NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis $49.76 +0.79 (+1.60%) As of 07/3/2025 01:04 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Mercantile Bank Stock (NASDAQ:MBWM) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Mercantile Bank alerts:Sign Up Key Stats Today's Range$48.52▼$49.9550-Day Range$41.84▼$49.7652-Week Range$37.76▼$52.98Volume159,955 shsAverage Volume65,845 shsMarket Capitalization$808.02 millionP/E Ratio10.32Dividend Yield2.97%Price Target$52.83Consensus RatingModerate Buy Company Overview Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to 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 provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. Read More Mercantile Bank Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks55th Percentile Overall ScoreMBWM MarketRank™: Mercantile Bank scored higher than 55% of companies evaluated by MarketBeat, and ranked 1708th out of 2,763 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.3 / 5Analyst RatingModerate Buy Consensus RatingMercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageMercantile Bank has only been the subject of 1 research reports in the past 90 days.Read more about Mercantile Bank's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth3.11% Earnings GrowthEarnings for Mercantile Bank are expected to grow by 3.11% in the coming year, from $4.83 to $4.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 10.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 10.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.06.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mercantile Bank's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.94% of the float of Mercantile Bank has been sold short.Short Interest Ratio / Days to CoverMercantile Bank has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently increased by 3.88%, indicating that investor sentiment is decreasing. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldMercantile Bank pays a meaningful dividend of 3.02%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMercantile Bank has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 30.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mercantile Bank will have a dividend payout ratio of 29.72% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.94% of the float of Mercantile Bank has been sold short.Short Interest Ratio / Days to CoverMercantile Bank has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently increased by 3.88%, indicating that investor sentiment is decreasing. News and Social Media1.9 / 5News Sentiment0.36 News SentimentMercantile Bank has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Mercantile Bank this week, compared to 3 articles on an average week. Company Ownership1.7 / 5Insider TradingSelling Shares 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 $10,712.00 in company stock.Percentage Held by InsidersOnly 3.20% of the stock of Mercantile Bank is held by insiders.Percentage Held by Institutions58.63% of the stock of Mercantile Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mercantile Bank's insider trading history. Receive MBWM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercantile Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address MBWM Stock News HeadlinesMercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and Webcast - NasdaqJuly 2 at 4:54 AM | nasdaq.comMercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and Webcast - Seeking AlphaJuly 2 at 4:54 AM | seekingalpha.comElon’s BIGGEST warning yet?Tesla's About to Prove Everyone Wrong... Again Back in 2018, when Jeff Brown told everyone to buy Tesla… The "experts" said Elon was finished and Tesla was headed for bankruptcy. Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough.July 4 at 2:00 AM | Brownstone Research (Ad)Mercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and WebcastJune 30, 2025 | prnewswire.comInvestors in Mercantile Bank (NASDAQ:MBWM) have seen solid returns of 141% over the past five yearsJune 18, 2025 | uk.finance.yahoo.comMERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVESMay 1, 2025 | prnewswire.comKBW Sticks to Its Buy Rating for Mercantile Bank (MBWM)April 25, 2025 | theglobeandmail.comMercantile bank targets 3-5% loan growth in uncertain 2025 environmentApril 23, 2025 | msn.comSee More Headlines MBWM Stock Analysis - Frequently Asked Questions How have MBWM shares performed this year? Mercantile Bank's stock was trading at $44.49 at the beginning of the year. Since then, MBWM shares have increased by 11.8% and is now trading at $49.7550. How were Mercantile Bank's earnings last quarter? Mercantile Bank Corporation (NASDAQ:MBWM) released its quarterly earnings results on Tuesday, April, 22nd. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.19 by $0.02. The financial services provider earned $57.20 million during the quarter, compared to analyst estimates of $57.57 million. Mercantile Bank had a net margin of 21.35% and a trailing twelve-month return on equity of 13.33%. Read the conference call transcript. How do I buy shares of Mercantile Bank? Shares of MBWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Mercantile Bank own? Based on aggregate information from My MarketBeat watchlists, some other companies that Mercantile Bank investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), e.l.f. Beauty (ELF) and Jabil (JBL). Company Calendar Last Earnings4/22/2025Record date for 6/18 Dividend6/06/2025Ex-Dividend for 6/18 Dividend6/06/2025Dividend Payable6/18/2025Today7/04/2025Next Earnings (Estimated)7/15/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry BANKS - MIDWEST Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees670Year Founded1997Price Target and Rating Average Stock Price Target$52.83 High Stock Price Target$57.00 Low Stock Price Target$47.50 Potential Upside/Downside+6.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Trailing Twelve Months)$4.82 Trailing P/E Ratio10.32 Forward P/E Ratio10.30 P/E GrowthN/ANet Income$79.59 million Net Margins21.35% Pretax Margin26.24% Return on Equity13.33% Return on Assets1.31% Debt Debt-to-Equity Ratio0.83 Current Ratio0.99 Quick Ratio0.99 Sales & Book Value Annual Sales$361.89 million Price / Sales2.23 Cash Flow$5.67 per share Price / Cash Flow8.78 Book Value$36.20 per share Price / Book1.37Miscellaneous Outstanding Shares16,240,000Free Float15,715,000Market Cap$808.02 million OptionableOptionable Beta0.89 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? 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