NASDAQ:MBWM - Mercantile Bank Stock Price, Price Target & More

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

Mercantile Bank announced a quarterly dividend on Tuesday, April 17th. Investors of record on Friday, June 8th will be paid a dividend of $0.22 per share on Wednesday, June 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, June 7th. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings data on Tuesday, April, 17th. The financial services provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.10. The financial services provider had revenue of $34.58 million for the quarter, compared to analyst estimates of $33.03 million. Mercantile Bank had a return on equity of 9.50% and a net margin of 23.13%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, July, 17th 2018. View Earnings Estimates for Mercantile Bank.

4 brokerages have issued 1-year price objectives for Mercantile Bank's stock. Their predictions range from $34.00 to $37.00. On average, they anticipate Mercantile Bank's share price to reach $35.75 in the next year. This suggests that the stock has a possible downside of 4.3%. View Analyst Ratings for Mercantile Bank.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Mercantile Bank include CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), United Community Banks (UCBI), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Renasant (RNST), Independent Bank (INDB), Hilltop (HTH), Eagle Bancorp (EGBN), Ameris Bancorp (ABCB), Banner (BANR), Independent Bank Group (IBTX), Pacific Premier Bancorp (PPBI) and Heartland Financial USA (HTLF).

Media headlines about MBWM stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercantile Bank earned a daily sentiment score of 0.09 on Accern's scale. They also gave media coverage about the financial services provider an impact score of 45.96 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

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 $37.36.

Mercantile Bank has a market capitalization of $615.45 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]