Mercantile Bank Corp. Company Profile (NASDAQ:MBWM)

About Mercantile Bank Corp. (NASDAQ:MBWM)

Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate accounts.

Industry, Sector and Symbol:

Sector: Finance
Industry: Regional - Midwest Banks
Sub-Industry: Regional Banks
Symbol: NASDAQ:MBWM
CUSIP: 58737610
Web: www.mercbank.com

Capitalization:

Market Cap: $516.84 million
Outstanding Shares: 16,465,000

Average Prices:

50 Day Moving Avg: $32.93
200 Day Moving Avg: $33.71
52 Week Range: $22.52 - $38.68

P/E:

Trailing P/E Ratio: 16.55
Foreward P/E Ratio: 14.47
P/E Growth: 2.03

Sales & Book Value:

Annual Revenue: $121 million
Price / Sales: 4.27
Book Value: $21.13 per share
Price / Book: 1.49

Dividend:

Annual Dividend: $0.68
Dividend Yield: 2.3%

Profitability:

Net Margins: 22.88%
Return on Equity: 9.27%
Return on Assets: 1.07%

Debt:

Debt-to-Equity Ratio: 0.64%
Current Ratio: 1.02%
Quick Ratio: 1.02%

Misc:

Average Volume: 43,127 shs.
Beta: 0.88
Short Ratio: 1.96

Frequently Asked Questions for Mercantile Bank Corp. (NASDAQ:MBWM)

What is Mercantile Bank Corp.'s stock symbol?

Mercantile Bank Corp. trades on the NASDAQ under the ticker symbol "MBWM."

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

Mercantile Bank Corp. declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, June 9th will be given a dividend of $0.18 per share on Wednesday, June 21st. This represents a $0.72 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, June 7th. View Mercantile Bank Corp.'s Dividend History.

How were Mercantile Bank Corp.'s earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) issued its earnings results on Tuesday, April, 18th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $31.36 million for the quarter, compared to analyst estimates of $30.64 million. Mercantile Bank Corp. had a return on equity of 9.27% and a net margin of 22.88%. View Mercantile Bank Corp.'s Earnings History.

When will Mercantile Bank Corp. make its next earnings announcement?

Mercantile Bank Corp. is scheduled to release their next quarterly earnings announcement on Monday, July, 17th 2017. View Earnings Estimates for Mercantile Bank Corp..

Where is Mercantile Bank Corp.'s stock going? Where will Mercantile Bank Corp.'s stock price be in 2017?

3 brokerages have issued 1-year price targets for Mercantile Bank Corp.'s stock. Their predictions range from $23.00 to $35.00. On average, they expect Mercantile Bank Corp.'s stock price to reach $30.00 in the next twelve months. View Analyst Ratings for Mercantile Bank Corp..

Who are some of Mercantile Bank Corp.'s key competitors?

Some companies that are related to Mercantile Bank Corp. include National Bank Holdings Corp (NBHC), MainSource Financial Group (MSFG), German American Bancorp. (GABC), First Financial Corp (THFF), Peoples Bancorp (PEBO), First Foundation (FFWM), Independent Bank Co.(MI) (IBCP), First Mid-Illinois Bancshares (FMBH), Farmers National Banc Corp (FMNB), Old Second Bancorp (OSBC), Macatawa Bank (MCBC), MutualFirst Financial (MFSF), First Community Financial Partners (FCFP), First Business Financial Services (FBIZ), First Internet Bancorp (INBK), Wilshire Bancorp (WIBC) and Your Community Bankshares (YCB).

Who are Mercantile Bank Corp.'s key executives?

Mercantile Bank Corp.'s management team includes the folowing people:

Michael H. Price, Executive Chairman of the Board
Robert B. Kaminski Jr., President, Chief Executive Officer, Director of the Company and Chief Executive Officer of the Bank
Charles E. Christmas, Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President and Chief Financial Officer of the Bank
Raymond E. Reitsma, President of the Bank
Robert Worthington, Chief Operating Officer, Senior Vice President, General Counsel, Secretary
Thomas R. Sullivan, Director
David M. Cassard, Independent Director
Michelle Larabee Eldridge, Independent Director
Jeff A. Gardner, Independent Director
Edward B. Grant Ph.D., Independent Director

Who owns Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.26%), Renaissance Technologies LLC (4.06%), Vanguard Group Inc. (3.86%), North Star Asset Management Inc. (1.95%), Tributary Capital Management LLC (1.61%) and LSV Asset Management (1.53%). Company insiders that own Mercantile Bank Corp. stock include Edward B Grant, Jeff A Gardner, Michael H Price, Samuel G Stone and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank Corp..

