NASDAQ:MBWM Mercantile Bank - MBWM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mercantile Bank Co. Please log in to your account or sign up in order to add this asset to your watchlist. $33.71 +0.25 (+0.75%) (As of 01/30/2023 01:06 PM ET) Add Compare Share Share Today's Range$33.30▼$33.7150-Day Range$32.10▼$36.5952-Week Range$29.26▼$39.12Volume3,553 shsAverage Volume29,955 shsMarket Capitalization$534.98 millionP/E Ratio8.76Dividend Yield3.83%Price Target$37.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Mercantile Bank MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside10.8% Upside$37.33 Price TargetShort InterestHealthy0.87% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.02Based on 6 Articles This WeekInsider TradingAcquiring Shares$49,995 Bought Last QuarterProj. Earnings Growth-6.50%From $4.46 to $4.17 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector174th out of 891 stocksState Commercial Banks Industry42nd out of 191 stocks 2.3 Analyst's Opinion Consensus RatingMercantile Bank has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.33, Mercantile Bank has a forecasted upside of 10.8% from its current price of $33.70.Amount of Analyst CoverageMercantile Bank has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.87% of the float of Mercantile Bank has been sold short.Short Interest Ratio / Days to CoverMercantile Bank has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently decreased by 7.39%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 33.25%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mercantile Bank will have a dividend payout ratio of 30.70% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MBWM. Previous Next 3.3 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Mercantile Bank this week, compared to 1 article on an average week.MarketBeat Follows1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,995.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.64% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions55.50% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -6.50% in the coming year, from $4.46 to $4.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 8.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 8.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 179.31.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mercantile Bank (NASDAQ:MBWM) StockMercantile 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.Read More Receive MBWM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercantile Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address MBWM Stock News HeadlinesJanuary 26, 2023 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Upgraded to "Buy" by StockNews.comJanuary 26, 2023 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Upgraded at StockNews.comJanuary 30, 2023 | Investing Trends (Ad)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.January 22, 2023 | finance.yahoo.comMercantile Bank's (NASDAQ:MBWM) Shareholders Will Receive A Bigger Dividend Than Last YearJanuary 22, 2023 | seekingalpha.comMercantile Bank: An Interesting Valuation, But Operating Results Have Likely PeakedJanuary 21, 2023 | americanbankingnews.comDavid B. Ramaker Acquires 1,500 Shares of Mercantile Bank Co. (NASDAQ:MBWM) StockJanuary 20, 2023 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Shares Gap Down to $36.59January 19, 2023 | finance.yahoo.comMercantile Bank (NASDAQ:MBWM) investors are sitting on a loss of 9.6% if they invested a year agoJanuary 30, 2023 | Investing Trends (Ad)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.January 18, 2023 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q4 2022 Earnings Call TranscriptJanuary 17, 2023 | seekingalpha.comMercantile Bank Corporation (MBWM) Q4 2022 Results - Earnings Call TranscriptJanuary 17, 2023 | msn.comMercantile Bank GAAP EPS of $1.37 beats by $0.17, revenue of $58.46M beats by $4.76MDecember 19, 2022 | finance.yahoo.comMercantile Bank Corporation Announces Fourth Quarter and Full Year 2022 Results Conference Call and WebcastDecember 9, 2022 | finance.yahoo.comMercantile Appoints New Members to Bank Board of DirectorsNovember 27, 2022 | finance.yahoo.comIs It Smart To Buy Mercantile Bank Corporation (NASDAQ:MBWM) Before It Goes Ex-Dividend?October 18, 2022 | seekingalpha.comMercantile Bank Corporation (MBWM) Q3 2022 Earnings Call TranscriptOctober 18, 2022 | msn.comRecap: Mercantile Bank Q3 EarningsSeptember 29, 2022 | nasdaq.comHere's Why Mercantile Bank (MBWM) is Poised for a Turnaround After Losing 8.3% in 4 WeeksSeptember 28, 2022 | au.finance.yahoo.comMercantile Bank (MBWM) Loses 10.1% in 4 Weeks, Here's Why a Trend Reversal May be Around the CornerSeptember 27, 2022 | finance.yahoo.comMercantile Bank Corporation Announces Third Quarter 2022 Results Conference Call and WebcastSeptember 11, 2022 | msn.comTamilnad Mercantile Bank grey market premium drops 86% ahead of listingSeptember 2, 2022 | finance.yahoo.comBest Momentum Stocks to Buy for September 2ndSeptember 2, 2022 | finance.yahoo.comBest Income Stocks to Buy for September 2ndAugust 25, 2022 | nasdaq.comInsider Buying: The Mercantile Bank Corporation (NASDAQ:MBWM) Independent Director Just Bought 104% More SharesAugust 8, 2022 | finance.yahoo.comMercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.32July 26, 2022 | nasdaq.comMercantile Bank's (NASDAQ:MBWM) Upcoming Dividend Will Be Larger Than Last Year'sJuly 22, 2022 | finance.yahoo.comMercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.32See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MBWM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercantile Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address MBWM Company Calendar Ex-Dividend for 12/14 Dividend12/01/2022Dividend Payable12/14/2022Last Earnings1/17/2023Today1/30/2023Ex-Dividend for 3/15 Dividend3/02/2023Dividend Payable3/15/2023Next Earnings (Estimated)4/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:MBWM CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees630Year Founded1997Price 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.85 Trailing P/E Ratio8.76 Forward P/E Ratio7.56 P/E GrowthN/ANet Income$61.06 million Net Margins28.55% Pretax Margin32.47% Return on Equity14.29% Return on Assets1.20% Debt Debt-to-Equity Ratio1.14 Current Ratio1.00 Quick Ratio1.00 Sales & Book Value Annual Sales$213.92 million Price / Sales2.50 Cash Flow$4.88 per share Price / Cash Flow6.91 Book Value$29.14 per share Price / Book1.16Miscellaneous Outstanding Shares15,870,000Free Float15,288,000Market Cap$534.98 million OptionableOptionable Beta0.98 Social Links Key ExecutivesMr. Robert B. Kaminski Jr. (Age 61)Pres, CEO & Director Comp: $860.15kMr. Charles E. Christmas (Age 57)Exec. VP, CFO & Treasurer Comp: $571.68kMr. Raymond E. Reitsma (Age 60)Exec. VP & COO Comp: $650.26kMr. Robert T. Worthington (Age 48)Sr. VP, Chief Risk Officer, Gen. Counsel & Sec. Comp: $356.33kMr. Brett Hoover (Age 53)Human Resource Director & Sr. VP Mr. Mark S. AugustynSr. VP & Chief Lending Officer of Mercantile Bank of MichiganMr. Jeff KaiserSr. VP & Head of Risk Management DepartmentMore ExecutivesKey CompetitorsFirst Community BanksharesNASDAQ:FCBCCapital City Bank GroupNASDAQ:CCBGFirst FinancialNASDAQ:THFFMidWestOne Financial GroupNASDAQ:MOFGCNB FinancialNASDAQ:CCNEView All CompetitorsInsiders & InstitutionsTributary Capital Management LLCSold 11,870 shares on 1/27/2023Ownership: 1.946%Strs OhioSold 1,400 shares on 1/26/2023Ownership: 0.117%Fifth Third BancorpSold 694 shares on 1/25/2023Ownership: 0.014%David B RamakerBought 1,500 shares on 1/20/2023Total: $49,995.00 ($33.33/share)Well Done LLCBought 5,996 shares on 1/18/2023Ownership: 0.038%View All Insider TransactionsView All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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