Earnings Release - Before Market Open (NASDAQ:MBWM)
us.rd.yahoo.com - January 17 at 11:50 PM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 17-Jan-17 3:00pm GMT (NASDAQ:MBWM)
finance.yahoo.com - January 17 at 11:50 PM
bizjournals.com logoMercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2016 Results (NASDAQ:MBWM)
www.bizjournals.com - January 17 at 11:52 AM
finance.yahoo.com logoMercantile Bank Corporation Increases Regular Cash Dividend (NASDAQ:MBWM)
finance.yahoo.com - January 17 at 11:52 AM
seekingalpha.com logoMercantile Bank beats by $0.03, misses on revenue (NASDAQ:MBWM)
seekingalpha.com - January 17 at 6:22 AM
publicnow.com logoMercantile Bank Corporation Announces 2016 Fourth Quarter and Full Year Results Conference Call and Webcast (NASDAQ:MBWM)
www.publicnow.com - January 3 at 10:59 AM
seekingalpha.com logoMercantile Bank Corporation: Don't Let Its Lackluster Third Quarter Fool You (NASDAQ:MBWM)
seekingalpha.com - December 31 at 9:20 AM
capitalcube.com logoETFs with exposure to Mercantile Bank Corp. : December 30, 2016 (NASDAQ:MBWM)
www.capitalcube.com - December 30 at 6:50 PM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:MBWM)
biz.yahoo.com - December 15 at 7:06 PM
insidermonkey.com logoHow Mercantile Bank Corp. (MBWM) Compares To Its Peers (NASDAQ:MBWM)
www.insidermonkey.com - December 15 at 7:06 PM
capitalcube.com logoETFs with exposure to Mercantile Bank Corp. : December 13, 2016 (NASDAQ:MBWM)
www.capitalcube.com - December 13 at 6:53 PM
News IconUS markets lead the pack for November trading (NASDAQ:MBWM)
www.fow.com - December 8 at 10:04 AM
us.rd.yahoo.com logoMercantile Bank downgraded by Keefe Bruyette (NASDAQ:MBWM)
us.rd.yahoo.com - November 30 at 11:11 AM
marketexclusive.com logoKeefe, Bruyette & Woods has upgraded the stock of KeyCorp (NYSE:KEY) (NASDAQ:MBWM)
marketexclusive.com - November 29 at 2:58 PM
News IconDirector of Mercantile Bank Corporation (NASDAQ:MBWM), Sullivan Thomas R, sells 5,000 shares worth $165,200 (NASDAQ:MBWM)
empowerednews.net - November 23 at 9:10 AM
finance.yahoo.com logoCoverage initiated on Mercantile Bank by Hovde Group (NASDAQ:MBWM)
finance.yahoo.com - November 21 at 11:22 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NASDAQ:MBWM)
biz.yahoo.com - November 18 at 5:41 PM
publicnow.com logoPacific Mercantile Bank Increases Financing for Marque Medical to $3.9 Million (NASDAQ:MBWM)
www.publicnow.com - November 18 at 8:48 AM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : November 3, 2016 (NASDAQ:MBWM)
www.capitalcube.com - November 3 at 9:51 AM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : October 28, 2016 (NASDAQ:MBWM)
www.capitalcube.com - October 28 at 5:52 PM
seekingalpha.com logoMercantile Bank Shows Strong Growth From Q3 Earnings (NASDAQ:MBWM)
seekingalpha.com - October 26 at 6:06 PM
capitalcube.com logoMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q3, 2016 By the Numbers : October 26, 2016 (NASDAQ:MBWM)
www.capitalcube.com - October 26 at 6:06 PM
mysmartrend.com logoMercantile Bank Has Returned 15.4% Since SmarTrend Recommendation (MBWM) (NASDAQ:MBWM)
www.mysmartrend.com - October 22 at 10:10 AM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 18-Oct-16 2:00pm GMT (NASDAQ:MBWM)
finance.yahoo.com - October 19 at 11:00 AM
seekingalpha.com logoMercantile Bank's (MBWM) CEO Michael Price on Q3 2016 Results - Earnings Call Transcript (NASDAQ:MBWM)
seekingalpha.com - October 18 at 5:57 PM
seekingalpha.com logoMercantile Bank higher after revnue, earnings beat (NASDAQ:MBWM)
seekingalpha.com - October 18 at 1:22 PM
sg.finance.yahoo.com logoMercantile Bank posts 3Q profit (NASDAQ:MBWM)
sg.finance.yahoo.com - October 18 at 11:18 AM
publicnow.com logoMercantile Bank Corporation Reports Strong Third Quarter 2016 Results (NASDAQ:MBWM)
www.publicnow.com - October 18 at 11:18 AM
publicnow.com logoMercantile Bank Corporation Declares Cash Dividend of $0.67 Per Share (NASDAQ:MBWM)
www.publicnow.com - October 18 at 11:18 AM
biz.yahoo.com logoQ3 2016 Mercantile Bank Corp Earnings Release - 06:00 am ET (NASDAQ:MBWM)
biz.yahoo.com - October 18 at 11:18 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi (NASDAQ:MBWM)
biz.yahoo.com - October 18 at 11:18 AM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : October 14, 2016 (NASDAQ:MBWM)
www.capitalcube.com - October 14 at 9:21 AM
capitalcube.com logoMercantile Bank Corp. : MBWM-US: Dividend Analysis : September 09th, 2016 (record date) : By the numbers : October 11, 2016 (NASDAQ:MBWM)
www.capitalcube.com - October 11 at 6:18 PM
publicnow.com logoMercantile Bank Corporation Announces Third Quarter 2016 Results Conference Call and Webcast (NASDAQ:MBWM)
www.publicnow.com - October 3 at 10:38 AM
finance.yahoo.com logoMercantile Bank Corporation Announces Ongoing Succession Appointments (NASDAQ:MBWM)
finance.yahoo.com - September 29 at 11:06 AM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : September 19, 2016 (NASDAQ:MBWM)
www.capitalcube.com - September 19 at 10:35 AM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : August 22, 2016 (NASDAQ:MBWM)
www.capitalcube.com - August 22 at 6:06 PM
finance.yahoo.com logoMERCANTILE BANK CORP Financials (NASDAQ:MBWM)
finance.yahoo.com - August 16 at 6:11 PM
News IconMercantile plans ahead for smooth leadership change (NASDAQ:MBWM)
mibiz.com - August 8 at 10:49 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 10-Q, Quarterly Report (NASDAQ:MBWM)
biz.yahoo.com - August 5 at 6:17 PM
fidaily.com logoMercantile Bank Corporation (NASDAQ:MBWM) Trading Up – Insider Trading Activity (NASDAQ:MBWM)
www.fidaily.com - August 1 at 5:54 PM
capitalcube.com logoMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q2, 2016 By the Numbers : July 21, 2016 (NASDAQ:MBWM)
www.capitalcube.com - July 21 at 11:27 AM
msn.com logoMercantile Bank's (MBWM) CEO Michael Price on Q2 2016 Results - Earnings Call Transcript (NASDAQ:MBWM)
www.msn.com - July 21 at 8:57 AM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 19-Jul-16 2:00pm GMT (NASDAQ:MBWM)
finance.yahoo.com - July 19 at 2:28 PM
streetinsider.com logoMercantile Bank (MBWM) Tops Q2 EPS by 4c; CEO Price to Retire (NASDAQ:MBWM)
www.streetinsider.com - July 19 at 12:12 PM

