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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone616-406-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$144.54 million
Profitability
Miscellaneous
Employees584
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 Wednesday, October 17th. Investors of record on Friday, December 7th will be given a dividend of $0.25 per share on Wednesday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, December 6th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.24. View Mercantile Bank's Dividend History.
How were Mercantile Bank's earnings last quarter?
Mercantile Bank Corp. (NASDAQ:MBWM) announced its quarterly earnings data on Tuesday, April, 17th. The financial services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.10. The financial services provider earned $34.58 million during the quarter, compared to analyst estimates of $33.03 million. Mercantile Bank had a net margin of 24.66% and a return on equity of 10.33%. View Mercantile Bank's Earnings History.
When is Mercantile Bank's next earnings date?
What price target have analysts set for MBWM?
2 equities research analysts have issued 12-month price objectives for Mercantile Bank's stock. Their predictions range from $37.00 to $41.00. On average, they anticipate Mercantile Bank's stock price to reach $38.3333 in the next twelve months. This suggests a possible upside of 19.2% 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?
Press coverage about MBWM stock has trended very positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercantile Bank earned a coverage optimism score of 3.2 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are some of Mercantile Bank's key competitors?
Some companies that are related to Mercantile Bank include Independent Bank (INDB), First Bancorp (FBP), Renasant (RNST), Great Western Bancorp (GWB), United Community Banks (UCBI), TowneBank (TOWN), Hilltop (HTH), Eagle Bancorp (EGBN), ServisFirst Bancshares (SFBS), Banner (BANR), Pacific Premier Bancorp (PPBI), Ameris Bancorp (ABCB), Heartland Financial USA (HTLF), Independent Bank Group (IBTX) and S & T Bancorp (STBA).
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 Nisa Investment Advisors LLC (0.03%). Company insiders that own Mercantile Bank stock include Edward J Clark, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.
Which institutional investors are buying Mercantile Bank stock?
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 $32.15.
How big of a company is Mercantile Bank?
Mercantile Bank has a market capitalization of $533.51 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.
What is Mercantile Bank's official website?
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)
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.
