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NASDAQ:MBWM - Mercantile Bank Stock Price, Forecast & News

$35.28
+0.24 (+0.68 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$35.10
Now: $35.28
$35.60
50-Day Range
$34.71
MA: $35.39
$36.32
52-Week Range
$26.40
Now: $35.28
$36.69
Volume40,200 shs
Average Volume35,561 shs
Market Capitalization$576.33 million
P/E Ratio13.94
Dividend Yield3.08%
Beta0.84
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. Read More…

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$160.99 million
Cash Flow$3.12 per share
Book Value$22.61 per share

Profitability

Net Income$42.02 million

Miscellaneous

Employees631
Market Cap$576.33 million
Next Earnings Date1/28/2020 (Estimated)
OptionableOptionable

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

What is Mercantile Bank's stock symbol?

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

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

Mercantile Bank declared a quarterly dividend on Tuesday, October 15th. Stockholders of record on Friday, December 6th will be given a dividend of $0.27 per share on Wednesday, December 18th. This represents a $1.08 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 5th. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, October, 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.14. The financial services provider earned $38.28 million during the quarter, compared to the consensus estimate of $36.69 million. Mercantile Bank had a return on equity of 11.39% and a net margin of 26.36%. View Mercantile Bank's Earnings History.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Mercantile Bank.

What price target have analysts set for MBWM?

1 brokerages have issued 1-year target prices for Mercantile Bank's shares. Their forecasts range from $36.50 to $36.50. On average, they expect Mercantile Bank's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation for Mercantile Bank?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantile Bank.

Has Mercantile Bank been receiving favorable news coverage?

Media coverage about MBWM stock has trended very positive recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercantile Bank earned a news impact score of 4.0 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Mercantile Bank.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a increase in short interest in November. As of November 15th, there was short interest totalling 246,300 shares, an increase of 18.1% from the October 31st total of 208,600 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 6.3 days. Approximately 1.6% 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), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), News (NWSA), AmerisourceBergen (ABC), salesforce.com (CRM), Exxon Mobil (XOM), Vitalhub (VHI), Aspen Technology (AZPN) and Blueprint Medicines (BPMC).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the folowing 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)

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (2.31%), State Street Corp (2.11%), North Star Asset Management Inc. (1.61%), LaFleur & Godfrey LLC (0.39%), First Trust Advisors LP (0.35%) and California Public Employees Retirement System (0.25%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price, Robert T Worthington and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.

Which major investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Tributary Capital Management LLC, Barclays PLC, First National Bank of Omaha, Norris Perne & French LLP MI, Strs Ohio and Envestnet Asset Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Michael H Price and Robert T Worthington. View Insider Buying and Selling for Mercantile Bank.

Which major investors are buying Mercantile Bank stock?

MBWM stock was bought by a variety of institutional investors in the last quarter, including LaFleur & Godfrey LLC, Campbell & CO Investment Adviser LLC, Chicago Equity Partners LLC, Bailard Inc., California Public Employees Retirement System, First Trust Advisors LP, Russell Investments Group Ltd. and State Street Corp. View Insider Buying and Selling for Mercantile Bank.

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 $35.28.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $576.33 million and generates $160.99 million in revenue each year. The financial services provider earns $42.02 million in net income (profit) each year or $2.53 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]


MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  328 (Vote Underperform)
Total Votes:  575
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank and other stocks. Vote "Outperform" if you believe MBWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/7/2019 by MarketBeat.com Staff

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