NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News Adding Choose a 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 Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $22.34 +0.03 (+0.13 %) (As of 06/2/2020 04:00 PM ET) Add Compare Share Today's Range$22.19Now: $22.34▼$22.8850-Day Range$19.68MA: $21.91▼$25.1852-Week Range$18.64Now: $22.34▼$37.32Volume39,368 shsAverage Volume52,433 shsMarket Capitalization$362.04 millionP/E Ratio7.59Dividend Yield5.02%Beta1.09 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 40 automated teller machines. The company operates 46 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Mercantile Bank. Previous Next 2.1 Community Rank Outperform VotesMercantile Bank has received 286 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMercantile Bank has received 381 “underperform” votes. (Add your “underperform” vote.)Community SentimentMercantile Bank has received 57.12% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 5.02%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 7 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 43.58 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Mercantile Bank will have a dividend payout ratio of 93.33 % in the coming year. This indicates that Mercantile Bank may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $169,600.00 in company stock.Percentage Held by InsidersOnly 3.20% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions54.59% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -26.83% in the coming year, from $1.64 to $1.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 7.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 7.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.99.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.66 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:MBWM Previous Symbol CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone616-406-3000Debt Debt-to-Equity Ratio1.05 Current Ratio1.11 Quick Ratio1.11Price-To-Earnings Trailing P/E Ratio7.59 Forward P/E Ratio13.62 P/E GrowthN/A Sales & Book Value Annual Sales$185.29 million Price / Sales1.95 Cash Flow$3.09 per share Price / Cash Flow7.24 Book Value$25.50 per share Price / Book0.88Profitability EPS (Most Recent Fiscal Year)$2.57 Net Income$49.46 million Net Margins26.18% Return on Equity10.85% Return on Assets1.22%Miscellaneous Employees631 Outstanding Shares16,206,000Market Cap$362.04 million Next Earnings Date7/21/2020 (Estimated) OptionableOptionable NASDAQ:MBWM Rates by TradingView Receive MBWM News and Ratings via Email Sign-up to receive the latest news and ratings for MBWM and its competitors with MarketBeat's FREE daily newsletter. Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions How has Mercantile Bank's stock been impacted by COVID-19 (Coronavirus)? Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MBWM stock has decreased by 5.7% and is now trading at $22.31. View which stocks have been most impacted by Coronavirus. When is Mercantile Bank's next earnings date? Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Mercantile Bank. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.18. The financial services provider earned $36.87 million during the quarter, compared to the consensus estimate of $35.20 million. Mercantile Bank had a return on equity of 10.85% and a net margin of 26.18%. View Mercantile Bank's earnings history. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.28 per share on Wednesday, June 17th. This represents a $1.12 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, June 4th. View Mercantile Bank's dividend history. Has Mercantile Bank been receiving favorable news coverage? Press coverage about MBWM stock has been trending very negative on Tuesday, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercantile Bank earned a coverage optimism score of -3.5 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMercantile Bank. Are investors shorting Mercantile Bank? Mercantile Bank saw a decrease in short interest in May. As of May 15th, there was short interest totaling 225,900 shares, a decrease of 7.3% from the April 30th total of 243,800 shares. Based on an average trading volume of 59,500 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.5% of the shares of the company 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 Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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), Exxon Mobil (XOM), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ), Mercury General (MCY) and Marathon Petroleum (MPC). Who are Mercantile Bank's key executives? Mercantile Bank's management team includes the following 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 DirectorMr. Raymond E. Reitsma, Sr. VP (Age 56) 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.51%), Banc Funds Co. LLC (4.25%), Tributary Capital Management LLC (2.17%), State Street Corp (2.16%), North Star Asset Management Inc. (1.60%) and Geode Capital Management LLC (1.47%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price, Robert T Worthington 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 Banc Funds Co. LLC, Wellington Management Group LLP, Morgan Stanley, Tributary Capital Management LLC, UBS Group AG, Victory Capital Management Inc., Victory Capital Management Inc., and State Street Corp. Company insiders that have sold Mercantile Bank company stock in the last year include Michael H Price, and Robert T Worthington. View insider buying and selling activity 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 Acadian Asset Management LLC, Matarin Capital Management LLC, Geode Capital Management LLC, BlackRock Inc., Wells Fargo & Company MN, Aperio Group LLC, Advisor Group Holdings Inc., and Rhumbline Advisers. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Mercantile Bank's stock price today? One share of MBWM stock can currently be purchased for approximately $22.31. How big of a company is Mercantile Bank? Mercantile Bank has a market capitalization of $361.56 million and generates $185.29 million in revenue each year. The financial services provider earns $49.46 million in net income (profit) each year or $2.57 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe. What is Mercantile Bank's official website? The official website for Mercantile Bank is 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] This page was last updated on 6/2/2020 by MarketBeat.com Staff