Who sold Mercantile Bank Corp. stock? Who is selling Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., North Star Asset Management Inc., LSV Asset Management, Martingale Asset Management L P, TIAA CREF Investment Management LLC, LVM Capital Management Ltd. MI and Goldman Sachs Group Inc.. Company insiders that have sold Mercantile Bank Corp. stock in the last year include Edward B Grant, Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank Corp..

Who bought Mercantile Bank Corp. stock? Who is buying Mercantile Bank Corp. stock?

Mercantile Bank Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Wellington Management Group LLP, Seizert Capital Partners LLC, Victory Capital Management Inc., Dimensional Fund Advisors LP, First National Bank of Omaha, Alliancebernstein L.P. and Renaissance Technologies LLC. View Insider Buying and Selling for Mercantile Bank Corp..

How do I buy Mercantile Bank Corp. stock?

Shares of Mercantile Bank Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mercantile Bank Corp.'s stock price today?

One share of Mercantile Bank Corp. stock can currently be purchased for approximately $31.39.

MarketBeat Community Rating for Mercantile Bank Corp. (NASDAQ MBWM)

Community Ranking:		2.2 out of 5 ( )
Outperform Votes:		48 (Vote Outperform)
Underperform Votes:		63 (Vote Underperform)
Total Votes:		111

MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Consensus Ratings for Mercantile Bank Corp. (NASDAQ:MBWM) (?)

Ratings Breakdown:	3 Hold Ratings
Consensus Rating:	Hold (Score: 2.00)
Consensus Price Target:	$30.00 (4.43% downside)

Analysts' Ratings History for Mercantile Bank Corp. (NASDAQ:MBWM)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
4/10/2017	Keefe, Bruyette & Woods	Set Price Target	Hold	$35.00	Low
1/18/2017	Raymond James Financial, Inc.	Downgrade	Outperform -> Market Perform		N/A
11/21/2016	Hovde Group	Initiated Coverage	Market Perform	$32.00	N/A
7/22/2015	Sandler O'Neill	Downgrade	Buy -> Hold		N/A

(Data available from 5/29/2015 forward)

Earnings History for Mercantile Bank Corp. (NASDAQ:MBWM)

Earnings by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Earnings History by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
7/17/2017
4/18/2017	Q1 2017	$0.43	$0.46	$30.64 million	$31.36 million	View	N/A
1/17/2017	Q416	$0.46	$0.49	$31.34 million	$31.04 million	View	N/A
10/18/2016	Q316	$0.46	$0.48	$30.72 million	$31.73 million	View	Listen
7/19/2016	Q216	$0.42	$0.46	$30.10 million	$31.20 million	View	Listen
4/19/2016	Q116	$0.40	$0.52	$29.06 million	$32.97 million	View	Listen
1/19/2016	Q415	$0.39	$0.40	$28.83 million	$29.71 million	View	Listen
10/20/2015	Q315	$0.40	$0.45	$28.69 million	$29.90 million	View	Listen
7/21/2015	Q215	$0.39	$0.39	$28.48 million	$29.06 million	View	Listen
4/21/2015	Q1	$0.38	$0.39	$28.16 million	$28.54 million	View	N/A
1/20/2015	Q414	$0.40	$0.38	$29.10 million	$28.51 million	View	N/A
10/21/2014	Q3	$0.41	$0.40	$28.85 million	$28.89 million	View	Listen
7/22/2014	Q214	$0.41	$0.34	$22.66 million	$17.82 million	View	N/A
4/22/2014	Q114	$0.41	$0.41	$18.36 million	$12.57 million	View	N/A
1/21/2014	Q413	$0.40	$0.59	$13.50 million		View	N/A
10/15/2013	Q3 13	$0.38	$0.40			View	N/A
10/15/2013	Q313	$0.38	$0.40	$13.39 million		View	N/A
7/16/2013	Q2 13	$0.35	$0.46			View	N/A
7/16/2013	Q2 2013	$0.35	$0.46	$13.41 million		View	N/A
4/16/2013	Q1 2013	$0.33	$0.50	$13.55 million	$13.30 million	View	N/A
1/15/2013	Q4 12	$0.31	$0.35			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Mercantile Bank Corp. (NASDAQ:MBWM)