Social

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, January 18th. Shareholders of record on Friday, March 10th will be given a dividend of $0.18 per share on Wednesday, March 22nd. This represents a $0.72 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 8th. This is an increase from Mercantile Bank Corporation's previous quarterly dividend of $0.17.

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

3 equities research analysts have issued twelve-month price objectives for Mercantile Bank Corporation's stock. Their predictions range from $23.00 to $35.00. On average, they anticipate Mercantile Bank Corporation's stock price to reach $30.00 in the next year.

When will Mercantile Bank Corporation announce their earnings?

Mercantile Bank Corporation is scheduled to release their next quarterly earnings announcement on Monday, April, 17th 2017.

Who owns Mercantile Bank Corporation stock?

Mercantile Bank Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.07%), Renaissance Technologies LLC (3.97%), State Street Corp (1.77%), Castine Capital Management LLC (0.52%), John W. Rosenthal Capital Management Inc. (0.46%) and Federated Investors Inc. PA (0.18%). Company insiders that own Mercantile Bank Corporation stock include Edward B Grant, Jeff A Gardner, Michael H Price, Samuel G Stone and Thomas R Sullivan.

Who sold Mercantile Bank Corporation stock? Who is selling Mercantile Bank Corporation stock?

Mercantile Bank Corporation's stock was sold by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, O Shaughnessy Asset Management LLC and Martingale Asset Management L P. Company insiders that have sold Mercantile Bank Corporation stock in the last year include Edward B Grant, Michael H Price and Thomas R Sullivan.

Who bought Mercantile Bank Corporation stock? Who is buying Mercantile Bank Corporation stock?

Mercantile Bank Corporation's stock was acquired by a variety of institutional investors in the last quarter, including John W. Rosenthal Capital Management Inc., Dimensional Fund Advisors LP, Round Hill Asset Management, State Street Corp, Russell Investments Group Ltd., Barings LLC, Renaissance Technologies LLC and Federated Investors Inc. PA.

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.

How much does a share of Mercantile Bank Corporation stock cost?

One share of Mercantile Bank Corporation stock can currently be purchased for approximately $33.60.

Mercantile Bank Corporation (NASDAQ:MBWM) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)

Earnings History Chart

Earnings by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)

Dividend History Chart

Dividend Payments by Quarter for Mercantile Bank Corporation (NASDAQ:MBWM)

Last Updated on 2/22/2017 by MarketBeat.com Staff