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NASDAQ:MBWM

Mercantile Bank - MBWM Stock Forecast, Price & News

$33.71
+0.25 (+0.75%)
(As of 01/30/2023 01:06 PM ET)
Add
Compare
Today's Range
$33.30
$33.71
50-Day Range
$32.10
$36.59
52-Week Range
$29.26
$39.12
Volume
3,553 shs
Average Volume
29,955 shs
Market Capitalization
$534.98 million
P/E Ratio
8.76
Dividend Yield
3.83%
Price Target
$37.33

Mercantile Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.8% Upside
$37.33 Price Target
Short Interest
Healthy
0.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.02mentions of Mercantile Bank in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$49,995 Bought Last Quarter
Proj. Earnings Growth
-6.50%
From $4.46 to $4.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Finance Sector

174th out of 891 stocks

State Commercial Banks Industry

42nd out of 191 stocks


MBWM stock logo

About Mercantile Bank (NASDAQ:MBWM) Stock

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to 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 and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; 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 owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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MBWM Stock News Headlines

Mercantile Bank (NASDAQ:MBWM) Upgraded to "Buy" by StockNews.com
Mercantile Bank (NASDAQ:MBWM) Upgraded at StockNews.com
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Mercantile Bank (NASDAQ:MBWM) Shares Gap Down to $36.59
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Recap: Mercantile Bank Q3 Earnings
Best Momentum Stocks to Buy for September 2nd
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See More Headlines
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MBWM Company Calendar

Ex-Dividend for 12/14 Dividend
12/01/2022
Dividend Payable
12/14/2022
Last Earnings
1/17/2023
Today
1/30/2023
Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:MBWM
CUSIP
58737610
Employees
630
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$37.33
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+10.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$61.06 million
Pretax Margin
32.47%

Debt

Sales & Book Value

Annual Sales
$213.92 million
Cash Flow
$4.88 per share
Book Value
$29.14 per share

Miscellaneous

Free Float
15,288,000
Market Cap
$534.98 million
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. Robert B. Kaminski Jr. (Age 61)
    Pres, CEO & Director
    Comp: $860.15k
  • Mr. Charles E. Christmas (Age 57)
    Exec. VP, CFO & Treasurer
    Comp: $571.68k
  • Mr. Raymond E. Reitsma (Age 60)
    Exec. VP & COO
    Comp: $650.26k
  • Mr. Robert T. WorthingtonMr. Robert T. Worthington (Age 48)
    Sr. VP, Chief Risk Officer, Gen. Counsel & Sec.
    Comp: $356.33k
  • Mr. Brett Hoover (Age 53)
    Human Resource Director & Sr. VP
  • Mr. Mark S. Augustyn
    Sr. VP & Chief Lending Officer of Mercantile Bank of Michigan
  • Mr. Jeff Kaiser
    Sr. VP & Head of Risk Management Department













MBWM Stock - Frequently Asked Questions

Should I buy or sell Mercantile Bank stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MBWM shares.
View MBWM analyst ratings
or view top-rated stocks.

What is Mercantile Bank's stock price forecast for 2023?

2 Wall Street analysts have issued 12 month target prices for Mercantile Bank's shares. Their MBWM share price forecasts range from $33.00 to $41.00. On average, they anticipate the company's stock price to reach $37.33 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for MBWM
or view top-rated stocks among Wall Street analysts.

How have MBWM shares performed in 2023?

Mercantile Bank's stock was trading at $33.48 on January 1st, 2023. Since then, MBWM stock has decreased by 0.1% and is now trading at $33.46.
View the best growth stocks for 2023 here
.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 126,600 shares, a decline of 7.4% from the December 31st total of 136,700 shares. Based on an average daily volume of 33,400 shares, the short-interest ratio is presently 3.8 days. Approximately 0.9% of the company's shares are sold short.
View Mercantile Bank's Short Interest
.

When is Mercantile Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our MBWM earnings forecast
.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) announced its quarterly earnings results on Tuesday, January, 17th. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.19 by $0.18. The financial services provider had revenue of $58.46 million for the quarter, compared to analysts' expectations of $53.70 million. Mercantile Bank had a net margin of 28.55% and a trailing twelve-month return on equity of 14.29%.

How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?

Mercantile Bank declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.33 per share on Wednesday, March 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, March 2nd. This is an increase from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for MBWM
.

Is Mercantile Bank a good dividend stock?

Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.83%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 33.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 30.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBWM.

What is Bob Kaminski's approval rating as Mercantile Bank's CEO?

1 employees have rated Mercantile Bank Chief Executive Officer Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among the company's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC).

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 variety of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (1.95%), jvl associates llc (0.34%), Assenagon Asset Management S.A. (0.23%), Strs Ohio (0.12%), Hennion & Walsh Asset Management Inc. (0.07%) and Well Done LLC (0.04%). Insiders that own company stock include David B Ramaker, Lonna Wiersma, Michael H Price and Robert T Worthington.
View institutional ownership trends
.

How do I buy shares of Mercantile Bank?

Shares of MBWM stock 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.
Compare Top Brokerages Here.

What is Mercantile Bank's stock price today?

One share of MBWM stock can currently be purchased for approximately $33.46.

How much money does Mercantile Bank make?

Mercantile Bank (NASDAQ:MBWM) has a market capitalization of $531.01 million and generates $213.92 million in revenue each year. The financial services provider earns $61.06 million in net income (profit) each year or $3.85 on an earnings per share basis.

How many employees does Mercantile Bank have?

The company employs 630 workers across the globe.

How can I contact Mercantile Bank?

Mercantile Bank's mailing address is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. The official website for the company is www.mercbank.com. The financial services provider can be reached via phone at (616) 406-3000, via email at cchristmas@mercbank.com, or via fax at 616-406-3737.

This page (NASDAQ:MBWM) was last updated on 1/30/2023 by MarketBeat.com Staff