Mercantile Bank Corp. Company Profile (NASDAQ:MBWM)

About Mercantile Bank Corp. (NASDAQ:MBWM)

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 provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The 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. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate accounts.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:MBWM
  • CUSIP: 58737610
  • Web: www.mercbank.com
Capitalization:
  • Market Cap: $516.84 million
  • Outstanding Shares: 16,465,000
Average Prices:
  • 50 Day Moving Avg: $32.93
  • 200 Day Moving Avg: $33.71
  • 52 Week Range: $22.52 - $38.68
P/E:
  • Trailing P/E Ratio: 16.55
  • Foreward P/E Ratio: 14.47
  • P/E Growth: 2.03
Sales & Book Value:
  • Annual Revenue: $121 million
  • Price / Sales: 4.27
  • Book Value: $21.13 per share
  • Price / Book: 1.49
Dividend:
  • Annual Dividend: $0.68
  • Dividend Yield: 2.3%
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%
Misc:
  • Average Volume: 43,341 shs.
  • Beta: 0.88
  • Short Ratio: 1.96
 

Frequently Asked Questions for Mercantile Bank Corp. (NASDAQ:MBWM)

What is Mercantile Bank Corp.'s stock symbol?

Mercantile Bank Corp. trades on the NASDAQ under the ticker symbol "MBWM."

How often does Mercantile Bank Corp. pay dividends? What is the dividend yield for Mercantile Bank Corp.?

Mercantile Bank Corp. announced a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.18 per share on Wednesday, June 21st. This represents a $0.72 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, June 7th. View Mercantile Bank Corp.'s Dividend History.

How were Mercantile Bank Corp.'s earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, April, 18th. The company reported $0.46 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.03. The business earned $31.36 million during the quarter, compared to the consensus estimate of $30.64 million. Mercantile Bank Corp. had a net margin of 22.88% and a return on equity of 9.27%. View Mercantile Bank Corp.'s Earnings History.

When will Mercantile Bank Corp. make its next earnings announcement?

Mercantile Bank Corp. is scheduled to release their next quarterly earnings announcement on Monday, July, 17th 2017. View Earnings Estimates for Mercantile Bank Corp..

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

3 analysts have issued 12 month price targets for Mercantile Bank Corp.'s stock. Their forecasts range from $23.00 to $35.00. On average, they expect Mercantile Bank Corp.'s share price to reach $30.00 in the next year. View Analyst Ratings for Mercantile Bank Corp..

Who are some of Mercantile Bank Corp.'s key competitors?

Who owns Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.26%), Renaissance Technologies LLC (4.06%), Vanguard Group Inc. (3.86%), North Star Asset Management Inc. (1.95%), Tributary Capital Management LLC (1.61%) and LSV Asset Management (1.53%). Company insiders that own Mercantile Bank Corp. stock include Edward B Grant, Jeff A Gardner, Michael H Price, Samuel G Stone and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank Corp..

Who sold Mercantile Bank Corp. stock? Who is selling Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., North Star Asset Management Inc., LSV Asset Management, Martingale Asset Management L P, TIAA CREF Investment Management LLC, LVM Capital Management Ltd. MI and Goldman Sachs Group Inc.. Company insiders that have sold Mercantile Bank Corp. stock in the last year include Edward B Grant, Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank Corp..

Who bought Mercantile Bank Corp. stock? Who is buying Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Wellington Management Group LLP, Seizert Capital Partners LLC, Victory Capital Management Inc., Dimensional Fund Advisors LP, First National Bank of Omaha, Alliancebernstein L.P. and Renaissance Technologies LLC. View Insider Buying and Selling for Mercantile Bank Corp..

How do I buy Mercantile Bank Corp. stock?

Shares of Mercantile Bank Corp. 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 Corp. stock cost?

One share of Mercantile Bank Corp. stock can currently be purchased for approximately $31.39.

