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NASDAQ:MBWM

Mercantile Bank Stock Forecast, Price & News

$17.12
-0.84 (-4.68 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$17.09
Now: $17.12
$18.36
50-Day Range
$17.96
MA: $21.32
$23.31
52-Week Range
$17.09
Now: $17.12
$37.32
Volume39,404 shs
Average Volume49,921 shs
Market Capitalization$277.87 million
P/E Ratio6.18
Dividend Yield6.24%
Beta1.07
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.
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Beat the Market (BTM) Rank

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

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.29 million
Cash Flow$2.70 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$277.87 million
Next Earnings Date10/20/2020 (Estimated)
OptionableOptionable
$17.12
-0.84 (-4.68 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 decreased by 27.7% and is now trading at $17.12.
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) announced its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.22. The financial services provider had revenue of $41.56 million for 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 declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.28 per share on Wednesday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, September 3rd.
View Mercantile Bank's dividend history
.

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), 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 Director
  • Mr. 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 number of institutional and retail investors. Top institutional investors 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 major 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 major investors are buying Mercantile Bank stock?

MBWM stock was acquired 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 $17.12.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $277.87 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 9/24/2020 by MarketBeat.com Staff

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