Mercantile Bank Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Mercantile Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBWM, but not buy additional shares or sell existing shares.
View analyst ratings for Mercantile Bank or view top-rated stocks.

Wall Street analysts have given Mercantile Bank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mercantile Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Mercantile Bank saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 228,300 shares, an increase of 35.8% from the June 30th total of 168,100 shares. Based on an average daily trading volume, of 48,500 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the shares of the company are short sold.
View Mercantile Bank's Short Interest.

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Mercantile Bank.

Mercantile Bank Co. (NASDAQ:MBWM) posted its earnings results on Monday, July, 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.78 by $0.34. Mercantile Bank had a net margin of 28.63% and a trailing twelve-month return on equity of 13.28%.
View Mercantile Bank's earnings history.

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MBWM stock has increased by 31.1% and is now trading at $31.03.
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Mercantile Bank announced a quarterly dividend on Tuesday, July 20th. Stockholders of record on Friday, September 3rd will be given a dividend of $0.30 per share on Wednesday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, September 2nd. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.29.
View Mercantile Bank's dividend history.

Mercantile Bank pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.76%. Mercantile Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Mercantile Bank is 41.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 44.62% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

2 Wall Street analysts have issued 12 month price targets for Mercantile Bank's shares. Their forecasts range from $20.00 to $20.00. On average, they expect Mercantile Bank's stock price to reach $20.00 in the next year. This suggests that the stock has a possible downside of 35.5%.
View analysts' price targets for Mercantile Bank or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Mercantile Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Commerce Bancshares (CBSH) and Zions Bancorporation, National Association (ZION).
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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).

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

Mercantile Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include LaFleur & Godfrey LLC (0.32%). Company insiders that own Mercantile Bank stock include Michael H Price and Robert T Worthington.
View institutional ownership trends for Mercantile Bank.

MBWM stock was sold by a variety of institutional investors in the last quarter, including LaFleur & Godfrey LLC.
View insider buying and selling activity for Mercantile Bank or view top insider-selling stocks.

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.
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One share of MBWM stock can currently be purchased for approximately $31.03.

Mercantile Bank has a market capitalization of $501.44 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 $2.78 on an earnings per share basis.

Mercantile Bank employs 621 workers across the globe.

Mercantile Bank was founded in 1997.

The official website for Mercantile Bank is www.mercbank.com.

Mercantile Bank is headquartered at 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504.

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]