NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $50.44 +0.59 (+1.18%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$49.78▼$51.0050-Day Range$36.10▼$50.4452-Week Range$30.12▼$51.21Volume76,804 shsAverage Volume100,226 shsMarket Capitalization$813.09 millionP/E Ratio9.78Dividend Yield2.78%Price Target$52.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Mercantile Bank alerts: Email Address Mercantile Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside3.1% Upside$52.00 Price TargetShort InterestBearish1.75% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 11 Articles This WeekInsider TradingSelling Shares$252,168 Sold Last QuarterProj. Earnings Growth-7.48%From $4.81 to $4.45 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.74 out of 5 starsFinance Sector700th out of 898 stocksState Commercial Banks Industry155th out of 181 stocks 1.1 Analyst's Opinion Consensus RatingMercantile Bank has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageMercantile Bank has only been the subject of 3 research reports in the past 90 days.Read more about Mercantile Bank's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.75% of the float of Mercantile Bank has been sold short.Short Interest Ratio / Days to CoverMercantile Bank has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Mercantile Bank has recently increased by 42.45%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldMercantile Bank pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMercantile Bank has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 27.13%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mercantile Bank will have a dividend payout ratio of 31.46% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MBWM. Previous Next 2.4 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Mercantile Bank this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have sold 4,935.30% more of their company's stock than they have bought. Specifically, they have bought $5,008.00 in company stock and sold $252,168.00 in company stock.Percentage Held by InsidersOnly 3.08% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions58.63% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mercantile Bank's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -7.48% in the coming year, from $4.81 to $4.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 9.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 9.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.18.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mercantile Bank's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchGet out of cash before the Fed's next meeting"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."Click here now to watch this exclusive interview About Mercantile Bank Stock (NASDAQ:MBWM)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.Read More MBWM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MBWM Stock News HeadlinesJuly 23, 2024 | insidertrades.comRobert B. Kaminski Sells 2,000 Shares of Mercantile Bank Co. (NASDAQ:MBWM) StockJuly 23, 2024 | insidertrades.comMercantile Bank Co. (NASDAQ:MBWM) Director Robert B. Kaminski Sells 3,000 SharesJuly 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 24 at 10:00 AM | americanbankingnews.comRobert B. Kaminski Sells 3,000 Shares of Mercantile Bank Co. (NASDAQ:MBWM) StockJuly 23, 2024 | americanbankingnews.comMercantile Bank Co. (NASDAQ:MBWM) Director Robert B. Kaminski Sells 2,000 Shares of StockJuly 22, 2024 | finance.yahoo.comMercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36July 19, 2024 | msn.comMercantile Bank Corporation (NASDAQ:MBWM) Q2 2024 Earnings Call TranscriptJuly 19, 2024 | finance.yahoo.comEarnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$49.75July 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 19, 2024 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) PT Raised to $53.00 at Piper SandlerJuly 18, 2024 | gurufocus.comMercantile Bank Corp (MBWM) Q2 2024 Earnings: EPS and Revenue Beat EstimatesJuly 18, 2024 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Releases Quarterly Earnings Results, Hits EstimatesJuly 18, 2024 | americanbankingnews.comKeefe, Bruyette & Woods Reiterates Outperform Rating for Mercantile Bank (NASDAQ:MBWM)July 17, 2024 | seekingalpha.comMercantile Bank: Q2 2024 Earnings Spike The PriceJuly 16, 2024 | prnewswire.comMercantile Bank Corporation Announces Solid Second Quarter ResultsJuly 16, 2024 | prnewswire.comMercantile Bank Corporation Increases Regular Cash DividendJune 27, 2024 | prnewswire.comMercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and WebcastJune 3, 2024 | prnewswire.comMercantile Bank Corporation Implements Management Succession PlanSee More Headlines Receive MBWM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercantile Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/19 Dividend6/07/2024Dividend Payable6/19/2024Last Earnings7/16/2024Today7/26/2024Ex-Dividend for 9/18 Dividend9/06/2024Dividend Payable9/18/2024Next Earnings (Estimated)10/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees670Year Founded1997Price Target and Rating Average Stock Price Target$52.00 High Stock Price Target$53.00 Low Stock Price Target$51.00 Potential Upside/Downside+3.1%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$5.16 Trailing P/E Ratio9.78 Forward P/E Ratio10.49 P/E GrowthN/ANet Income$82.22 million Net Margins23.99% Pretax Margin31.99% Return on Equity15.80% Return on Assets1.52% Debt Debt-to-Equity Ratio1.09 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$303.50 million Price / Sales2.68 Cash Flow$6.15 per share Price / Cash Flow8.20 Book Value$32.58 per share Price / Book1.55Miscellaneous Outstanding Shares16,120,000Free Float15,624,000Market Cap$813.09 million OptionableOptionable Beta0.98 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Robert B. Kaminski Jr. (Age 62)President, CEO & Director Comp: $1.13MMr. Charles E. Christmas (Age 58)Executive VP, CFO & Treasurer Comp: $626.37kMr. Brett E. Hoover (Age 53)Executive VP & Chief Human Resource Officer Comp: $324.72kMr. Raymond E. Reitsma (Age 61)Executive VP & Director Comp: $819.64kMr. Scott P. Setlock (Age 42)Executive VP, COO & Secretary Mr. Mark S. AugustynChief Commercial Banking Officer of Mercantile BankMr. Jeff KaiserSenior VP & Head of Risk Management DepartmentMore ExecutivesKey CompetitorsMetroCity BanksharesNASDAQ:MCBSHBT FinancialNASDAQ:HBTIndependent BankNASDAQ:IBCPBusiness First BancsharesNASDAQ:BFSTCentury BancorpNASDAQ:CNBKAView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 3,324 shares on 7/26/2024Ownership: 0.749%Allspring Global Investments Holdings LLCBought 2,737 shares on 7/26/2024Ownership: 0.046%Tributary Capital Management LLCBought 753 shares on 7/25/2024Ownership: 1.541%LaFleur & Godfrey LLCSold 293 shares on 7/23/2024Ownership: 0.221%Robert B KaminskiSold 2,000 sharesTotal: $96,020.00 ($48.01/share)View All Insider TransactionsView All Institutional Transactions MBWM Stock Analysis - Frequently Asked Questions How have MBWM shares performed this year? Mercantile Bank's stock was trading at $40.38 at the beginning of the year. Since then, MBWM shares have increased by 24.9% and is now trading at $50.44. View the best growth stocks for 2024 here. How were Mercantile Bank's earnings last quarter? Mercantile Bank Co. (NASDAQ:MBWM) announced its earnings results on Tuesday, July, 16th. The financial services provider reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. The financial services provider had revenue of $88.56 million for the quarter, compared to analysts' expectations of $56.23 million. Mercantile Bank had a net margin of 23.99% and a trailing twelve-month return on equity of 15.80%. 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. Who are Mercantile Bank's major shareholders? Top institutional shareholders of Mercantile Bank include Tributary Capital Management LLC (1.54%), Bank of New York Mellon Corp (0.75%), Assenagon Asset Management S.A. (0.29%) and LaFleur & Godfrey LLC (0.22%). Insiders that own company stock include Michael H Price, Robert B Kaminski, David B Ramaker, Nelson F Sanchez, Lonna Wiersma and Robert T Worthington. View institutional ownership trends. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Mercantile Bank own? Based on aggregate information from My MarketBeat watchlists, some other companies that Mercantile Bank investors own include Macatawa Bank (MCBC), Exxon Mobil (XOM), JPMorgan Chase & Co. 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