NASDAQ:MBWM - Mercantile Bank Stock Price, Forecast & News

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

Mercantile Bank declared a quarterly dividend on Tuesday, January 21st. Investors of record on Friday, March 6th will be given a dividend of $0.28 per share on Wednesday, March 18th. This represents a $1.12 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.27. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $0.81 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.15. The financial services provider earned $38.48 million during the quarter, compared to analyst estimates of $36.40 million. Mercantile Bank had a net margin of 26.69% and a return on equity of 11.06%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Mercantile Bank.

Media coverage about MBWM stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercantile Bank earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave 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 next several days. View News Stories for Mercantile Bank.

Some companies that are related to Mercantile Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

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), News (NWSA), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ) and Mercury General (MCY).

Mercantile Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (5.56%), Banc Funds Co. LLC (4.82%), Tributary Capital Management LLC (2.25%), State Street Corp (2.22%), North Star Asset Management Inc. (1.59%) and Bank of America Corp DE (1.50%). 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 Banc Funds Co. LLC, Martingale Asset Management L P, Bessemer Group Inc., LSV Asset Management, Tributary Capital Management LLC, Bank of America Corp DE, Victory Capital Management Inc. and North Star 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 for Mercantile Bank.

MBWM stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, State Street Corp, Bank of New York Mellon Corp, Geode Capital Management LLC, Goldman Sachs Group Inc., UBS Group AG and Russell Investments Group Ltd.. View Insider Buying and Selling 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 $31.95.

Mercantile Bank has a market capitalization of $521.94 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.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]