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

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$30.93 -1.51 (-4.65 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$30.93
Today's Range$30.66 - $32.57
52-Week Range$26.40 - $38.47
Volume51,281 shs
Average Volume29,107 shs
Market Capitalization$507.87 million
P/E Ratio12.23
Dividend Yield3.36%
Beta0.84
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. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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 operates and 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MBWM
CUSIP58737610
Phone616-406-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$160.99 million
Cash Flow$3.1211 per share
Book Value$22.61 per share

Profitability

Net Income$42.02 million

Miscellaneous

EmployeesN/A
Market Cap$507.87 million
Next Earnings Date4/16/2019 (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 announced a quarterly dividend on Tuesday, January 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.26 per share on Wednesday, March 20th. This represents a $1.04 annualized dividend and a yield of 3.36%. The ex-dividend date is Thursday, March 7th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.25. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, January, 22nd. The financial services provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The financial services provider had revenue of $36.19 million for the quarter, compared to the consensus estimate of $34.60 million. Mercantile Bank had a return on equity of 11.22% and a net margin of 26.10%. View Mercantile Bank's Earnings History.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, April 16th 2019. View Earnings Estimates for Mercantile Bank.

What price target have analysts set for MBWM?

2 brokerages have issued 12-month price targets for Mercantile Bank's shares. Their predictions range from $36.50 to $41.00. On average, they expect Mercantile Bank's stock price to reach $38.1667 in the next twelve months. This suggests a possible upside of 23.4% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation for Mercantile Bank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 2 hold ratings 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 headlines about MBWM stock have trended neutral on Sunday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercantile Bank earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the next few days.

Who are some of Mercantile Bank's key competitors?

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), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), salesforce.com (CRM), News (NWSA), Lithia Motors (LAD), Exxon Mobil (XOM), Blueprint Medicines (BPMC), Inogen (INGN) and Burlington Stores (BURL).

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)
  • Mr. Raymond E. Reitsma, Sr. VP (Age 56)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.49%), Banc Funds Co. LLC (7.19%), Dimensional Fund Advisors LP (6.82%), Dimensional Fund Advisors LP (6.82%), Tributary Capital Management LLC (2.05%) and North Star Asset Management Inc. (1.59%). Company insiders that own Mercantile Bank stock include Edward B Grant, Edward J Clark, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.

Which major investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Banc Funds Co. LLC, Millennium Management LLC, Thomson Horstmann & Bryant Inc., Barclays PLC, First National Bank of Omaha, First Trust Advisors LP and MetLife Investment Advisors LLC. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.

Which major investors are buying Mercantile Bank stock?

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Ackerman Capital Advisors LLC, BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Bank of America Corp DE, Norris Perne & French LLP MI, Bailard Inc. and Geode Capital Management LLC. 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 $30.93.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $507.87 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.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is http://www.mercbank.com.

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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  187 (Vote Outperform)
Underperform Votes:  251 (Vote Underperform)
Total Votes:  438
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.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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