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NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News

$22.34
+0.03 (+0.13 %)
(As of 06/2/2020 04:00 PM ET)
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Compare
Today's Range
$22.19
Now: $22.34
$22.88
50-Day Range
$19.68
MA: $21.91
$25.18
52-Week Range
$18.64
Now: $22.34
$37.32
Volume39,368 shs
Average Volume52,433 shs
Market Capitalization$362.04 million
P/E Ratio7.59
Dividend Yield5.02%
Beta1.09
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. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as operates and 40 automated teller machines. The company operates 46 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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Mercantile Bank logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


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$185.29 million
Cash Flow$3.09 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$362.04 million
Next Earnings Date7/21/2020 (Estimated)
OptionableOptionable

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

How has Mercantile Bank's stock been impacted by COVID-19 (Coronavirus)?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MBWM stock has decreased by 5.7% and is now trading at $22.31. View which stocks have been most impacted by Coronavirus.

When is Mercantile Bank's next earnings date?

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

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.18. The financial services provider earned $36.87 million during the quarter, compared to the consensus estimate of $35.20 million. Mercantile Bank had a return on equity of 10.85% and a net margin of 26.18%. View Mercantile Bank's earnings history.

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

Mercantile Bank declared 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 dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, June 4th. View Mercantile Bank's dividend history.

Has Mercantile Bank been receiving favorable news coverage?

Press coverage about MBWM stock has been trending very negative on Tuesday, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercantile Bank earned a coverage optimism score of -3.5 on InfoTrie's scale. They also assigned media stories 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 impact on the company's share price in the near future. View the latest news aboutMercantile Bank.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a decrease in short interest in May. As of May 15th, there was short interest totaling 225,900 shares, a decrease of 7.3% from the April 30th total of 243,800 shares. Based on an average trading volume of 59,500 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.5% of the shares of the company are sold short. 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), 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).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following 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)

What is Mercantile Bank's stock symbol?

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

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.51%), Banc Funds Co. LLC (4.25%), Tributary Capital Management LLC (2.17%), State Street Corp (2.16%), North Star Asset Management Inc. (1.60%) and Geode Capital Management LLC (1.47%). 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.

Which major 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, Wellington Management Group LLP, Morgan Stanley, Tributary Capital Management LLC, UBS Group AG, Victory Capital Management Inc., Victory Capital Management Inc., and State Street Corp. 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.

Which major investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Matarin Capital Management LLC, Geode Capital Management LLC, BlackRock Inc., Wells Fargo & Company MN, Aperio Group LLC, Advisor Group Holdings Inc., and Rhumbline Advisers. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $22.31.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $361.56 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.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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