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 Wednesday, July 18th. Investors of record on Friday, September 7th will be paid a dividend of $0.24 per share on Wednesday, September 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.22. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) issued its quarterly earnings data on Tuesday, July, 17th. The financial services provider reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The financial services provider had revenue of $33.78 million for the quarter, compared to the consensus estimate of $33.87 million. Mercantile Bank had a return on equity of 10.02% and a net margin of 23.91%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Mercantile Bank.

3 brokers have issued 1 year price targets for Mercantile Bank's shares. Their forecasts range from $35.00 to $41.00. On average, they expect Mercantile Bank's share price to reach $37.50 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price. View Analyst Ratings for Mercantile Bank.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Mercantile Bank include TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Hilltop (HTH), Banner (BANR), Ameris Bancorp (ABCB), Independent Bank Group (IBTX), Eagle Bancorp (EGBN), Heartland Financial USA (HTLF), First Bancorp (FBP), Pacific Premier Bancorp (PPBI), S & T Bancorp (STBA), First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF) and 1st Source (SRCE).

Press coverage about MBWM stock has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercantile Bank earned a news impact score of 0.14 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 45.86 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 $37.05.

Mercantile Bank has a market capitalization of $604.83 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]