Mercantile Bank Stock Price, News & Analysis (NASDAQ:MBWM)

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

Mercantile Bank announced a quarterly dividend on Tuesday, July 16th. Investors of record on Friday, September 6th will be given a dividend of $0.27 per share on Wednesday, September 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, September 5th. This is an increase from Mercantile Bank's previous quarterly dividend of $0.26. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) announced its earnings results on Tuesday, July, 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The financial services provider earned $37.45 million during the quarter, compared to analyst estimates of $35.51 million. Mercantile Bank had a net margin of 25.97% and a return on equity of 10.95%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October 15th 2019. View Earnings Estimates for Mercantile Bank.

Mercantile Bank will be holding an earnings conference call on Tuesday, October 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

1 brokers have issued 12-month price targets for Mercantile Bank's stock. 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 10.8% from the stock's current price. View Analyst Price Targets 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.

Media headlines about MBWM stock have been trending negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mercantile Bank earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Mercantile Bank.

Mercantile Bank saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 198,100 shares, an increase of 72.3% from the August 30th total of 115,000 shares. Based on an average daily volume of 35,300 shares, the days-to-cover ratio is presently 5.6 days. Approximately 1.3% of the company's stock are sold short. View Mercantile Bank's Current Options Chain.

Some companies that are related to Mercantile Bank include Renasant (RNST), TowneBank (TOWN), Great Western Bancorp (GWB), Pacific Premier Bancorp (PPBI), Banner (BANR), ServisFirst Bancshares (SFBS), Heartland Financial USA (HTLF), Eagle Bancorp (EGBN), First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF), Veritex (VBTX), S & T Bancorp (STBA), OFG Bancorp (OFG), 1st Source (SRCE) and Southside Bancshares (SBSI).

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), Triumph Bancorp (TBK), salesforce.com (CRM), Vitalhub (VHI), Aspen Technology (AZPN), Blueprint Medicines (BPMC) and Citrix Systems (CTXS).

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.

One share of MBWM stock can currently be purchased for approximately $32.93.

Mercantile Bank has a market capitalization of $540.71 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.

The official website for Mercantile Bank is http://www.mercbank.com/.

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]