NASDAQ:MBWM

Mercantile Bank Stock Forecast, Price & News

$30.37

+1.13 (+3.86 %)

(As of 03/1/2021 02:33 PM ET)

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Today's Range

$29.52

Now: $30.37▼

$30.49

50-Day Range

$27.15

MA: $28.84▼

$30.99

52-Week Range

$17.09

Now: $30.37▼

$31.78

Volume1,230 shs

Average Volume46,347 shs

Market Capitalization$493.03 million

P/E Ratio11.42

Dividend Yield3.83%

Beta1.12

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, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate 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 owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.

Headlines

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q4 2020 Results - Earnings Call Transcript
January 21, 2021 | seekingalpha.com

Recap: Mercantile Bank Q4 Earnings
January 19, 2021 | benzinga.com

Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2020 Results Conference Call and Webcast
January 5, 2021 | finance.yahoo.com

Should You Buy Mercantile Bank Corporation (NASDAQ:MBWM) For Its Upcoming Dividend?
November 28, 2020 | finance.yahoo.com

Should Value Investors Buy Mercantile Bank (MBWM) Stock?
November 17, 2020 | finance.yahoo.com

Michigan bank expanding beyond home state for first time with new Cincinnati office
November 4, 2020 | bizjournals.com

Mercantile Bank Of Michigan Announces Expansion Into Ohio With Opening Of New Mortgage Lending Center In Cincinnati
November 2, 2020 | finance.yahoo.com

Lake Trust Credit Union to Purchase Hastings Branch of Mercantile Bank of Michigan
October 26, 2020 | finance.yahoo.com

Here's What We Think About Mercantile Bank's (NASDAQ:MBWM) CEO Pay
October 22, 2020 | finance.yahoo.com

Mercantile Bank Corporation (MBWM) CEO Robert Kaminski On Q3 2020 Results - Quick Version Earnings Call Transcript
October 21, 2020 | seekingalpha.com

Mercantile Bank Corp (MBWM) Q3 2020 Earnings Call Transcript
October 20, 2020 | finance.yahoo.com

Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates
October 20, 2020 | nasdaq.com

See More Headlines

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

Phone616-406-3000

Employees621

Year FoundedN/A

Debt

Debt-to-Equity Ratio1.02

Current Ratio1.09

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio11.42

Forward P/E Ratio12.65

P/E GrowthN/A

Sales & Book Value

Annual Sales$185.29 million

Price / Sales2.66

Cash Flow$3.37 per share

Price / Cash Flow9.00

Book Value$25.50 per share

Price / Book1.19

Profitability

EPS (Most Recent Fiscal Year)$2.57

Net Income$49.46 million

Net Margins23.02%

Return on Equity9.67%

Return on Assets1.02%

Miscellaneous

Outstanding Shares16,234,000

Market Cap$493.03 million

Next Earnings Date4/20/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.54 out of 5 stars

Finance Sector

625th out of 1,938 stocks

State Commercial Banks Industry

143rd out of 310 stocks

1.0 Analyst's Opinion

Consensus Rating
Mercantile Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Mercantile Bank has a forecasted downside of 34.3% from its current price of $30.46.
Amount of Analyst Coverage
Mercantile Bank has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Mercantile Bank has received 292 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mercantile Bank has received 395 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mercantile Bank has received 57.50% “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.

2.5 Dividend Strength

Dividend Yield
Mercantile Bank pays a meaningful dividend of 3.83%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Mercantile Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Mercantile Bank is 43.58%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 64.74% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In 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 $87,640.00 in company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Mercantile Bank is held by insiders.
Percentage Held by Institutions
52.50% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Mercantile Bank are expected to decrease by -27.92% in the coming year, from $2.40 to $1.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercantile Bank is 11.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercantile Bank is 11.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.94.
Price to Book Value per Share Ratio
Mercantile Bank has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$30.37

+1.13 (+3.86 %)

(As of 03/1/2021 02:33 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

Is Mercantile Bank a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Mercantile Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBWM, but not buy additional shares or sell existing shares.
View analyst ratings for Mercantile Bank or view top-rated stocks.

What stocks does MarketBeat like better than Mercantile Bank?

Wall Street analysts have given Mercantile Bank a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mercantile Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, April 20th 2021.
View our earnings forecast for Mercantile Bank.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Co. (NASDAQ:MBWM) released its quarterly earnings results on Monday, January, 18th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Mercantile Bank had a trailing twelve-month return on equity of 9.67% and a net margin of 23.02%.
View Mercantile Bank's earnings history.

How has Mercantile Bank's stock been impacted by Coronavirus (COVID-19)?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MBWM stock has increased by 28.3% and is now trading at $30.37.
View which stocks have been most impacted by COVID-19.

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

Mercantile Bank announced a quarterly dividend on Tuesday, January 19th. Investors of record on Friday, March 5th will be paid a dividend of $0.29 per share on Wednesday, March 17th. This represents a $1.16 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, March 4th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.28.
View Mercantile Bank's dividend history.

Is Mercantile Bank a good dividend stock?

Mercantile Bank pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.83%. Mercantile Bank does not yet have a strock track record of dividend growth. The dividend payout ratio of Mercantile Bank is 43.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 64.74% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

What price target have analysts set for MBWM?

2 brokerages have issued 1 year price objectives for Mercantile Bank's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Mercantile Bank's stock price to reach $20.00 in the next year. This suggests that the stock has a possible downside of 34.1%.
View analysts' price targets for Mercantile Bank or view top-rated stocks among Wall Street analysts.

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 59, Pay $728.82k)
Mr. Charles E. Christmas, Exec. VP, CFO & Treasurer (Age 55, Pay $537.37k)
Mr. Robert T. Worthington, Sr. VP, COO, Gen. Counsel & Sec. (Age 46, Pay $349.35k)
Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director (Age 61, Pay $378.23k)
Mr. Raymond E. Reitsma, Exec. VP (Age 58, Pay $541.55k)
Mr. Mark S. Augustyn, Chief Lending Officer
Mr. Jeff Kaiser, Sr. VP & Head of Risk Management Department
Amy Kam, VP and Exec. Administrator of Mercantile Bank of Michigan

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

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

Who are some of Mercantile Bank's key competitors?

Some companies that are related to Mercantile Bank include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of MBWM's 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), 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.62%), Dimensional Fund Advisors LP (7.57%), Renaissance Technologies LLC (4.94%), Banc Funds Co. LLC (3.41%), Tributary Capital Management LLC (2.78%) and Northern Trust Corp (1.59%). Company insiders that own Mercantile Bank stock include Michael H Price and Robert T Worthington.
View institutional ownership trends for Mercantile Bank.

Which institutional investors are selling Mercantile Bank stock?

MBWM stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Tributary Capital Management LLC, Northern Trust Corp, Panagora Asset Management Inc., Wells Fargo & Company MN, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, and LaFleur & Godfrey LLC. 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 or view top insider-selling stocks.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was bought by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, BlackRock Inc., JPMorgan Chase & Co., LPL Financial LLC, Assenagon Asset Management S.A., Regal Investment Advisors LLC, Jacobs Asset Management LLC, and BHZ Capital Management LP.
View insider buying and selling activity for Mercantile Bank or or view top insider-buying stocks.

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 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 $30.37.

How much money does Mercantile Bank make?

Mercantile Bank has a market capitalization of $493.03 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.

How many employees does Mercantile Bank have?

Mercantile Bank employs 621 workers across the globe.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is www.mercbank.com.

Where are Mercantile Bank's headquarters?

Mercantile Bank is headquartered at 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504.

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 3/1/2021 by MarketBeat.com Staff

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