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 Tuesday, April 17th. Shareholders of record on Friday, June 8th will be given a dividend of $0.22 per share on Wednesday, June 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, June 7th. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, April, 17th. The financial services provider reported $0.66 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.56 by $0.10. The financial services provider had revenue of $34.58 million for the quarter, compared to analyst estimates of $33.03 million. Mercantile Bank had a return on equity of 9.50% and a net margin of 23.13%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, July, 17th 2018. View Earnings Estimates for Mercantile Bank.

4 Wall Street analysts have issued 1 year price targets for Mercantile Bank's stock. Their predictions range from $34.00 to $37.00. On average, they expect Mercantile Bank's stock price to reach $35.75 in the next year. View Analyst Ratings for Mercantile Bank.

Some companies that are related to Mercantile Bank include First Interstate BancSystem (FIBK), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Independent Bank (INDB), Hilltop (HTH), Ameris Bancorp (ABCB), Eagle Bancorp (EGBN), Independent Bank Group (IBTX), Banner (BANR), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF), First Bancorp (FBP), First Busey (BUSE) and S & T Bancorp (STBA).

Headlines about MBWM stock have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercantile Bank earned a daily sentiment score of 0.43 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 48.26 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Mercantile Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.98%), BlackRock Inc. (5.75%), LSV Asset Management (1.53%), Royal Bank of Canada (1.33%), Millennium Management LLC (0.78%) and Thomson Horstmann & Bryant Inc. (0.62%). Company insiders that own Mercantile Bank stock include Edward B Grant, Edward J Clark, Michael H Price 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 BlackRock Inc., Federated Investors Inc. PA, California Public Employees Retirement System, JPMorgan Chase & Co., Citigroup Inc. and BNP Paribas Arbitrage SA. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.

MBWM stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Millennium Management LLC, Algert Global LLC, Mackay Shields LLC, Royal Bank of Canada, Thrivent Financial for Lutherans, Thomson Horstmann & Bryant Inc. and Wedge Capital Management L L P NC. 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, Scottrade, Fidelity and Charles Schwab.

One share of MBWM stock can currently be purchased for approximately $37.45.

Mercantile Bank has a market capitalization of $614.63 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]