2017 EPS Consensus Estimate: $1.81

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	1	$0.41	$0.41	$0.41
Q2 2017	1	$0.44	$0.44	$0.44
Q3 2017	1	$0.48	$0.48	$0.48
Q4 2017	1	$0.48	$0.48	$0.48

(Data provided by Zacks Investment Research)

Current Dividend Information for Mercantile Bank Corp. (NASDAQ:MBWM)

Next Dividend:	6/21/2017
Annual Dividend:	$0.68
Dividend Yield:	2.17%
Payout Ratio:	34.87% (Trailing 12 Months of Earnings) 35.60% (Based on This Year's Estimates) 31.34% (Based on Next Year's Estimates)

Dividend Payments by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Dividend History by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
4/18/2017	quarterly	$0.18	2.16%	6/7/2017	6/9/2017	6/21/2017
1/18/2017	quarterly	$0.18	2.17%	3/8/2017	3/10/2017	3/22/2017
10/18/2016	quarterly	$0.17	2.5%	12/7/2016	12/9/2016	12/21/2016
7/19/2016	quarterly	$0.17	2.7%	9/7/2016	9/9/2016	9/21/2016
4/21/2016	quarterly	$0.16	2.63%	6/8/2016	6/10/2016	6/23/2016
1/20/2016	quarterly	$0.16	2.79%	3/9/2016	3/11/2016	3/23/2016
10/21/2015	quarterly	$0.15	2.86%	12/9/2015	12/11/2015	12/23/2015
7/21/2015	quarterly	$0.15	2.92%	9/9/2015	9/11/2015	9/23/2015
4/21/2015	quarterly	$0.14	2.71%	6/10/2015	6/12/2015	6/24/2015
1/21/2015	quarterly	$0.14	2.93%	3/11/2015	3/13/2015	3/25/2015
10/22/2014	quarterly	$0.12	2.53%	12/10/2014	12/12/2014	12/24/2014
10/21/2014	quarterly	$0.12			12/12/2014	12/24/2014
7/22/2014	quarterly	$0.12	2.44%	9/10/2014	9/12/2014	9/24/2014
7/22/2014	quarterly	$0.12			9/12/2014	9/24/2014
5/12/2014	quarterly	$0.12	2.17%	6/11/2014	6/13/2014	6/25/2014
5/9/2014	special	$2.00			5/22/2014	5/29/2014
5/9/2014	quarterly	$0.12			6/13/2014	6/25/2014
1/22/2014	quarterly	$0.12	2.18%	2/6/2014	2/10/2014	3/10/2014
1/21/2014	quarterly	$0.12			2/10/2014	3/10/2014
10/16/2013	quarterly	$0.12	2.16%	11/6/2013	11/8/2013	12/10/2013
10/15/2013	quarterly	$0.12			11/8/2013	12/10/2013
7/16/2013	quarterly	$0.12	2.42%	8/7/2013	8/9/2013	9/10/2013
7/16/2013	quarterly	$0.12			8/9/2013	9/10/2013
4/16/2013	quarterly	$0.11	2.66%	5/8/2013	5/10/2013	6/10/2013
1/15/2013	quarterly	$0.10	2.33%	2/6/2013	2/8/2013	3/8/2013

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for Mercantile Bank Corp. (NASDAQ:MBWM)

