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NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News

$19.11
-1.04 (-5.16 %)
(As of 04/6/2020 08:44 AM ET)
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Today's Range
$18.64
Now: $19.11
$20.04
50-Day Range
$19.11
MA: $26.37
$33.44
52-Week Range
$18.64
Now: $19.11
$37.32
Volume54,765 shs
Average Volume78,862 shs
Market Capitalization$312.07 million
P/E Ratio6.35
Dividend Yield5.86%
Beta1.15
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 40 automated teller machines. The company operates 46 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.29 million
Cash Flow$3.17 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$312.07 million
Next Earnings Date4/21/2020 (Confirmed)
OptionableOptionable

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

How has Mercantile Bank's stock been impacted by COVID-19 (Coronavirus)?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MBWM stock has decreased by 19.3% and is now trading at $19.11. View which stocks have been mosted impacted by Coronavirus.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for Mercantile Bank.

How can I listen to Mercantile Bank's earnings call?

Mercantile Bank will be holding an earnings conference call on Tuesday, April 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The financial services provider earned $38.48 million during the quarter, compared to analysts' expectations of $36.40 million. Mercantile Bank had a net margin of 26.69% and a return on equity of 10.92%. View Mercantile Bank's earnings history.

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

Mercantile Bank announced a quarterly dividend on Tuesday, January 21st. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share on Wednesday, March 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Thursday, March 5th. This is an increase from Mercantile Bank's previous quarterly dividend of $0.27. View Mercantile Bank's dividend history.

Has Mercantile Bank been receiving favorable news coverage?

Media headlines about MBWM stock have trended very negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercantile Bank earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutMercantile Bank.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a increase in short interest in March. As of March 13th, there was short interest totaling 228,100 shares, an increase of 19.5% from the February 27th total of 190,800 shares. Based on an average daily volume of 57,200 shares, the short-interest ratio is currently 4.0 days. Currently, 1.5% of the company's stock are sold short. View Mercantile Bank's Current Options Chain.

Who are some of Mercantile Bank's key competitors?

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), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), News (NWSA), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ) and Mercury General (MCY).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following people:
  • Mr. Robert B. Kaminski Jr., Pres, CEO & Director (Age 57)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 53)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 44)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director
  • Mr. Raymond E. Reitsma, Sr. VP (Age 56)

What is Mercantile Bank's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $19.11.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $312.07 million and generates $185.29 million in revenue each year. The financial services provider earns $49.46 million in net income (profit) each year or $2.57 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe. View additional information about Mercantile Bank.

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]

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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