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DOW   31,928.62
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S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24
S&P 500   3,941.48
DOW   31,928.62
QQQ   287.24

Mercantile Bank (MBWM) Stock Forecast, Price & News

$31.40
+0.27 (+0.87%)
(As of 05/24/2022 04:00 PM ET)
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Today's Range
$30.76
$31.45
50-Day Range
$30.41
$37.33
52-Week Range
$28.51
$40.01
Volume
31,860 shs
Average Volume
46,504 shs
Market Capitalization
$497.47 million
P/E Ratio
8.87
Dividend Yield
3.98%
Beta
1
30 days | 90 days | 365 days | Advanced Chart
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Mercantile Bank logo

About Mercantile Bank

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.

Headlines

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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

Sales & Book Value

Annual Sales
$199.71 million
Cash Flow
$5.00 per share
Book Value
$27.55 per share

Profitability

Net Income
$59.02 million
Pretax Margin
35.83%

Debt

Price-To-Earnings

Miscellaneous

Free Float
15,266,000
Market Cap
$497.47 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/16 Dividend
3/03/2022
Dividend Payable
3/16/2022
Last Earnings
4/19/2022
Today
5/25/2022
Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Next Earnings (Estimated)
7/19/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.70 out of 5 stars

Finance Sector

305th out of 1,379 stocks

State Commercial Banks Industry

74th out of 240 stocks

Analyst Opinion: 2.0Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -













Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

Is Mercantile Bank a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 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.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 19th 2022.
View our earnings forecast for Mercantile Bank
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) issued its quarterly earnings data on Tuesday, April, 19th. The financial services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The financial services provider earned $40.16 million during the quarter, compared to analyst estimates of $42.30 million. Mercantile Bank had a net margin of 28.62% and a trailing twelve-month return on equity of 13.24%. During the same period in the prior year, the company earned $0.87 earnings per share.
View Mercantile Bank's earnings history
.

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

Mercantile Bank declared a quarterly dividend on Wednesday, April 20th. Investors of record on Friday, June 3rd will be given a dividend of $0.31 per share on Wednesday, June 15th. This represents a $1.24 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Mercantile Bank's dividend history
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.98%. MBWM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 35.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 34.16% 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 analysts have issued 12-month target prices for Mercantile Bank's shares. Their forecasts range from $44.00 to $44.00. On average, they anticipate Mercantile Bank's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 40.1% from the stock's current price.
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:
  • Mr. Robert B. Kaminski Jr., Pres, CEO & Director (Age 60, Pay $860.15k)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 56, Pay $571.68k)
  • Mr. Raymond E. Reitsma, Exec. VP & COO (Age 59, Pay $650.26k)
  • Mr. Robert T. Worthington, Sr. VP, Chief Risk Officer, Gen. Counsel & Sec. (Age 47, Pay $356.33k) (LinkedIn Profile)
  • Mr. Brett Hoover, Human Resource Director & Sr. VP (Age 51)
  • Mr. Mark S. Augustyn, Sr. VP & Chief Lending Officer of Mercantile Bank of Michigan
  • Mr. Jeff Kaiser, Sr. VP & Head of Risk Management Department
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.52%), Dimensional Fund Advisors LP (7.28%), Vanguard Group Inc. (4.83%), Renaissance Technologies LLC (4.22%), Banc Funds Co. LLC (3.09%) and State Street Corp (2.70%). Company insiders that own Mercantile Bank stock include Lonna Wiersma and Robert T Worthington.
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 Charles Schwab Investment Management Inc., BlackRock Inc., JPMorgan Chase & Co., Fifth Third Bancorp, Renaissance Technologies LLC, Bank of New York Mellon Corp, Victory Capital Management Inc., and Cornercap Investment Counsel Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Lonna Wiersma, and Robert T Worthington.
View insider buying and selling activity for Mercantile Bank
or view top insider-selling stocks.

Which major investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Vanguard Group Inc., Banc Funds Co. LLC, Invesco Ltd., Royal Bank of Canada, American Century Companies Inc., Tributary Capital Management LLC, and Financial Counselors Inc..
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 $31.40.

How much money does Mercantile Bank make?

Mercantile Bank has a market capitalization of $497.47 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 $3.539990 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.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is 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, via email at [email protected], or via fax at 616-406-3737.

This page was last updated on 5/25/2022 by MarketBeat.com Staff

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