NASDAQ:MBWM Mercantile Bank Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mercantile Bank Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.64 +0.23 (+1.32 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$17.17Now: $17.64▼$17.7450-Day Range$17.12MA: $21.16▼$23.3152-Week Range$17.09Now: $17.64▼$37.32Volume24,155 shsAverage Volume49,705 shsMarket Capitalization$286.31 millionP/E Ratio6.37Dividend Yield6.43%Beta1.07 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Mercantile Bank. Previous Next 2.1 Community Rank Outperform VotesMercantile Bank has received 287 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMercantile Bank has received 388 “underperform” votes. (Add your “underperform” vote.)Community SentimentMercantile Bank has received 57.48% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 6.43%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 43.58%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Mercantile Bank will have a dividend payout ratio of 103.70% in the coming year. This indicates that Mercantile Bank may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.20% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions54.27% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -49.77% in the coming year, from $2.15 to $1.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 6.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 6.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.26.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:MBWM Previous Symbol CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone616-406-3000Debt Debt-to-Equity Ratio1.04 Current Ratio1.09 Quick Ratio1.09Price-To-Earnings Trailing P/E Ratio6.37 Forward P/E Ratio8.20 P/E GrowthN/A Sales & Book Value Annual Sales$185.29 million Price / Sales1.55 Cash Flow$2.78 per share Price / Cash Flow6.34 Book Value$25.50 per share Price / Book0.69Profitability EPS (Most Recent Fiscal Year)$2.57 Net Income$49.46 million Net Margins24.28% Return on Equity10.27% Return on Assets1.12%Miscellaneous Employees631 Outstanding Shares16,231,000Market Cap$286.31 million Next Earnings Date10/20/2020 (Estimated) OptionableOptionable $17.64 +0.23 (+1.32 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MBWM News and Ratings via Email Sign-up to receive the latest news and ratings for MBWM and its competitors with MarketBeat's FREE daily newsletter. Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions How has Mercantile Bank's stock price been impacted by COVID-19? 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 shares have decreased by 25.5% and is now trading at $17.64. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of 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. When is Mercantile Bank's next earnings date? Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020. View our earnings forecast for Mercantile Bank. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corp. (NASDAQ:MBWM) posted its earnings results on Tuesday, July, 21st. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.22. The financial services provider earned $41.56 million during the quarter, compared to the consensus estimate of $36.67 million. Mercantile Bank had a net margin of 24.28% and a return on equity of 10.27%. View Mercantile Bank's earnings history. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, September 4th will be given a dividend of $0.28 per share on Wednesday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Thursday, September 3rd. View Mercantile Bank's dividend history. Who are some of Mercantile Bank's key competitors? Some companies that are related to Mercantile Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all 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), IBM (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC). 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 DirectorMr. 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 variety of retail and institutional investors. Top institutional shareholders include Banc Funds Co. LLC (3.61%), Tributary Capital Management LLC (2.36%), North Star Asset Management Inc. (1.67%), Bank of America Corp DE (1.52%), LSV Asset Management (1.21%) and Bank of New York Mellon Corp (0.78%). 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 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, Goldman Sachs Group Inc., Russell Investments Group Ltd., LSV Asset Management, Bank of New York Mellon Corp, UBS Group AG, LaFleur & Godfrey LLC, and Bessemer Group Inc.. 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 institutional investors are buying Mercantile Bank stock? MBWM stock was purchased by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Mackay Shields LLC, Grantham Mayo Van Otterloo & Co. LLC, Trexquant Investment LP, Bank of America Corp DE, North Star Asset Management Inc., Swiss National Bank, and Baird Financial Group Inc.. 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 $17.64. How big of a company is Mercantile Bank? Mercantile Bank has a market capitalization of $286.31 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 9/26/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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