NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $58.97 -0.15 (-0.25%) As of 12:53 PM Eastern This is a fair market value price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Mercantile Bank Stock (NASDAQ:MBWM) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get Mercantile Bank alerts:Sign Up Key Stats Today's Range$58.76▼$59.1550-Day Range$57.18▼$62.1452-Week Range$42.75▼$62.95Volume24,768 shsAverage Volume118,132 shsMarket Capitalization$1.02 billionP/E Ratio10.39Dividend Yield2.71%Price Target$62.00Consensus RatingModerate Buy Company Overview Mercantile Bank Corporation is a bank holding company headquartered in Grand Rapids, Michigan. Through its principal subsidiary, Mercantile Bank, the company provides banking and financial services to businesses, individuals and organizations. The bank’s offerings include commercial and industrial lending, commercial real estate financing, construction loans, residential mortgage loans and consumer credit. It also provides deposit accounts, treasury and cash-management services, online and mobile banking, and other financial services designed to support business and personal banking needs. Founded in 1997, Mercantile Bank has developed a community-oriented banking model focused primarily on commercial relationships and local markets. The company operates through a network of full-service banking offices serving communities across Michigan and select markets in Ohio.AI Generated. May Contain Errors. Read More Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks72nd Percentile Overall ScoreMBWM MarketRank™: Mercantile Bank scored higher than 72% of companies evaluated by MarketBeat, and ranked 398th out of 835 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.7 / 5Analyst RatingModerate Buy Consensus RatingMercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no strong buy ratings, 3 buy ratings, 3 hold ratings, and no sell ratings.Upside/DownsideThe consensus price target for Mercantile Bank is close to its current price, suggesting limited near-term upside or downside.Amount of Analyst CoverageMercantile Bank has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Mercantile Bank's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth2.46% Earnings GrowthEarnings for Mercantile Bank are expected to grow by 2.46% in the coming year, from $5.69 to $5.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 10.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 10.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.25.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.40. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted3.08% 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 6.19.Change versus previous monthShort interest in Mercantile Bank has recently increased by 16.89%, indicating that investor sentiment is decreasing significantly. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldMercantile Bank pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMercantile Bank has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 28.17%. 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 27.44% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. News and Social Media2.8 / 5News Sentiment0.51 News SentimentMercantile Bank has a news sentiment score of 0.51. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Mercantile Bank this week, compared to 2 articles on an average week.Search Interest1 people have searched for MBWM on MarketBeat in the last 30 days. Company Ownership0.8 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have not sold or bought any company stock.Percentage Held by Insiders2.50% 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. 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. Submit View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. 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MBWM Stock News HeadlinesMercantile Bank Corporation (NASDAQ:MBWM) Receives Average Recommendation of "Moderate Buy" from BrokeragesSeptember 23 at 4:59 AM | americanbankingnews.comFinancial Contrast: Mercantile Bank (NASDAQ:MBWM) & Hancock Whitney (NASDAQ:HWC)September 20 at 4:28 AM | americanbankingnews.comMy top 3 AI picks for the next decadeAlexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up Amazon and Netflix under $3 per share in 2005. Now the chief investment strategist at The Oxford Club has identified three AI stocks he believes could be the most profitable investments of the next decade.September 23 at 1:00 AM | The Oxford Club (Ad)Der aktuelle Kurs der Mercantile Bank Corporation Aktie beträgt 60,32.August 27, 2026 | de.investing.comTamilnad Mercantile Bank to Open New Branch in Thiruvottiyur, Tamil NaduAugust 26, 2026 | tipranks.comMercantile Bank Corp.August 25, 2026 | money.usnews.comEarnings Beat And Higher Dividend Could Be A Game Changer For Mercantile Bank (MBWM)July 31, 2026 | finance.yahoo.comTamilnad Mercantile Bank Posts Q1 FY 2026-27 Earnings Call Transcript for InvestorsJuly 30, 2026 | tipranks.comSee More Headlines MBWM Stock Analysis - Frequently Asked Questions How have MBWM shares performed this year? Mercantile Bank's stock was trading at $48.10 at the beginning of 2026. Since then, MBWM shares have increased by 22.7% and is now trading at $58.9950. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corporation (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. The financial services provider earned $68.76 million during the quarter, compared to analysts' expectations of $68.81 million. Mercantile Bank had a trailing twelve-month return on equity of 13.66% and a net margin of 24.75%. Read the conference call transcript. Who are Mercantile Bank's major shareholders? Mercantile Bank's top institutional investors include BlackRock Inc. (8.87%), Wellington Management Group LLP (6.29%), North Star Asset Management Inc. (2.18%) and Bank of New York Mellon Corp (0.57%). Insiders that own company stock include Robert B Kaminski, Michael H Price, Shoran R Williams and Nelson F Sanchez. 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. 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 NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), e.l.f. Beauty (ELF) and Jabil (JBL). Company Calendar Last Earnings7/21/2026Record date for 9/16 Dividend9/04/2026Ex-Dividend for 9/16 Dividend9/04/2026Dividend Payable9/16/2026Today9/23/2026Next Earnings (Estimated)10/20/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Green Zone (16m+) 1-Year History Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 MBWM's financial health is in the Green zone, according to TradeSmith. MBWM has been in this zone for over 16 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Banks Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees786Year Founded1997Price Target and Rating Average Price Target for Mercantile Bank$62.00 High Price Target$65.00 Low Price Target$54.00 Potential Upside/Downside+5.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Trailing Twelve Months)$5.68 Trailing P/E Ratio10.41 Forward P/E Ratio10.37 P/E GrowthN/ANet Income$88.75 million Net Margins24.75% Pretax Margin29.10% Return on Equity13.66% Return on Assets1.46% Debt Debt-to-Equity Ratio0.59 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$371.80 million Price / Sales2.74 Cash Flow$5.44 per share Price / Cash Flow10.84 Book Value$42.19 per share Price / Book1.40Miscellaneous Outstanding Shares17,290,000Free Float16,854,000Market Cap$1.02 billion OptionableOptionable Beta0.80 Social Links 7 Stocks to Buy Before the Robotics RevolutionRobotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.Get This Free Report This page (NASDAQ:MBWM) was last updated on 9/23/2026 by MarketBeat.com Staff. 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