Mercantile Bank Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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.
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Wall Street analysts have given Mercantile Bank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mercantile Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Mercantile Bank saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 151,700 shares, a drop of 25.7% from the August 15th total of 204,300 shares. Based on an average daily trading volume, of 45,400 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.0% of the shares of the company are sold short.
View Mercantile Bank's Short Interest.

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Mercantile Bank.

Mercantile Bank Co. (NASDAQ:MBWM) posted its quarterly earnings results on Monday, July, 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.34. The financial services provider had revenue of $45.43 million for the quarter, compared to the consensus estimate of $41.40 million. Mercantile Bank had a net margin of 28.63% and a trailing twelve-month return on equity of 13.18%.
View Mercantile Bank's earnings history.

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MBWM shares have increased by 23.8% and is now trading at $29.31.
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Mercantile Bank announced a quarterly dividend on Tuesday, July 20th. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.30 per share on Wednesday, September 15th. This represents a $1.20 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, September 2nd. This is an increase from Mercantile Bank's previous quarterly dividend of $0.29.
View Mercantile Bank's dividend history.

Mercantile Bank pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.10%. MBWM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mercantile Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Mercantile Bank is 43.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mercantile Bank will have a dividend payout ratio of 45.80% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.
View Mercantile Bank's dividend history.

1 brokerages have issued 12 month price targets for Mercantile Bank's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Mercantile Bank's stock price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 31.8%.
View analysts' price targets for Mercantile Bank or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Mercantile Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
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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).

Mercantile Bank trades on the NASDAQ under the ticker symbol "MBWM."

Mercantile Bank's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.91%), Dimensional Fund Advisors LP (7.47%), Vanguard Group Inc. (4.79%), Renaissance Technologies LLC (4.76%), Banc Funds Co. LLC (3.45%) and State Street Corp (2.05%). Company insiders that own Mercantile Bank stock include Michael H Price and Robert T Worthington.
View institutional ownership trends for Mercantile Bank.

MBWM stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, BlackRock Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., California Public Employees Retirement System, Dimensional Fund Advisors LP, Royal Bank of Canada, and Banc Funds Co. LLC.
View insider buying and selling activity for Mercantile Bank or view top insider-selling stocks.

MBWM stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management LLC, Charles Schwab Investment Management Inc., Regal Investment Advisors LLC, AQR Capital Management LLC, Millennium Management LLC, Hotchkis & Wiley Capital Management LLC, First Trust Advisors LP, and Morgan Stanley.
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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.
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One share of MBWM stock can currently be purchased for approximately $29.31.

Mercantile Bank has a market capitalization of $465.82 million and generates $193.49 million in revenue each year. The financial services provider earns $44.14 million in net income (profit) each year or $2.78 on an earnings per share basis.

Mercantile Bank employs 621 workers across the globe.

Mercantile Bank was founded in 1997.

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

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

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].