NASDAQ:MBWM - Mercantile Bank Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $31.15 -0.31 (-0.99 %) (As of 10/19/2018 04:00 PM ET)Previous Close$31.46Today's Range$31.10 - $31.8652-Week Range$31.07 - $38.47Volume28,707 shsAverage Volume35,657 shsMarket Capitalization$534.69 millionP/E Ratio16.74Dividend Yield2.98%Beta0.62 Company ProfileDiscussionAnalyst RatingsChartDividend HistoryEarnings HistoryFinancialsInsider TradesHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan. Receive MBWM News and Ratings via Email Sign-up to receive the latest news and ratings for MBWM and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance SymbolNASDAQ:MBWM CUSIP58737610 Webwww.mercbank.com Phone616-406-3000 Debt Debt-to-Equity Ratio0.74 Current Ratio1.04 Quick Ratio1.04 Price-To-Earnings Trailing P/E Ratio16.74 Forward P/E Ratio12.77 P/E Growth1.65 Sales & Book Value Annual Sales$144.54 million Price / Sales3.58 Cash Flow$2.4185 per share Price / Cash12.88 Book Value$22.05 per share Price / Book1.41 Profitability EPS (Most Recent Fiscal Year)$1.89 Net Income$31.27 million Net Margins24.66% Return on Equity10.39% Return on Assets1.17% Miscellaneous Employees584 Outstanding Shares16,610,000Market Cap$534.69 million 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 Wednesday, October 17th. Investors of record on Friday, December 7th will be given a dividend of $0.25 per share on Wednesday, December 19th. This represents a $1.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, December 6th. This is an increase from Mercantile Bank's previous quarterly dividend of $0.24. View Mercantile Bank's Dividend History. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, October, 16th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.61 by $0.00. The financial services provider had revenue of $34.55 million for the quarter, compared to the consensus estimate of $34.60 million. Mercantile Bank had a return on equity of 10.39% and a net margin of 24.66%. 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 15th 2019. View Earnings Estimates for Mercantile Bank. What price target have analysts set for MBWM? 2 brokers have issued 12-month price objectives for Mercantile Bank's shares. Their forecasts range from $37.00 to $41.00. On average, they expect Mercantile Bank's stock price to reach $38.3333 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Mercantile Bank. What is the consensus analysts' recommendation for Mercantile Bank? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantile Bank. Who are some of Mercantile Bank's key competitors? Some companies that are related to Mercantile Bank include TowneBank (TOWN), Ameris Bancorp (ABCB), United Community Banks (UCBI), Premier Financial Bancorp (PFBI), First Bancorp (FBP), Independent Bank Group (IBTX), Heartland Financial USA (HTLF), ServisFirst Bancshares (SFBS), Banner (BANR), Renasant (RNST), Hilltop (HTH), Eagle Bancorp (EGBN), First Busey (BUSE), S & T Bancorp (STBA) and Seacoast Banking Co. of Florida (SBCF). 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 56)Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 52)Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 43)Mr. Raymond E. Reitsma, Sr. VP (Age 55)Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director Who are Mercantile Bank's major shareholders? Mercantile Bank's stock is owned by many different of retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (2.06%), Tributary Capital Management LLC (1.29%) and Ramsey Quantitative Systems (0.03%). Company insiders that own Mercantile Bank stock include Edward B Grant, Edward J Clark, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank. Which institutional 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. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank. Which institutional investors are buying Mercantile Bank stock? MBWM stock was acquired by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC and Ramsey Quantitative Systems. 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, Scottrade, Fidelity and Charles Schwab. What is Mercantile Bank's stock price today? One share of MBWM stock can currently be purchased for approximately $31.15. How big of a company is Mercantile Bank? Mercantile Bank has a market capitalization of $534.69 million and generates $144.54 million in revenue each year. The financial services provider earns $31.27 million in net income (profit) each year or $1.89 on an earnings per share basis. Mercantile Bank employs 584 workers across the globe. 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 ( )Outperform Votes: 162 (Vote Outperform)Underperform Votes: 216 (Vote Underperform)Total Votes: 378MarketBeat'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 10/19/2018 by MarketBeat.com StaffFeatured Article: Does the discount rate affect the economy?