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NASDAQ:MBWM

Mercantile Bank Stock Forecast, Price & News

$30.37
+1.13 (+3.86 %)
(As of 03/1/2021 02:33 PM ET)
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Compare
Today's Range
$29.52
Now: $30.37
$30.49
50-Day Range
$27.15
MA: $28.84
$30.99
52-Week Range
$17.09
Now: $30.37
$31.78
Volume1,230 shs
Average Volume46,347 shs
Market Capitalization$493.03 million
P/E Ratio11.42
Dividend Yield3.83%
Beta1.12
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, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate 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 owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
Mercantile Bank logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000
Employees621
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.29 million
Cash Flow$3.37 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Market Cap$493.03 million
Next Earnings Date4/20/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.54 out of 5 stars

Finance Sector

625th out of 1,938 stocks

State Commercial Banks Industry

143rd out of 310 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$30.37
+1.13 (+3.86 %)
(As of 03/1/2021 02:33 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

Is Mercantile Bank a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Mercantile Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBWM, but not buy additional shares or sell existing shares.
View analyst ratings for Mercantile Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Mercantile Bank?

Wall Street analysts have given Mercantile Bank a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mercantile Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, April 20th 2021.
View our earnings forecast for Mercantile Bank
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) released its quarterly earnings results on Monday, January, 18th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Mercantile Bank had a trailing twelve-month return on equity of 9.67% and a net margin of 23.02%.
View Mercantile Bank's earnings history
.

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

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MBWM stock has increased by 28.3% and is now trading at $30.37.
View which stocks have been most impacted by COVID-19
.

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

Mercantile Bank announced a quarterly dividend on Tuesday, January 19th. Investors of record on Friday, March 5th will be paid a dividend of $0.29 per share on Wednesday, March 17th. This represents a $1.16 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, March 4th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.28.
View Mercantile Bank's dividend history
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.83%. Mercantile Bank does not yet have a strock track record of dividend growth. The dividend payout ratio of Mercantile Bank is 43.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 64.74% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

What price target have analysts set for MBWM?

2 brokerages have issued 1 year price objectives for Mercantile Bank's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Mercantile Bank's stock price to reach $20.00 in the next year. This suggests that the stock has a possible downside of 34.1%.
View analysts' price targets for Mercantile Bank
or view top-rated stocks among Wall Street analysts.

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 59, Pay $728.82k)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 55, Pay $537.37k)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 46, Pay $349.35k)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director (Age 61, Pay $378.23k)
  • Mr. Raymond E. Reitsma, Exec. VP (Age 58, Pay $541.55k)
  • Mr. Mark S. Augustyn, Chief Lending Officer
  • Mr. Jeff Kaiser, Sr. VP & Head of Risk Management Department
  • Amy Kam, VP and Exec. Administrator of Mercantile Bank of Michigan

What is Bob Kaminski's approval rating as Mercantile Bank's CEO?

1 employees have rated Mercantile Bank CEO Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among Mercantile Bank's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC).

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.62%), Dimensional Fund Advisors LP (7.57%), Renaissance Technologies LLC (4.94%), Banc Funds Co. LLC (3.41%), Tributary Capital Management LLC (2.78%) and Northern Trust Corp (1.59%). Company insiders that own Mercantile Bank stock include Michael H Price and Robert T Worthington.
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 Renaissance Technologies LLC, Tributary Capital Management LLC, Northern Trust Corp, Panagora Asset Management Inc., Wells Fargo & Company MN, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, and LaFleur & Godfrey LLC. 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
or view top insider-selling stocks.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was bought by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, BlackRock Inc., JPMorgan Chase & Co., LPL Financial LLC, Assenagon Asset Management S.A., Regal Investment Advisors LLC, Jacobs Asset Management LLC, and BHZ Capital Management LP.
View insider buying and selling activity for Mercantile Bank
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $30.37.

How much money does Mercantile Bank make?

Mercantile Bank has a market capitalization of $493.03 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.

How many employees does Mercantile Bank have?

Mercantile Bank employs 621 workers across the globe.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is www.mercbank.com.

Where are Mercantile Bank's headquarters?

Mercantile Bank is headquartered at 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504.

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 3/1/2021 by MarketBeat.com Staff

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