Mercantile Bank Stock Price, News & Analysis (NASDAQ:MBWM)

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

Mercantile Bank announced a quarterly dividend on Tuesday, October 15th. Investors of record on Friday, December 6th will be paid a dividend of $0.27 per share on Wednesday, December 18th. This represents a $1.08 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, December 5th. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) issued its quarterly earnings data on Tuesday, October, 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The financial services provider had revenue of $38.28 million for the quarter, compared to analyst estimates of $36.69 million. Mercantile Bank had a net margin of 26.36% and a return on equity of 11.55%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Mercantile Bank.

1 brokerages have issued twelve-month price targets for Mercantile Bank's shares. Their forecasts range from $36.50 to $36.50. On average, they expect Mercantile Bank's stock price to reach $36.50 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantile Bank.

Headlines about MBWM stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercantile Bank earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Mercantile Bank.

Mercantile Bank saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 198,100 shares, an increase of 72.3% from the August 30th total of 115,000 shares. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is presently 5.6 days. Currently, 1.3% of the shares of the stock are sold short. View Mercantile Bank's Current Options Chain.

Some companies that are related to Mercantile Bank include United Community Banks (UCBI), Independent Bank Group (IBTX), First Bancorp (FBP), Hilltop (HTH), Renasant (RNST), TowneBank (TOWN), Great Western Bancorp (GWB), Banner (BANR), Pacific Premier Bancorp (PPBI), ServisFirst Bancshares (SFBS), Heartland Financial USA (HTLF), Eagle Bancorp (EGBN), First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF) and Veritex (VBTX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), News (NWSA), Triumph Bancorp (TBK), salesforce.com (CRM), Vitalhub (VHI), Aspen Technology (AZPN), Blueprint Medicines (BPMC) and Citrix Systems (CTXS).

Mercantile Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (2.31%), Envestnet Asset Management Inc. (0.18%), Campbell & CO Investment Adviser LLC (0.05%) and Bailard Inc. (0.04%). Company insiders that own Mercantile Bank stock include Edward B Grant, Lonna Wiersma, Michael H Price and Thomas R Sullivan. View Institutional Ownership Trends for Mercantile Bank.

MBWM stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC and Envestnet Asset Management Inc.. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, Lonna Wiersma and Thomas R Sullivan. View Insider Buying and Selling for Mercantile Bank.

MBWM stock was acquired by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC and Bailard Inc.. View Insider Buying and Selling for 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.

One share of MBWM stock can currently be purchased for approximately $34.87.

Mercantile Bank has a market capitalization of $572.57 million and generates $160.99 million in revenue each year. The financial services provider earns $42.02 million in net income (profit) each year or $2.53 on an earnings per share basis. Mercantile Bank employs 631 workers across the globe.View Additional Information About Mercantile Bank.

The official website for Mercantile Bank is http://www.mercbank.com/.

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]