Insider Ownership Percentage: 3.44%
Institutional Ownership Percentage: 47.97%

Institutional Ownership by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Insider Trades by Quarter for Mercantile Bank Corp. (NASDAQ:MBWM)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
4/25/2017	Michael H Price	Chairman	Sell	9,535	$35.04	$334,106.40
3/2/2017	Thomas R Sullivan	Director	Sell	7,000	$33.38	$233,660.00
12/12/2016	Michael H Price	Chairman	Sell	9,551	$35.18	$336,004.18
11/30/2016	Edward B Grant	Director	Sell	2,000	$32.92	$65,840.00
8/26/2016	Thomas R Sullivan	Director	Sell	5,000	$26.87	$134,350.00
8/19/2016	Michael H Price	Chairman	Sell	13,362	$25.81	$344,873.22
7/28/2016	Michael H. Price	Chairman	Sell	11,520	$24.99	$287,884.80
3/4/2016	Thomas R Sullivan	Director	Sell	560	$24.00	$13,440.00
2/19/2016	Jeff A Gardner	Director	Sell	3,999	$22.63	$90,497.37
1/22/2016	Michael H Price	CEO	Sell	8,000	$21.16	$169,280.00
12/15/2015	Thomas R Sullivan	Director	Sell	3,000	$24.20	$72,600.00
11/24/2015	Samuel G Stone	EVP	Sell	1,378	$25.10	$34,587.80
11/19/2015	Thomas R. Sullivan	Director	Sell	1,653	$25.14	$41,556.42
11/16/2015	Thomas R Sullivan	Director	Sell	3,000	$24.00	$72,000.00
10/23/2015	Thomas R Sullivan	Director	Sell	3,000	$21.50	$64,500.00
9/24/2015	Thomas R Sullivan	Director	Sell	3,000	$21.00	$63,000.00
8/17/2015	Thomas R Sullivan	Chairman	Sell	3,000	$20.37	$61,110.00
4/27/2015	Edward B Grant	Director	Sell	2,247	$20.44	$45,928.68
7/29/2014	Robert B Kaminski	COO	Sell	3,000	$19.43	$58,290.00

(Data available from 1/1/2013 forward)

Headline Trends for Mercantile Bank Corp. (NASDAQ:MBWM) Latest Headlines for Mercantile Bank Corp. (NASDAQ:MBWM)

Source:

