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

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$37.05 +0.61 (+1.67 %)
(As of 07/23/2018 11:25 AM ET)
Previous Close$37.20
Today's Range$36.82 - $37.20
52-Week Range$28.92 - $38.47
Volume112 shs
Average Volume38,302 shs
Market Capitalization$604.83 million
P/E Ratio19.68
Dividend Yield2.41%
Beta0.74
Mercantile Bank logoMercantile 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

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

Debt

Debt-to-Equity Ratio0.72
Current Ratio1.03
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio19.68
Forward P/E Ratio15.12
P/E Growth1.86

Sales & Book Value

Annual Sales$144.54 million
Price / Sales4.26
Cash Flow$2.5412 per share
Price / Cash14.58
Book Value$22.05 per share
Price / Book1.68

Profitability

EPS (Most Recent Fiscal Year)$1.89
Net Income$31.27 million
Net Margins23.91%
Return on Equity10.02%
Return on Assets1.12%

Miscellaneous

Employees584
Outstanding Shares16,600,000
Market Cap$604.83

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 Wednesday, July 18th. Investors of record on Friday, September 7th will be paid a dividend of $0.24 per share on Wednesday, September 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.22. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) issued its quarterly earnings data on Tuesday, July, 17th. The financial services provider reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The financial services provider had revenue of $33.78 million for the quarter, compared to the consensus estimate of $33.87 million. Mercantile Bank had a return on equity of 10.02% and a net margin of 23.91%. 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, October, 16th 2018. View Earnings Estimates for Mercantile Bank.

What price target have analysts set for MBWM?

3 brokers have issued 1 year price targets for Mercantile Bank's shares. Their forecasts range from $35.00 to $41.00. On average, they expect Mercantile Bank's share price to reach $37.50 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price. View Analyst Ratings for Mercantile Bank.

What is the consensus analysts' recommendation for Mercantile Bank?

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

Who are some of Mercantile Bank's key competitors?

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 56)
  • Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 52)
  • Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 43)
  • Mr. Raymond E. Reitsma, Sr. VP (Age 55)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director

Has Mercantile Bank been receiving favorable news coverage?

Press coverage about MBWM stock has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercantile Bank earned a news impact score of 0.14 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 45.86 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 $37.05.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $604.83 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.

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:  2.2 out of 5 (star star)
Outperform Votes:  142 (Vote Outperform)
Underperform Votes:  188 (Vote Underperform)
Total Votes:  330
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 7/23/2018 by MarketBeat.com Staff

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