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 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000
Debt
Debt-to-Equity Ratio0.74
Current Ratio1.04
Quick Ratio1.04
Price-To-Earnings
Trailing P/E Ratio18.61
Forward P/E Ratio14.36
P/E Growth1.81
Sales & Book Value
Annual Sales$144.54 million
Price / Sales4.04
Cash Flow$2.4785 per share
Price / Cash14.19
Book Value$22.05 per share
Price / Book1.60
Profitability
EPS (Most Recent Fiscal Year)$1.89
Net Income$31.27 million
Net Margins23.91%
Return on Equity9.96%
Return on Assets1.12%
Miscellaneous
Employees584
Outstanding Shares16,610,000
Market Cap$589.17 million
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 Wednesday, July 18th. Shareholders of record on Friday, September 7th will be given a dividend of $0.24 per share on Wednesday, September 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.73%. 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.
How were Mercantile Bank's earnings last quarter?
Mercantile Bank Corp. (NASDAQ:MBWM) issued its quarterly earnings results on Tuesday, July, 17th. The financial services provider reported $0.57 EPS for the quarter, meeting the Zacks' 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 9.96% and a net margin of 23.91%. View Mercantile Bank's Earnings History.
When is Mercantile Bank's next earnings date?
What price target have analysts set for MBWM?
3 equities research analysts have issued twelve-month target prices for Mercantile Bank's stock. Their predictions range from $35.00 to $41.00. On average, they anticipate Mercantile Bank's stock price to reach $37.50 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price. View Analyst Price Targets for Mercantile Bank.
What is the consensus analysts' recommendation 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." View Analyst Ratings for Mercantile Bank.
Who are some of Mercantile Bank's key competitors?
Some companies that are related to Mercantile Bank include Pacific Premier Bancorp (PPBI), Ameris Bancorp (ABCB), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Independent Bank Group (IBTX), Banner (BANR), Heartland Financial USA (HTLF), Hilltop (HTH), Eagle Bancorp (EGBN), First Bancorp (FBP), S & T Bancorp (STBA), First Busey (BUSE), 1st Source (SRCE) and Seacoast Banking Co. of Florida (SBCF).
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 56)
- Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 52)
- Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 43)
- Mr. Raymond E. Reitsma, Sr. VP (Age 55)
- Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director
Has Mercantile Bank been receiving favorable news coverage?
Media stories about MBWM stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercantile Bank earned a news impact score of 0.10 on Accern's scale. They also gave media stories about the financial services provider an impact score of 47.42 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Mercantile Bank.
Who are Mercantile Bank's major shareholders?
Mercantile Bank's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.50%), Dimensional Fund Advisors LP (6.32%), Renaissance Technologies LLC (4.58%), Tributary Capital Management LLC (2.02%), North Star Asset Management Inc. (1.58%) and LSV Asset Management (1.51%). Company insiders that own Mercantile Bank stock include Edward B Grant, Edward J Clark, 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 North Star Asset Management Inc., Mackay Shields LLC, California Public Employees Retirement System, LSV Asset Management, Bank of New York Mellon Corp, Dynamic Advisor Solutions LLC and Victory Capital Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.
Which major investors are buying Mercantile Bank stock?
MBWM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Tributary Capital Management LLC, WBI Investments Inc., Acadian Asset Management LLC and Bank of America Corp DE. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Mercantile Bank's stock price today?
One share of MBWM stock can currently be purchased for approximately $35.17.
How big of a company is Mercantile Bank?
Mercantile Bank has a market capitalization of $589.17 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.
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.
