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NASDAQ:MBWM - Mercantile Bank Stock Price, Forecast & News

$34.70
-0.10 (-0.29 %)
(As of 01/23/2020 04:00 PM ET)
Today's Range
$34.16
Now: $34.70
$35.13
50-Day Range
$34.80
MA: $35.91
$37.05
52-Week Range
$29.78
Now: $34.70
$37.32
Volume50,500 shs
Average Volume32,613 shs
Market Capitalization$566.86 million
P/E Ratio11.53
Dividend Yield3.10%
Beta0.86
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$3.10 per share
Book Value$22.61 per share

Profitability

Net Income$42.02 million

Miscellaneous

Employees631
Market Cap$566.86 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. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share on Wednesday, March 18th. This represents a $1.12 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, March 5th. This is a boost 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) issued its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The financial services provider had revenue of $38.48 million for 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.

What price target have analysts set for MBWM?

1 equities research analysts have issued 1 year price targets for Mercantile Bank's stock. 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 twelve months. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets for Mercantile Bank.

What is the consensus analysts' recommendation 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.

Has Mercantile Bank been receiving favorable news coverage?

News articles about MBWM stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercantile Bank earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect 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 number of of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (2.25%), Wedge Capital Management L L P NC (0.23%), First National Bank of Omaha (0.14%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and Nisa Investment Advisors LLC (0.00%). 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 Tributary Capital Management LLC and Wedge Capital Management L L P NC. Company insiders that have sold Mercantile Bank company stock in the last year include Edward B Grant, 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 bought by a variety of institutional investors in the last quarter, including First National Bank of Omaha, Zurcher Kantonalbank Zurich Cantonalbank and Nisa Investment Advisors LLC. 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 $34.70.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $566.86 million and generates $185.29 million in revenue each year. The financial services provider earns $42.02 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:  259 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  601
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 1/23/2020 by MarketBeat.com Staff

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