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DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
S&P 500   4,662.85 (+0.08%)
DOW   35,911.81 (-0.56%)
NASDAQ:MBWM

Mercantile Bank Stock Forecast, Price & News

$37.70
+0.06 (+0.16%)
(As of 01/14/2022 12:00 AM ET)
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Today's Range
$37.55
$37.97
50-Day Range
$33.17
$37.70
52-Week Range
$26.76
$37.95
Volume
2,396 shs
Average Volume
32,270 shs
Market Capitalization
$590.80 million
P/E Ratio
9.90
Dividend Yield
3.18%
Beta
1.08
30 days | 90 days | 365 days | Advanced Chart
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Mercantile Bank logo

About Mercantile Bank

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:MBWM
CUSIP
58737610
Employees
621
Year Founded
1997

Sales & Book Value

Annual Sales
$193.49 million
Cash Flow
$3.37 per share
Book Value
$27.20 per share

Profitability

Net Income
$44.14 million
Pretax Margin
37.74%

Debt

Price-To-Earnings

Miscellaneous

Free Float
15,190,000
Market Cap
$590.80 million
Optionable
Optionable

Company Calendar

Last Earnings
10/18/2021
Ex-Dividend for 12/15 Dividend
12/02/2021
Dividend Payable
12/15/2021
Today
1/17/2022
Next Earnings (Confirmed)
1/18/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.05 out of 5 stars

Finance Sector

598th out of 1,329 stocks

State Commercial Banks Industry

128th out of 230 stocks

Analyst Opinion: 0.0Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

How has Mercantile Bank's stock price been impacted by Coronavirus?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MBWM shares have increased by 59.3% and is now trading at $37.70.
View which stocks have been most impacted by COVID-19
.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, January 18th 2022.
View our earnings forecast for Mercantile Bank
.

How can I listen to Mercantile Bank's earnings call?

Mercantile Bank will be holding an earnings conference call on Tuesday, January 18th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) announced its earnings results on Monday, October, 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.85 by $0.10. The financial services provider earned $46.69 million during the quarter, compared to analysts' expectations of $41.13 million. Mercantile Bank had a trailing twelve-month return on equity of 14.00% and a net margin of 30.43%. During the same quarter in the prior year, the company earned $0.66 earnings per share.
View Mercantile Bank's earnings history
.

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

Mercantile Bank declared a quarterly dividend on Tuesday, October 19th. Stockholders of record on Friday, December 3rd will be paid a dividend of $0.30 per share on Wednesday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 2nd.
View Mercantile Bank's dividend history
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.18%. Mercantile Bank has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Mercantile Bank is 31.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 43.32% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following people:
  • Robert B. Kaminski, President, Chief Executive Officer & Director
  • Robert T. Worthington, COO, Secretary, General Counsel & Senior VP (LinkedIn Profile)
  • Charles E. Christmas, Chief Financial Officer, Treasurer & Executive VP
  • Raymond E. Reitsma, Executive Vice President
  • Lonna L. Wiersma, Senior VP & Director-Human Resources

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.

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 many different institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (2.03%). Company insiders that own Mercantile Bank stock include Lonna Wiersma, Michael H Price and Robert T Worthington.
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.
View insider buying and selling activity for Mercantile Bank
or view top insider-selling 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 $37.70.

How much money does Mercantile Bank make?

Mercantile Bank has a market capitalization of $590.80 million and generates $193.49 million in revenue each year. The financial services provider earns $44.14 million in net income (profit) each year or $3.81 on an earnings per share basis.

How many employees does Mercantile Bank have?

Mercantile Bank employs 621 workers across the globe.

When was Mercantile Bank founded?

Mercantile Bank was founded in 1997.

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, via email at [email protected], or via fax at 616-406-3737.


This page was last updated on 1/17/2022 by MarketBeat.com Staff

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