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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone616-406-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$160.99 million
Profitability
Miscellaneous
Employees631
Next Earnings Date1/28/2020 (Estimated)
OptionableOptionable
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, October 15th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.27 per share on Wednesday, December 18th. This represents a $1.08 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 5th. View Mercantile Bank's Dividend History.
How were Mercantile Bank's earnings last quarter?
Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings data on Tuesday, October, 15th. The financial services provider reported $0.77 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.14. The financial services provider had revenue of $38.28 million for the quarter, compared to analysts' expectations of $36.69 million. Mercantile Bank had a net margin of 26.36% and a return on equity of 11.55%. View Mercantile Bank's Earnings History.
When is Mercantile Bank's next earnings date?
What price target have analysts set for MBWM?
1 equities research analysts have issued twelve-month target prices for Mercantile Bank's shares. Their forecasts range from $36.50 to $36.50. On average, they expect Mercantile Bank's share price to reach $36.50 in the next twelve months. This suggests a possible upside of 3.3% 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?
Press coverage about MBWM stock has been trending extremely negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news 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 negative five to five, with scores closest to five being the most favorable. Mercantile Bank earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Mercantile Bank.
Are investors shorting Mercantile Bank?
Mercantile Bank saw a increase in short interest in September. As of September 30th, there was short interest totalling 198,100 shares, an increase of 72.3% from the August 30th total of 115,000 shares. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is presently 5.6 days. Currently, 1.3% of the shares of the stock are short sold. View Mercantile Bank's Current Options Chain.
Who are some of Mercantile Bank's key competitors?
Some companies that are related to Mercantile Bank include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
What other stocks do shareholders of Mercantile Bank own?
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 variety of of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (2.31%), Envestnet Asset Management Inc. (0.18%), Strs Ohio (0.12%), Campbell & CO Investment Adviser LLC (0.05%) and Bailard Inc. (0.04%). 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 major investors are selling Mercantile Bank stock?
MBWM stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Strs Ohio and Envestnet Asset Management Inc.. 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 major investors are buying Mercantile Bank stock?
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 $35.32.
How big of a company is Mercantile Bank?
Mercantile Bank has a market capitalization of $580.10 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?
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)
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.
