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

$32.14
+1.11 (+3.58 %)
(As of 08/18/2019 09:54 AM ET)
Today's Range
$31.18
Now: $32.14
$32.19
50-Day Range
$31.04
MA: $32.30
$34.12
52-Week Range
$26.40
Now: $32.14
$36.55
Volume34,400 shs
Average Volume32,255 shs
Market Capitalization$527.74 million
P/E Ratio12.17
Dividend Yield3.35%
Beta0.77
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$160.99 million
Cash Flow$3.2334 per share
Book Value$24.36 per share

Profitability

Net Income$42.02 million

Miscellaneous

Employees631
Market Cap$527.74 million
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

What is Mercantile Bank's stock symbol?

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

How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?

Mercantile Bank announced a quarterly dividend on Tuesday, July 16th. Shareholders 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 yield of 3.36%. The ex-dividend date is Thursday, September 5th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.26. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) issued its earnings results on Tuesday, July, 16th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.02. The financial services provider earned $37.45 million during the quarter, compared to analysts' expectations 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.

When is Mercantile Bank's next earnings date?

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

What price target have analysts set for MBWM?

1 brokerages have issued 1 year price targets for Mercantile Bank's shares. Their predictions range from $36.50 to $36.50. On average, they anticipate Mercantile Bank's share price to reach $36.50 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation 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.

Has Mercantile Bank been receiving favorable news coverage?

Media headlines about MBWM stock have trended negative on Sunday, InfoTrie reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercantile Bank earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press 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.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a decrease in short interest in the month of July. As of July 15th, there was short interest totalling 91,500 shares, a decrease of 20.4% from the June 15th total of 114,900 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.6% of the shares of the company are short sold. View Mercantile Bank's Current Options Chain.

Who are some of Mercantile Bank's key competitors?

What other stocks do shareholders of Mercantile Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Alibaba Group (BABA), News (NWSA), salesforce.com (CRM), JPMorgan Chase & Co. (JPM), Vitalhub (VHI), Aspen Technology (AZPN), Blueprint Medicines (BPMC), Citrix Systems (CTXS) and Midland States Bancorp (MSBI).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the folowing people:
  • Mr. Robert B. Kaminski Jr., Pres, CEO & Director (Age 57)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 53)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 44)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director
  • Mr. Raymond E. Reitsma, Sr. VP (Age 56)

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.71%), Banc Funds Co. LLC (5.63%), Renaissance Technologies LLC (4.84%), Vanguard Group Inc. (4.60%), LSV Asset Management (1.45%) and Northern Trust Corp (1.30%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.

Which institutional investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Royal Bank of Canada, Vanguard Group Inc., Morgan Stanley, Wedge Capital Management L L P NC, Charles Schwab Investment Management Inc., Invesco Ltd. and First Trust Advisors LP. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Lonna Wiersma and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Bessemer Group Inc., Acadian Asset Management LLC, WINTON GROUP Ltd, Victory Capital Management Inc., LaFleur & Godfrey LLC and Prudential Financial Inc.. View Insider Buying and Selling for Mercantile Bank.

How do I buy shares of 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.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $32.14.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $527.74 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.

What is Mercantile Bank's official website?

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

How can I contact Mercantile Bank?

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]


MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  216 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  508
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank and other stocks. Vote "Outperform" if you believe MBWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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