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

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

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 dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Mercantile Bank's previous quarterly dividend of $0.27. View Mercantile Bank's Dividend History.

Mercantile Bank Corp. (NASDAQ:MBWM) posted its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The financial services provider had revenue of $38.48 million for the quarter, compared to the consensus estimate of $36.40 million. Mercantile Bank had a return on equity of 11.06% and a net margin of 26.69%. View Mercantile Bank's Earnings History.

Mercantile Bank is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Mercantile Bank.

1 Wall Street analysts have issued 12 month price targets for Mercantile Bank's shares. Their forecasts range from $36.50 to $36.50. On average, they anticipate Mercantile Bank's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 7.3% 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.

Media headlines about MBWM stock have trended somewhat positive this week, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercantile Bank earned a daily sentiment score of 2.0 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 effect on the company's share price in the near term. View News Stories for Mercantile Bank.

Some companies that are related to Mercantile Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and TCF Financial (TCF).

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).

Mercantile Bank's stock is owned by many different 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%), Strs Ohio (0.11%), 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.

MBWM stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Wedge Capital Management L L P NC and Strs Ohio. 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.

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.

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 $34.02.

Mercantile Bank has a market capitalization of $555.89 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.

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]