NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MBWM stock has decreased by 12.9% and is now trading at $20.62. View which stocks have been most impacted by Coronavirus.

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Mercantile Bank.

Mercantile Bank will be holding an earnings conference call on Tuesday, July 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mercantile Bank Corp. (NASDAQ:MBWM) issued its earnings results on Tuesday, April, 21st. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.18. The financial services provider had revenue of $36.87 million for the quarter, compared to analyst estimates of $35.20 million. Mercantile Bank had a net margin of 26.18% and a return on equity of 10.85%. View Mercantile Bank's earnings history.

Mercantile Bank announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.28 per share on Wednesday, June 17th. This represents a $1.12 annualized dividend and a yield of 5.43%. The ex-dividend date is Thursday, June 4th. View Mercantile Bank's dividend history.

News coverage about MBWM stock has trended somewhat negative on Saturday, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 daily sentiment score of -1.2 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Mercantile Bank.

Mercantile Bank saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 212,200 shares, a decline of 15.2% from the June 15th total of 250,300 shares. Based on an average daily volume of 57,900 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.4% of the shares of the company are sold short. View Mercantile Bank's Current Options Chain.

Some companies that are related to Mercantile Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Exxon Mobil (XOM), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ), Mercury General (MCY) and Marathon Petroleum (MPC).

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

Mercantile Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.15%). 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.

MBWM stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price, and Robert T Worthington. View insider buying and selling activity for 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.

One share of MBWM stock can currently be purchased for approximately $20.62.

Mercantile Bank has a market capitalization of $334.25 million and generates $185.29 million in revenue each year. The financial services provider earns $49.46 million in net income (profit) each year or $2.57 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe.

The official website for Mercantile Bank is 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]