S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NASDAQ:MBWM

Mercantile Bank - MBWM Stock Forecast, Price & News

$34.62
-0.16 (-0.46%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$34.42
$34.79
50-Day Range
$30.86
$35.72
52-Week Range
$29.10
$40.01
Volume
28,700 shs
Average Volume
42,499 shs
Market Capitalization
$548.48 million
P/E Ratio
10.96
Dividend Yield
3.58%
Price Target
$42.50

Mercantile Bank MarketRank™ Forecast

Analyst Rating
Strong Buy
3.50 Rating Score
Upside/​Downside
22.8% Upside
$42.50 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
19.05%
From $3.57 to $4.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Finance Sector

354th out of 1,176 stocks

State Commercial Banks Industry

63rd out of 214 stocks

MBWM stock logo

About Mercantile Bank (NASDAQ:MBWM) Stock

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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised Mercantile Bank from a "market perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a research report on Thursday, July 28th.

Mercantile Bank Stock Down 0.5 %

MBWM Stock traded down $0.16 on Friday, reaching $34.62. 28,734 shares of the company traded hands, compared to its average volume of 30,543. Mercantile Bank has a one year low of $29.10 and a one year high of $40.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $548.38 million, a P/E ratio of 10.96 and a beta of 0.97. The firm has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $34.38.

Mercantile Bank (NASDAQ:MBWM - Get Rating) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Mercantile Bank had a return on equity of 11.85% and a net margin of 25.79%. The business had revenue of $42.07 million for the quarter, compared to the consensus estimate of $42.37 million. During the same period last year, the business posted $1.12 EPS. Research analysts anticipate that Mercantile Bank will post 3.57 earnings per share for the current year.

Mercantile Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.70%. This is an increase from Mercantile Bank's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, September 1st. Mercantile Bank's dividend payout ratio (DPR) is currently 39.24%.

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MBWM Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Mercantile Bank Corp - Stock Quote MBWM
MUST WATCH: Unusual 3-second financial maneuver
In 2020, Jeff Clark revealed how to use a unique 3-second transaction…To get Starbucks to pay for his morning coffee. Now, he’s revealing a new 3-second transaction…
Mercantile Bank passes these three dividend tests
Mercantile Bank (MBWM) Surpasses Q1 Earnings Estimates
Mercantile Bank declares $0.31 dividend
Here's what to expect from Mercantile Bank's earnings
Mercantile Bank Corporation Common Stock (MBWM)
Best Income Stocks to Buy for February 7th
See More Headlines
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MBWM Company Calendar

Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Last Earnings
7/19/2022
Today
8/08/2022
Ex-Dividend for 9/14 Dividend
9/01/2022
Dividend Payable
9/14/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:MBWM
CUSIP
58737610
Employees
630
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$42.50
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$59.02 million
Pretax Margin
35.83%

Debt

Sales & Book Value

Annual Sales
$199.71 million
Cash Flow
$4.84 per share
Book Value
$29.14 per share

Miscellaneous

Free Float
15,266,000
Market Cap
$548.48 million
Optionable
Optionable
Beta
0.97

Social Links















MBWM Stock - Frequently Asked Questions

Should I buy or sell Mercantile Bank stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" Mercantile Bank stock.
View analyst ratings for Mercantile Bank
or view top-rated stocks.

What is Mercantile Bank's stock price forecast for 2022?

2 brokerages have issued twelve-month price objectives for Mercantile Bank's stock. Their MBWM stock forecasts range from $41.00 to $44.00. On average, they anticipate Mercantile Bank's stock price to reach $42.50 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts' price targets for Mercantile Bank
or view top-rated stocks among Wall Street analysts.

How has Mercantile Bank's stock performed in 2022?

Mercantile Bank's stock was trading at $35.03 at the start of the year. Since then, MBWM shares have decreased by 1.2% and is now trading at $34.62.
View the best growth stocks for 2022 here
.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our earnings forecast for Mercantile Bank
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) released its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The financial services provider earned $42.07 million during the quarter, compared to the consensus estimate of $42.37 million. Mercantile Bank had a net margin of 25.79% and a trailing twelve-month return on equity of 11.85%. During the same period last year, the business earned $1.12 earnings per share.

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

Mercantile Bank declared a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, September 2nd will be given a dividend of $0.32 per share on Wednesday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, September 1st. This is an increase from Mercantile Bank's previous quarterly dividend of $0.31.
View Mercantile Bank's dividend history
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank(NASDAQ:MBWM) pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.58%. Mercantile Bank has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Mercantile Bank is 39.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 29.18% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

What is Bob Kaminski's approval rating as Mercantile Bank's CEO?

1 employees have rated Mercantile Bank CEO Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among Mercantile Bank's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Mercantile Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC).

What is Mercantile Bank's stock symbol?

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

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (2.05%), North Star Asset Management Inc. (1.84%), jvl associates llc (0.43%), Victory Capital Management Inc. (0.24%), Envestnet Asset Management Inc. (0.20%) and Assenagon Asset Management S.A. (0.20%). Company insiders that own Mercantile Bank stock include Lonna Wiersma, Michael H Price and Robert T Worthington.
View institutional ownership trends for Mercantile Bank
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $34.62.

How much money does Mercantile Bank make?

Mercantile Bank (NASDAQ:MBWM) has a market capitalization of $548.38 million and generates $199.71 million in revenue each year. The financial services provider earns $59.02 million in net income (profit) each year or $3.16 on an earnings per share basis.

How many employees does Mercantile Bank have?

Mercantile Bank employs 630 workers across the globe.

When was Mercantile Bank founded?

Mercantile Bank was founded in 1997.

How can I contact Mercantile Bank?

Mercantile Bank's mailing address is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. The official website for Mercantile Bank is www.mercbank.com. The financial services provider can be reached via phone at (616) 406-3000, via email at cchristmas@mercbank.com, or via fax at 616-406-3737.

This page (NASDAQ:MBWM) was last updated on 8/8/2022 by MarketBeat.com Staff

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