NASDAQ:MBWM - Mercantile Bank Stock Price, News, & Analysis

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

Mercantile Bank declared a quarterly dividend on Wednesday, July 18th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.24 per share on Wednesday, September 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 6th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.22. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, July, 17th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the 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.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Mercantile Bank.

3 equities research analysts have issued 12-month price objectives for Mercantile Bank's stock. Their forecasts 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 4.8% from the stock's current price. View Analyst Price Targets 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.

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).

Media stories about MBWM stock have trended somewhat positive on Saturday, according to Accern. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercantile Bank earned a news impact score of 0.11 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 47.34 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Mercantile Bank.

Mercantile Bank's stock is owned by a number of of institutional and retail 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.

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.

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.

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.

One share of MBWM stock can currently be purchased for approximately $35.77.

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.

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]