Mercantile Bank Corp. Company Profile (NASDAQ:MBWM)

About Mercantile Bank Corp.

Mercantile Bank Corp. 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: $26.37
  • 50 Day Moving Average: $25.50
  • 200 Day Moving Average: $23.96
  • 52-Week Range: $19.27 - $26.98
  • Trailing P/E Ratio: 14.49
  • Foreward P/E Ratio: 13.73
  • P/E Growth: 1.74
  • Market Cap: $429.28M
  • Outstanding Shares: 16,279,000
  • Beta: 1.07
Additional Links:
Companies Related to Mercantile Bank Corp.:

Analyst Ratings

Consensus Ratings for Mercantile Bank Corp. (NASDAQ:MBWM) (?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $24.50 (7.09% downside)

Analysts' Ratings History for Mercantile Bank Corp. (NASDAQ:MBWM)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016Raymond James Financial Inc.UpgradeMarket Perform -> Outperform$23.00View Rating Details
11/12/2015Keefe, Bruyette & WoodsBoost Price TargetOutperform$25.00 -> $26.00View Rating Details
7/22/2015Sandler O'NeillDowngradeBuy -> HoldView Rating Details
1/20/2015FIG PartnersDowngradeOutperform -> Market PerformView Rating Details
(Data available from 8/30/2014 forward)

Earnings

Earnings History for Mercantile Bank Corp. (NASDAQ:MBWM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/18/2016        
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 Corp. (NASDAQ:MBWM)
Current Year EPS Consensus Estimate: $1.88 EPS
Next Year EPS Consensus Estimate: $1.92 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$0.44$0.44$0.44
Q2 20171$0.46$0.46$0.46
Q3 20171$0.49$0.49$0.49
Q4 20171$0.50$0.50$0.50
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mercantile Bank Corp. (NASDAQ:MBWM)
Annual Dividend:$0.64
Dividend Yield:2.43%
Payout Ratio:34.97% (Based on Trailing 12 Months of Earnings)
34.04% (Based on Current Year Consensus EPS Estimate)
33.33% (Based on Next Year Consensus EPS Estimate)