Analyst Ratings

Consensus Ratings for Mercantile Bank Corp. (NASDAQ:MBWM) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $30.00 (4.43% downside)

Analysts' Ratings History for Mercantile Bank Corp. (NASDAQ:MBWM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/10/2017Keefe, Bruyette & WoodsSet Price TargetHold$35.00LowView Rating Details
1/18/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
11/21/2016Hovde GroupInitiated CoverageMarket Perform$32.00N/AView Rating Details
7/22/2015Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for Mercantile Bank Corp. (NASDAQ:MBWM)
Earnings by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
Earnings History by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/17/2017        
4/18/2017Q1 2017$0.43$0.46$30.64 million$31.36 millionViewN/AView Earnings Details
1/17/2017Q416$0.46$0.49$31.34 million$31.04 millionViewN/AView Earnings Details
10/18/2016Q316$0.46$0.48$30.72 million$31.73 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$29.06 million$32.97 millionViewListenView Earnings Details
1/19/2016Q415$0.39$0.40$28.83 million$29.71 millionViewListenView Earnings Details
10/20/2015Q315$0.40$0.45$28.69 million$29.90 millionViewListenView Earnings Details
7/21/2015Q215$0.39$0.39$28.48 million$29.06 millionViewListenView Earnings Details
4/21/2015Q1$0.38$0.39$28.16 million$28.54 millionViewN/AView Earnings Details
1/20/2015Q414$0.40$0.38$29.10 million$28.51 millionViewN/AView Earnings Details
10/21/2014Q3$0.41$0.40$28.85 million$28.89 millionViewListenView Earnings Details
7/22/2014Q214$0.41$0.34$22.66 million$17.82 millionViewN/AView Earnings Details
4/22/2014Q114$0.41$0.41$18.36 million$12.57 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)
2017 EPS Consensus Estimate: $1.81
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
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$0.48$0.48$0.48
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Mercantile Bank Corp. (NASDAQ:MBWM)
Next Dividend:6/21/2017
Annual Dividend:$0.68
Dividend Yield:2.17%
Payout Ratio:34.87% (Trailing 12 Months of Earnings)
35.60% (Based on This Year's Estimates)
31.34% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Dividend History by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/18/2017quarterly$0.182.16%6/7/20176/9/20176/21/2017
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 and Institutional Ownership History for Mercantile Bank Corp. (NASDAQ:MBWM)
Insider Ownership Percentage: 3.44%
Institutional Ownership Percentage: 47.97%
Insider Trades by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
Institutional Ownership by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
Insider Trades by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/25/2017Michael H PriceChairmanSell9,535$35.04$334,106.40View SEC Filing  
3/2/2017Thomas R SullivanDirectorSell7,000$33.38$233,660.00View SEC Filing  
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

