NASDAQ:MBWM

Mercantile Bank Stock Forecast, Price & News

$29.31
+0.01 (+0.03 %)
(As of 09/21/2021 12:00 AM ET)
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Today's Range
$29.11
$29.61
50-Day Range
$29.15
$33.09
52-Week Range
$17.09
$34.47
Volume27,680 shs
Average Volume46,779 shs
Market Capitalization$465.82 million
P/E Ratio8.33
Dividend Yield4.10%
Beta1.14
30 days | 90 days | 365 days | Advanced Chart
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Mercantile Bank logo

About Mercantile Bank

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

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MarketRank

Overall MarketRank

2.08 out of 5 stars

Finance Sector

586th out of 1,332 stocks

State Commercial Banks Industry

127th out of 232 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

Is Mercantile Bank a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Mercantile Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBWM, but not buy additional shares or sell existing shares.
View analyst ratings for Mercantile Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Mercantile Bank?

Wall Street analysts have given Mercantile Bank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mercantile Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 151,700 shares, a drop of 25.7% from the August 15th total of 204,300 shares. Based on an average daily trading volume, of 45,400 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.0% of the shares of the company are sold short.
View Mercantile Bank's Short Interest
.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Mercantile Bank
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) posted its quarterly earnings results on Monday, July, 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.34. The financial services provider had revenue of $45.43 million for the quarter, compared to the consensus estimate of $41.40 million. Mercantile Bank had a net margin of 28.63% and a trailing twelve-month return on equity of 13.18%.
View Mercantile Bank's earnings history
.

How has Mercantile Bank's stock price been impacted by Coronavirus?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MBWM shares have increased by 23.8% and is now trading at $29.31.
View which stocks have been most impacted by COVID-19
.

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

Mercantile Bank announced a quarterly dividend on Tuesday, July 20th. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.30 per share on Wednesday, September 15th. This represents a $1.20 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, September 2nd. This is an increase from Mercantile Bank's previous quarterly dividend of $0.29.
View Mercantile Bank's dividend history
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.10%. MBWM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mercantile Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Mercantile Bank is 43.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 45.80% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

What price target have analysts set for MBWM?

1 brokerages have issued 12 month price targets for Mercantile Bank's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Mercantile Bank's stock price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 31.8%.
View analysts' price targets for Mercantile Bank
or view top-rated stocks among Wall Street analysts.

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following people:
  • Robert B. Kaminski, President, Chief Executive Officer & Director
  • Robert T. Worthington, COO, Secretary, General Counsel & Senior VP
  • Charles E. Christmas, Chief Financial Officer, Treasurer & Executive VP
  • Raymond E. Reitsma, Executive Vice President
  • Lonna L. Wiersma, Senior VP & Director-Human Resources

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.

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), 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.91%), Dimensional Fund Advisors LP (7.47%), Vanguard Group Inc. (4.79%), Renaissance Technologies LLC (4.76%), Banc Funds Co. LLC (3.45%) and State Street Corp (2.05%). Company insiders that own Mercantile Bank stock include Michael H Price and Robert T Worthington.
View institutional ownership trends for Mercantile Bank
.

Which institutional investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, BlackRock Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., California Public Employees Retirement System, Dimensional Fund Advisors LP, Royal Bank of Canada, and Banc Funds Co. LLC.
View insider buying and selling activity for Mercantile Bank
or view top insider-selling stocks.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management LLC, Charles Schwab Investment Management Inc., Regal Investment Advisors LLC, AQR Capital Management LLC, Millennium Management LLC, Hotchkis & Wiley Capital Management LLC, First Trust Advisors LP, and Morgan Stanley.
View insider buying and selling activity for Mercantile Bank
or or view top insider-buying stocks.

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 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 $29.31.

How much money does Mercantile Bank make?

Mercantile Bank has a market capitalization of $465.82 million and generates $193.49 million in revenue each year. The financial services provider earns $44.14 million in net income (profit) each year or $2.78 on an earnings per share basis.

How many employees does Mercantile Bank have?

Mercantile Bank employs 621 workers across the globe.

When was Mercantile Bank founded?

Mercantile Bank was founded in 1997.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is www.mercbank.com.

Where are Mercantile Bank's headquarters?

Mercantile Bank is headquartered at 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504.

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 9/22/2021 by MarketBeat.com Staff
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