Dividend History for Mercantile Bank Corp. (NASDAQ:MBWM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 Corp. (NASDAQ:MBWM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 Corp. (NASDAQ:MBWM)
DateHeadline
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
4-traders.com logoMercantile Bank : posts 2Q profit (NASDAQ:MBWM)
www.4-traders.com - July 19 at 12:12 PM
finance.yahoo.com logoMercantile Bank Corporation Increases Cash Dividend (NASDAQ:MBWM)
finance.yahoo.com - July 19 at 12:12 PM
biz.yahoo.com logoQ2 2016 Mercantile Bank Corp Earnings Release - Before Market Open (NASDAQ:MBWM)
biz.yahoo.com - July 19 at 7:07 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Princi (NASDAQ:MBWM)
biz.yahoo.com - July 19 at 7:04 AM
seekingalpha.com logoMercantile Bank beats by $0.04, beats on revenue (NASDAQ:MBWM)
seekingalpha.com - July 19 at 6:19 AM
seekingalpha.com logoMercantile Bank declares $0.17 dividend (NASDAQ:MBWM)
seekingalpha.com - July 19 at 6:19 AM
sg.finance.yahoo.com logoMercantile Bank posts 2Q profit (NASDAQ:MBWM)
sg.finance.yahoo.com - July 19 at 6:06 AM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : July 11, 2016 (NASDAQ:MBWM)
www.capitalcube.com - July 11 at 8:20 AM
publicnow.com logoMercantile Bank Corporation Announces Second Quarter 2016 Results Conference Call and Webcast (NASDAQ:MBWM)
www.publicnow.com - July 1 at 8:41 AM
capitalcube.com logoMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2016 By the Numbers : June 28, 2016 (NASDAQ:MBWM)
www.capitalcube.com - June 28 at 1:15 PM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 27, 2016 (NASDAQ:MBWM)
www.capitalcube.com - June 27 at 8:36 AM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : June 16, 2016 (NASDAQ:MBWM)
www.capitalcube.com - June 16 at 8:17 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:MBWM)
biz.yahoo.com - May 26 at 4:07 PM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : May 19, 2016 (NASDAQ:MBWM)
www.capitalcube.com - May 19 at 4:01 PM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : May 18, 2016 (NASDAQ:MBWM)
www.capitalcube.com - May 18 at 8:46 AM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : May 9, 2016 (NASDAQ:MBWM)
www.capitalcube.com - May 9 at 3:37 PM
capitalcube.com logoMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:MBWM)
www.capitalcube.com - April 25 at 10:39 AM
capitalcube.com logoETF’s with exposure to Mercantile Bank Corp. : April 21, 2016 (NASDAQ:MBWM)
www.capitalcube.com - April 21 at 5:29 PM
capitalcube.com logoMercantile Bank Corp.: Leads amongst peers with strong fundamentals (NASDAQ:MBWM)
www.capitalcube.com - April 20 at 4:29 PM
capitalcube.com logoMercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : April 20, 2016 (NASDAQ:MBWM)
www.capitalcube.com - April 20 at 8:11 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K/A, Other Events, Financial Statements and Exhibits (NASDAQ:MBWM)
biz.yahoo.com - April 19 at 5:24 PM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 19-Apr-16 2:00pm GMT (NASDAQ:MBWM)
finance.yahoo.com - April 19 at 1:49 PM
feeds.benzinga.com logoMercantile Bank Q1 Profit Rises 28.8%, Tops Expectations (NASDAQ:MBWM)
feeds.benzinga.com - April 19 at 7:22 AM
biz.yahoo.com logoQ1 2016 Mercantile Bank Corp Earnings Release - Before Market Open (NASDAQ:MBWM)
biz.yahoo.com - April 19 at 7:07 AM
seekingalpha.com logoMercantile Bank beats by $0.12, beats on revenue (NASDAQ:MBWM)
seekingalpha.com - April 19 at 6:22 AM
publicnow.com logoMercantile Bank Corporation Announces Second Quarter Cash Dividend And Expansion of Stock Repurchase Program (NASDAQ:MBWM)
www.publicnow.com - April 19 at 6:15 AM
seekingalpha.com logo2016 Offers Little Hope For Growth At Mercantile Bank (NASDAQ:MBWM)
seekingalpha.com - January 27 at 1:06 PM
publicnow.com logoMercantile Repurchases $11.0 million in Trust Preferred Securities (NASDAQ:MBWM)
www.publicnow.com - January 26 at 4:32 PM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:MBWM)
biz.yahoo.com - January 26 at 4:17 PM
News IconMercantile Bank remains open to pursuing another merger (NASDAQ:MBWM)
mibiz.com - January 25 at 1:00 PM
capitalcube.com logoMercantile Bank Corp. Earnings Analysis: Q4, 2015 By the Numbers (NASDAQ:MBWM)
www.capitalcube.com - January 21 at 12:21 PM
seekingalpha.com logoMercantile Bank's (MBWM) CEO Michael Price on Q4 2015 Results - Earnings Call Transcript (NASDAQ:MBWM)
seekingalpha.com - January 19 at 7:31 PM
News IconMercantile Bank reports higher earnings for 2015 (NASDAQ:MBWM)
mibiz.com - January 19 at 12:16 PM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 19-Jan-16 3:00pm GMT (NASDAQ:MBWM)
finance.yahoo.com - January 19 at 11:42 AM
noodls.com logoMercantile Bank Corporation Reports Strong Fourth Quarter and Full Year 2015 Results (NASDAQ:MBWM)
www.noodls.com - January 19 at 7:15 AM
noodls.com logoMercantile Bank Corporation Increases Dividend (NASDAQ:MBWM)
www.noodls.com - January 19 at 7:15 AM
biz.yahoo.com logoQ4 2015 Mercantile Bank Corp Earnings Release - Before Market Open (NASDAQ:MBWM)
biz.yahoo.com - January 19 at 7:07 AM
seekingalpha.com logoMercantile Bank declares $0.16 dividend (NASDAQ:MBWM)
seekingalpha.com - January 19 at 6:38 AM
seekingalpha.com logoMercantile Bank beats by $0.01, beats on revenue (NASDAQ:MBWM)
seekingalpha.com - January 19 at 6:38 AM
sg.finance.yahoo.com logoMercantile Bank posts 4Q profit (NASDAQ:MBWM)
sg.finance.yahoo.com - January 19 at 6:23 AM
finance.yahoo.com logo6:00 am Mercantile Bank increase dividend to $0.16; previously $0.15 (NASDAQ:MBWM)
finance.yahoo.com - January 19 at 6:00 AM

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Mercantile Bank Corp. (NASDAQ:MBWM) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff