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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone616-406-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$160.99 million
Profitability
Miscellaneous
Employees631
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable
Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions
What is Mercantile Bank's stock symbol?
Mercantile Bank trades on the NASDAQ under the ticker symbol "MBWM."
How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?
Mercantile Bank declared a quarterly dividend on Tuesday, July 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.27 per share on Wednesday, September 18th. This represents a $1.08 annualized dividend and a yield of 3.36%. The ex-dividend date is Thursday, September 5th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.26. View Mercantile Bank's Dividend History.
How were Mercantile Bank's earnings last quarter?
Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, July, 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The financial services provider had revenue of $37.45 million for the quarter, compared to analysts' expectations of $35.51 million. Mercantile Bank had a return on equity of 10.95% and a net margin of 25.97%. View Mercantile Bank's Earnings History.
When is Mercantile Bank's next earnings date?
What price target have analysts set for MBWM?
1 analysts have issued 12-month price objectives for Mercantile Bank's shares. Their forecasts range from $36.50 to $36.50. On average, they expect Mercantile Bank's share price to reach $36.50 in the next year. This suggests a possible upside of 13.4% from the stock's current price. View Analyst Price Targets for Mercantile Bank.
What is the consensus analysts' recommendation for 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.
Has Mercantile Bank been receiving favorable news coverage?
News articles about MBWM stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercantile Bank earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Mercantile Bank.
Are investors shorting Mercantile Bank?
Mercantile Bank saw a decrease in short interest in the month of July. As of July 15th, there was short interest totalling 91,500 shares, a decrease of 20.4% from the June 15th total of 114,900 shares. Based on an average daily trading volume, of 30,300 shares, the short-interest ratio is currently 3.0 days. Currently, 0.6% of the shares of the stock are sold short. View Mercantile Bank's Current Options Chain.
Who are some of Mercantile Bank's key competitors?
Some companies that are related to Mercantile Bank include Hilltop (HTH), First Bancorp (FBP), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI), Great Western Bancorp (GWB), ServisFirst Bancshares (SFBS), Heartland Financial USA (HTLF), First Busey (BUSE), Eagle Bancorp (EGBN), Seacoast Banking Co. of Florida (SBCF), Veritex (VBTX), S & T Bancorp (STBA) and 1st Source (SRCE).
What other stocks do shareholders of Mercantile Bank own?
Who are Mercantile Bank's key executives?
Mercantile Bank's management team includes the folowing 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)
Who are Mercantile Bank's major shareholders?
Mercantile Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.71%), Banc Funds Co. LLC (5.63%), Renaissance Technologies LLC (4.84%), Vanguard Group Inc. (4.60%), LSV Asset Management (1.45%) and Northern Trust Corp (1.30%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.
Which institutional 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, Royal Bank of Canada, Vanguard Group Inc., Morgan Stanley, Wedge Capital Management L L P NC, Charles Schwab Investment Management Inc., Invesco Ltd. and First Trust Advisors LP. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Lonna Wiersma and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.
Which institutional investors are buying Mercantile Bank stock?
MBWM stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Bessemer Group Inc., Acadian Asset Management LLC, WINTON GROUP Ltd, Victory Capital Management Inc., LaFleur & Godfrey LLC and Prudential Financial Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Mercantile Bank's stock price today?
One share of MBWM stock can currently be purchased for approximately $32.19.
How big of a company is Mercantile Bank?
Mercantile Bank has a market capitalization of $528.56 million and generates $160.99 million in revenue each year. The financial services provider earns $42.02 million in net income (profit) each year or $2.53 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe.View Additional Information About Mercantile Bank.
What is Mercantile Bank's official website?
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]
MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)
MarketBeat's community ratings are surveys of what our community members think about Mercantile Bank and other stocks. Vote "Outperform" if you believe MBWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