Headline Trends for Mercantile Bank Corp. (NASDAQ:MBWM)
Latest Headlines for Mercantile Bank Corp. (NASDAQ:MBWM)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Mercantile Bank Corp. : May 19, 2017
finance.yahoo.com - May 19 at 6:31 PM
finance.yahoo.com logoMercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 18, 2017
finance.yahoo.com - May 19 at 10:57 AM
americanbankingnews.com logo$31.16 Million in Sales Expected for Mercantile Bank Corp. (MBWM) This Quarter
www.americanbankingnews.com - May 13 at 10:02 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Expected to Post Earnings of $0.44 Per Share
www.americanbankingnews.com - May 11 at 8:44 AM
finance.yahoo.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : May 9, 2017
finance.yahoo.com - May 9 at 11:52 AM
americanbankingnews.com logoVery Positive Press Coverage Extremely Likely to Affect Mercantile Bank Corp. (MBWM) Stock Price
www.americanbankingnews.com - May 2 at 8:52 AM
americanbankingnews.com logoFavorable News Coverage Likely to Impact Mercantile Bank Corp. (MBWM) Stock Price
www.americanbankingnews.com - April 29 at 9:15 PM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Short Interest Down 3.3% in April
www.americanbankingnews.com - April 27 at 12:12 PM
americanbankingnews.com logoMichael H. Price Sells 9,535 Shares of Mercantile Bank Corp. (MBWM) Stock
www.americanbankingnews.com - April 26 at 8:44 PM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Receives Media Sentiment Rating of 0.56
www.americanbankingnews.com - April 26 at 11:33 AM
americanbankingnews.com logoZacks Investment Research Lowers Mercantile Bank Corp. (MBWM) to Hold
www.americanbankingnews.com - April 22 at 2:51 PM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Expected to Announce Quarterly Sales of $31.16 Million
www.americanbankingnews.com - April 22 at 9:35 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Receives Daily Media Impact Score of 0.44
www.americanbankingnews.com - April 22 at 8:06 AM
americanbankingnews.com logoFY2017 Earnings Estimate for Mercantile Bank Corp. (MBWM) Issued By FIG Partners
www.americanbankingnews.com - April 21 at 1:15 PM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Expected to Post Earnings of $0.45 Per Share
www.americanbankingnews.com - April 20 at 7:39 AM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 18-Apr-17 2:00pm GMT
finance.yahoo.com - April 19 at 10:40 AM
finance.yahoo.com logoMercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : April 19, 2017
finance.yahoo.com - April 19 at 10:40 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Getting Very Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 19 at 10:29 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Posts Earnings Results
www.americanbankingnews.com - April 19 at 9:55 AM
finance.yahoo.com logoMercantile Bank Corporation Reports Strong First Quarter 2017 Results
finance.yahoo.com - April 18 at 5:52 PM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Announces $0.18 Quarterly Dividend
www.americanbankingnews.com - April 18 at 5:16 PM
nasdaq.com logoMercantile Bank Corporation Declares Second Quarter Cash Dividend
www.nasdaq.com - April 18 at 10:32 AM
marketbeat.com logoMercantile Bank posts 1Q profit
marketbeat.com - April 18 at 6:52 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Earns Daily Coverage Optimism Score of 0.44
www.americanbankingnews.com - April 16 at 11:25 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Analysts Give Mercantile Bank Corp. (MBWM) a $35.00 Price Target
www.americanbankingnews.com - April 14 at 10:04 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Getting Very Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 13 at 8:25 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Given a $35.00 Price Target by Keefe, Bruyette & Woods Analysts
www.americanbankingnews.com - April 11 at 2:45 PM
finance.yahoo.com logoMercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : April 6, 2017
finance.yahoo.com - April 7 at 11:03 AM
finance.yahoo.com logoMercantile Bank Corporation Announces First Quarter 2017 Results Conference Call and Webcast
finance.yahoo.com - April 4 at 8:56 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - March 28 at 7:32 AM
americanbankingnews.com logoMercantile Bank Corp. (MBWM) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 23 at 12:58 AM
finance.yahoo.com logoMercantile Bank Names Nancy Turtle Community Bank President for Kalamazoo/Southwest Michigan Market
finance.yahoo.com - March 13 at 10:27 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 6 at 5:59 PM
finance.yahoo.com logoMercantile Bank To Open Southeast Michigan Office
finance.yahoo.com - February 27 at 6:11 PM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - February 27 at 6:11 PM
seekingalpha.com logoMercantile Bank Whiffs In Q4: Avoid
seekingalpha.com - February 20 at 5:49 PM
us.rd.yahoo.com logo6:02 am Mercantile Bank increases quarterly dividend to $0.18/share from $0.17/share
us.rd.yahoo.com - January 17 at 11:50 PM
sg.finance.yahoo.com logoMercantile Bank posts 4Q profit
us.rd.yahoo.com - January 17 at 11:50 PM
biz.yahoo.com logoQ4 2016 Mercantile Bank Corp Earnings Release - Before Market Open
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
finance.yahoo.com - January 17 at 11:50 PM
bizjournals.com logoMercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2016 Results
www.bizjournals.com - January 17 at 11:52 AM
finance.yahoo.com logoMercantile Bank Corporation Increases Regular Cash Dividend
finance.yahoo.com - January 17 at 11:52 AM
seekingalpha.com logoMercantile Bank beats by $0.03, misses on revenue
seekingalpha.com - January 17 at 6:22 AM
seekingalpha.com logoMercantile Bank Corporation: Don't Let Its Lackluster Third Quarter Fool You
seekingalpha.com - December 31 at 9:20 AM
biz.yahoo.com logoMERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - December 15 at 7:06 PM
us.rd.yahoo.com logoMercantile Bank downgraded by Keefe Bruyette
us.rd.yahoo.com - November 30 at 11:11 AM
finance.yahoo.com logoCoverage initiated on Mercantile Bank by Hovde Group
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
biz.yahoo.com - November 18 at 5:41 PM
seekingalpha.com logoMercantile Bank Shows Strong Growth From Q3 Earnings
seekingalpha.com - October 26 at 6:06 PM
finance.yahoo.com logoEdited Transcript of MBWM earnings conference call or presentation 18-Oct-16 2:00pm GMT
finance.yahoo.com - October 19 at 11:00 AM

Social

Chart

Mercantile Bank Corp. (MBWM) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff