NASDAQ:MBWM - Mercantile Bank Stock Price, Price Target & More

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

Mercantile Bank declared a quarterly dividend on Wednesday, July 18th. Stockholders of record on Friday, September 7th will be given a dividend of $0.24 per share on Wednesday, September 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 6th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.22. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, July, 17th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.57. The financial services provider had revenue of $33.78 million for the quarter, compared to the consensus estimate of $33.87 million. Mercantile Bank had a return on equity of 10.02% and a net margin of 23.91%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Mercantile Bank.

4 Wall Street analysts have issued twelve-month target prices for Mercantile Bank's shares. Their forecasts range from $35.00 to $41.00. On average, they anticipate Mercantile Bank's stock price to reach $37.50 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price. View Analyst Ratings for Mercantile Bank.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Mercantile Bank include Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), United Community Banks (UCBI), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Renasant (RNST), Independent Bank (INDB), Hilltop (HTH), Eagle Bancorp (EGBN), Banner (BANR), Ameris Bancorp (ABCB), Independent Bank Group (IBTX), Heartland Financial USA (HTLF), Pacific Premier Bancorp (PPBI) and First Bancorp (FBP).

News stories about MBWM stock have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mercantile Bank earned a daily sentiment score of 0.13 on Accern's scale. They also gave headlines about the financial services provider an impact score of 46.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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, Scottrade, Fidelity and Charles Schwab.

One share of MBWM stock can currently be purchased for approximately $36.20.

Mercantile Bank has a market capitalization of $608.32 million and generates $144.54 million in revenue each year. The financial services provider earns $31.27 million in net income (profit) each year or $1.89 on an earnings per share basis. Mercantile Bank employs 584 workers across the globe.

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]