Date	Headline
	ETFs with exposure to Mercantile Bank Corp. : May 19, 2017 finance.yahoo.com - May 19 at 6:31 PM
	Mercantile Bank Corp. :MBWM-US: Earnings Analysis: Q1, 2017 By the Numbers : May 18, 2017 finance.yahoo.com - May 19 at 10:57 AM
	$31.16 Million in Sales Expected for Mercantile Bank Corp. (MBWM) This Quarter www.americanbankingnews.com - May 13 at 10:02 AM
	Mercantile Bank Corp. (MBWM) Expected to Post Earnings of $0.44 Per Share www.americanbankingnews.com - May 11 at 8:44 AM
	Mercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : May 9, 2017 finance.yahoo.com - May 9 at 11:52 AM
	Very Positive Press Coverage Extremely Likely to Affect Mercantile Bank Corp. (MBWM) Stock Price www.americanbankingnews.com - May 2 at 8:52 AM
	Favorable News Coverage Likely to Impact Mercantile Bank Corp. (MBWM) Stock Price www.americanbankingnews.com - April 29 at 9:15 PM
	Mercantile Bank Corp. (MBWM) Short Interest Down 3.3% in April www.americanbankingnews.com - April 27 at 12:12 PM
	Michael H. Price Sells 9,535 Shares of Mercantile Bank Corp. (MBWM) Stock www.americanbankingnews.com - April 26 at 8:44 PM
	Mercantile Bank Corp. (MBWM) Receives Media Sentiment Rating of 0.56 www.americanbankingnews.com - April 26 at 11:33 AM
	Zacks Investment Research Lowers Mercantile Bank Corp. (MBWM) to Hold www.americanbankingnews.com - April 22 at 2:51 PM
	Mercantile Bank Corp. (MBWM) Expected to Announce Quarterly Sales of $31.16 Million www.americanbankingnews.com - April 22 at 9:35 AM
	Mercantile Bank Corp. (MBWM) Receives Daily Media Impact Score of 0.44 www.americanbankingnews.com - April 22 at 8:06 AM
	FY2017 Earnings Estimate for Mercantile Bank Corp. (MBWM) Issued By FIG Partners www.americanbankingnews.com - April 21 at 1:15 PM
	Mercantile Bank Corp. (MBWM) Expected to Post Earnings of $0.45 Per Share www.americanbankingnews.com - April 20 at 7:39 AM
	Edited Transcript of MBWM earnings conference call or presentation 18-Apr-17 2:00pm GMT finance.yahoo.com - April 19 at 10:40 AM
	Mercantile Bank Corp. breached its 50 day moving average in a Bullish Manner : MBWM-US : April 19, 2017 finance.yahoo.com - April 19 at 10:40 AM
	Mercantile Bank Corp. (MBWM) Getting Very Positive Media Coverage, Analysis Finds www.americanbankingnews.com - April 19 at 10:29 AM
	Mercantile Bank Corp. (MBWM) Posts Earnings Results www.americanbankingnews.com - April 19 at 9:55 AM
	Mercantile Bank Corporation Reports Strong First Quarter 2017 Results finance.yahoo.com - April 18 at 5:52 PM
	Mercantile Bank Corp. (MBWM) Announces $0.18 Quarterly Dividend www.americanbankingnews.com - April 18 at 5:16 PM
	Mercantile Bank Corporation Declares Second Quarter Cash Dividend www.nasdaq.com - April 18 at 10:32 AM
	Mercantile Bank posts 1Q profit marketbeat.com - April 18 at 6:52 AM
	Mercantile Bank Corp. (MBWM) Earns Daily Coverage Optimism Score of 0.44 www.americanbankingnews.com - April 16 at 11:25 AM
	Keefe, Bruyette & Woods Analysts Give Mercantile Bank Corp. (MBWM) a $35.00 Price Target www.americanbankingnews.com - April 14 at 10:04 AM
	Mercantile Bank Corp. (MBWM) Getting Very Positive Press Coverage, Report Shows www.americanbankingnews.com - April 13 at 8:25 AM
	Mercantile Bank Corp. (MBWM) Given a $35.00 Price Target by Keefe, Bruyette & Woods Analysts www.americanbankingnews.com - April 11 at 2:45 PM
	Mercantile Bank Corp. breached its 50 day moving average in a Bearish Manner : MBWM-US : April 6, 2017 finance.yahoo.com - April 7 at 11:03 AM
	Mercantile Bank Corporation Announces First Quarter 2017 Results Conference Call and Webcast finance.yahoo.com - April 4 at 8:56 AM
	Mercantile Bank Corp. (MBWM) Upgraded to "Buy" at Zacks Investment Research www.americanbankingnews.com - March 28 at 7:32 AM
	Mercantile Bank Corp. (MBWM) Upgraded at Zacks Investment Research www.americanbankingnews.com - March 23 at 12:58 AM
	Mercantile Bank Names Nancy Turtle Community Bank President for Kalamazoo/Southwest Michigan Market finance.yahoo.com - March 13 at 10:27 AM
	MERCANTILE BANK CORP Files SEC form 10-K, Annual Report biz.yahoo.com - March 6 at 5:59 PM
	Mercantile Bank To Open Southeast Michigan Office finance.yahoo.com - February 27 at 6:11 PM
	MERCANTILE BANK CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits biz.yahoo.com - February 27 at 6:11 PM
	Mercantile Bank Whiffs In Q4: Avoid seekingalpha.com - February 20 at 5:49 PM
	6:02 am Mercantile Bank increases quarterly dividend to $0.18/share from $0.17/share us.rd.yahoo.com - January 17 at 11:50 PM
	Mercantile Bank posts 4Q profit us.rd.yahoo.com - January 17 at 11:50 PM
	Q4 2016 Mercantile Bank Corp Earnings Release - Before Market Open us.rd.yahoo.com - January 17 at 11:50 PM
	Edited Transcript of MBWM earnings conference call or presentation 17-Jan-17 3:00pm GMT finance.yahoo.com - January 17 at 11:50 PM
	Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2016 Results www.bizjournals.com - January 17 at 11:52 AM
	Mercantile Bank Corporation Increases Regular Cash Dividend finance.yahoo.com - January 17 at 11:52 AM
	Mercantile Bank beats by $0.03, misses on revenue seekingalpha.com - January 17 at 6:22 AM
	Mercantile Bank Corporation: Don't Let Its Lackluster Third Quarter Fool You seekingalpha.com - December 31 at 9:20 AM
	MERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers biz.yahoo.com - December 15 at 7:06 PM
	Mercantile Bank downgraded by Keefe Bruyette us.rd.yahoo.com - November 30 at 11:11 AM
	Coverage initiated on Mercantile Bank by Hovde Group finance.yahoo.com - November 21 at 11:22 AM
	MERCANTILE BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits biz.yahoo.com - November 18 at 5:41 PM
	Mercantile Bank Shows Strong Growth From Q3 Earnings seekingalpha.com - October 26 at 6:06 PM
	Edited Transcript of MBWM earnings conference call or presentation 18-Oct-16 2:00pm GMT finance.yahoo.com - October 19 at 11:00 AM