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S&P 500   3,373.23 (-0.38%)
DOW   29,219.98 (-0.44%)
QQQ   234.78 (-0.93%)
S&P 500   3,373.23 (-0.38%)
DOW   29,219.98 (-0.44%)
QQQ   234.78 (-0.93%)
S&P 500   3,373.23 (-0.38%)
DOW   29,219.98 (-0.44%)
QQQ   234.78 (-0.93%)
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NASDAQ:MBWM - Mercantile Bank Stock Price, Forecast & News

$32.90
+0.20 (+0.61 %)
(As of 02/21/2020 08:58 AM ET)
Today's Range
$32.57
Now: $32.90
$33.11
50-Day Range
$32.70
MA: $34.22
$36.27
52-Week Range
$29.78
Now: $32.90
$37.32
Volume27,629 shs
Average Volume34,780 shs
Market Capitalization$537.59 million
P/E Ratio10.93
Dividend Yield3.30%
Beta0.83
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$185.29 million
Cash Flow$3.14 per share
Book Value$22.61 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$537.59 million
Next Earnings Date4/21/2020 (Estimated)
OptionableOptionable

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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 Tuesday, January 21st. Investors of record on Friday, March 6th will be paid a dividend of $0.28 per share on Wednesday, March 18th. This represents a $1.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Thursday, March 5th. This is a positive change from Mercantile Bank's previous quarterly dividend of $0.27. View Mercantile Bank's Dividend History.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) posted its earnings results on Tuesday, January, 21st. The financial services provider reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.15. The financial services provider earned $38.48 million during the quarter, compared to analysts' expectations of $36.40 million. Mercantile Bank had a net margin of 26.69% and a return on equity of 11.06%. 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, April 21st 2020. View Earnings Estimates for Mercantile Bank.

Has Mercantile Bank been receiving favorable news coverage?

News coverage about MBWM stock has trended negative this week, according to InfoTrie. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercantile Bank earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Mercantile Bank.

Who are some of Mercantile Bank's key 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), News (NWSA), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ) and Mercury General (MCY).

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)
  • Ms. Lonna L. Wiersma, Sr. VP & Human Resource Director
  • Mr. Raymond E. Reitsma, Sr. VP (Age 56)

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.56%), Banc Funds Co. LLC (4.82%), Tributary Capital Management LLC (2.25%), State Street Corp (2.22%), North Star Asset Management Inc. (1.59%) and Bank of America Corp DE (1.50%). 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 institutional 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, Martingale Asset Management L P, Bessemer Group Inc., LSV Asset Management, Tributary Capital Management LLC, Bank of America Corp DE, Victory Capital Management Inc. and North Star Asset Management Inc.. 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 for Mercantile Bank.

Which institutional investors are buying Mercantile Bank stock?

MBWM stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, State Street Corp, Bank of New York Mellon Corp, Geode Capital Management LLC, Goldman Sachs Group Inc., UBS Group AG and Russell Investments Group Ltd.. View Insider Buying and Selling 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 $32.90.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $537.59 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.View Additional Information About Mercantile Bank.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is http://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]


MarketBeat Community Rating for Mercantile Bank (NASDAQ MBWM)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  267 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  617
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 2/21/2020 by MarketBeat.com Staff

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