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NASDAQ:MBWMMercantile Bank Stock Price, Forecast & News

$20.86
+0.24 (+1.16 %)
(As of 07/13/2020 04:00 PM ET)
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Compare
Today's Range
$20.16
Now: $20.86
$21.18
50-Day Range
$19.66
MA: $22.19
$25.75
52-Week Range
$18.64
Now: $20.86
$37.32
Volume26,420 shs
Average Volume53,275 shs
Market Capitalization$338.06 million
P/E Ratio7.10
Dividend Yield5.43%
Beta1.11
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. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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, as well as operates and 40 automated teller machines. The company operates 46 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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Mercantile Bank logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


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$3.21 per share
Book Value$25.50 per share

Profitability

Net Income$49.46 million

Miscellaneous

Employees631
Market Cap$338.06 million
Next Earnings Date7/21/2020 (Confirmed)
OptionableOptionable

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Mercantile Bank (NASDAQ:MBWM) Frequently Asked Questions

How has Mercantile Bank's stock been impacted by COVID-19 (Coronavirus)?

Mercantile Bank's stock was trading at $23.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MBWM stock has decreased by 11.9% and is now trading at $20.86. View which stocks have been most impacted by Coronavirus.

When is Mercantile Bank's next earnings date?

Mercantile Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Mercantile Bank.

How can I listen to Mercantile Bank's earnings call?

Mercantile Bank will be holding an earnings conference call on Tuesday, July 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Mercantile Bank's earnings last quarter?

Mercantile Bank Corp. (NASDAQ:MBWM) released its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.18. The financial services provider earned $36.87 million during the quarter, compared to analysts' expectations of $35.20 million. Mercantile Bank had a return on equity of 10.85% and a net margin of 26.18%. View Mercantile Bank's earnings history.

How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?

Mercantile Bank declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share on Wednesday, June 17th. This represents a $1.12 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, June 4th. View Mercantile Bank's dividend history.

Has Mercantile Bank been receiving favorable news coverage?

Media coverage about MBWM stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -3.2 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Mercantile Bank.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 212,200 shares, a decline of 15.2% from the June 15th total of 250,300 shares. Based on an average daily volume of 57,900 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.4% of the shares of the stock are sold short. View Mercantile Bank's Current Options Chain.

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), AbbVie (ABBV), AmerisourceBergen (ABC), IBM (IBM), Invesco (IVZ), Mercury General (MCY) and Marathon Petroleum (MPC).

Who are Mercantile Bank's key executives?

Mercantile Bank's management team includes the following 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)

What is Mercantile Bank's stock symbol?

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

Who are Mercantile Bank's major shareholders?

Mercantile Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.15%). 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 Envestnet 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 activity 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 $20.86.

How big of a company is Mercantile Bank?

Mercantile Bank has a market capitalization of $338.06 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.

What is Mercantile Bank's official website?

The official website for Mercantile Bank is 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]

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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