NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis → is this a buy and hold stock? (From Tips4Traders) (Ad) Free MBWM Stock Alerts $39.75 +0.65 (+1.66%) (As of 02:37 PM ET) Add Compare Share Share Today's Range$39.16▼$39.7550-Day Range$33.62▼$39.6152-Week Range$24.70▼$42.82Volume22,410 shsAverage Volume75,082 shsMarket Capitalization$640.77 millionP/E Ratio7.70Dividend Yield3.52%Price Target$47.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Mercantile Bank alerts: Email Address Mercantile Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside18.2% Upside$47.00 Price TargetShort InterestHealthy1.03% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment-0.02Based on 3 Articles This WeekInsider TradingAcquiring Shares$3,651 Bought Last QuarterProj. Earnings Growth-8.98%From $4.79 to $4.36 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.64 out of 5 starsFinance Sector391st out of 881 stocksState Commercial Banks Industry97th out of 179 stocks 2.2 Analyst's Opinion Consensus RatingMercantile Bank has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageMercantile Bank has only been the subject of 3 research reports in the past 90 days.Read more about Mercantile Bank's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.03% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently decreased by 11.95%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 3.59%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercantile Bank has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Mercantile Bank is 27.13%. 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 32.11% next year. This indicates that Mercantile Bank will be able to sustain or increase its dividend.Read more about Mercantile Bank's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MBWM. Previous Next 1.7 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of -0.02. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Mercantile Bank this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for MBWM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercantile Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,651.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.08% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Mercantile Bank are expected to decrease by -8.98% in the coming year, from $4.79 to $4.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 7.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.13.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 7.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 55.27.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.19. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Allegiance GoldDoes this make you sick?The US Dollar Is "Finished" A deteriorating economy, global instability, and a weakened banking system have pushed the U.S. financial system to the brink, imperiling the value of your savings and investments.Get your Free Wealth Protection Kit About Mercantile Bank Stock (NASDAQ:MBWM)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 MBWM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MBWM Stock News HeadlinesMay 12 at 2:34 AM | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Downgraded to "Neutral" at Janney Montgomery ScottMay 8, 2024 | msn.comMercantile Bank downgraded to Neutral as Janney assesses valuationMay 7, 2024 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Share Price Passes Above Two Hundred Day Moving Average of $37.14April 21, 2024 | msn.comMercantile Bank (NASDAQ:MBWM) Taking Steps to Attract DepositsApril 19, 2024 | finance.yahoo.comMercantile Bank Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsApril 18, 2024 | seekingalpha.comMercantile Bank Corporation (MBWM) Q1 2024 Earnings Call TranscriptApril 17, 2024 | seekingalpha.comMercantile Bank: Signs Of Weakening Are EvidentApril 17, 2024 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call TranscriptApril 16, 2024 | finance.yahoo.comMercantile Bank Corp (MBWM) Exceeds Q1 Earnings Estimates and Reports Revenue GrowthApril 16, 2024 | investorplace.comMBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024April 16, 2024 | seekingalpha.comMercantile Bank Corporation 2024 Q1 - Results - Earnings Call PresentationApril 16, 2024 | markets.businessinsider.comMercantile Bank Q1 Net Income Rises - Quick FactsApril 16, 2024 | msn.comMercantile Bank declares $0.35 dividendApril 16, 2024 | msn.comMercantile Bank GAAP EPS of $1.34 beats by $0.20, revenue of $58.2M beats by $2.82MApril 16, 2024 | prnewswire.comMercantile Bank Corporation Announces Robust First Quarter ResultsApril 16, 2024 | prnewswire.comMercantile Bank Corporation Declares Regular Cash DividendApril 15, 2024 | markets.businessinsider.comMercantile Bank earnings preview: what Wall Street is expectingApril 10, 2024 | forbes.comMercantile BankMarch 28, 2024 | finance.yahoo.comMercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and WebcastMarch 28, 2024 | prnewswire.comMercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and WebcastMarch 20, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Raymond James Financial (RJF), Mercantile Bank (MBWM) and Prosperity Bancshares (PB)March 3, 2024 | finance.yahoo.comWith 60% ownership, Mercantile Bank Corporation (NASDAQ:MBWM) boasts of strong institutional backingFebruary 17, 2024 | wsj.comMercantile Bank Corp.February 2, 2024 | finance.yahoo.comMercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.35January 18, 2024 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Call TranscriptSee More Headlines 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 Company Calendar Ex-Dividend for 3/13 Dividend2/29/2024Dividend Payable3/13/2024Last Earnings4/16/2024Today5/15/2024Ex-Dividend for 6/19 Dividend6/07/2024Dividend Payable6/19/2024Next Earnings (Estimated)7/16/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:MBWM CUSIP58737610 CIK1042729 Webwww.mercbank.com Phone(616) 406-3000Fax616-406-3737Employees642Year Founded1997Price Target and Rating Average Stock Price Target$47.00 High Stock Price Target$47.00 Low Stock Price Target$47.00 Potential Upside/Downside+20.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.16 Trailing P/E Ratio7.58 Forward P/E Ratio8.16 P/E GrowthN/ANet Income$82.22 million Net Margins25.58% Pretax Margin31.99% Return on Equity16.39% Return on Assets1.56% Debt Debt-to-Equity Ratio1.09 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$303.50 million Price / Sales2.08 Cash Flow$5.86 per share Price / Cash Flow6.67 Book Value$33.29 per share Price / Book1.17Miscellaneous Outstanding Shares16,120,000Free Float15,624,000Market Cap$630.29 million OptionableOptionable Beta0.98 Social Links The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Robert B. Kaminski Jr. (Age 62)President, CEO & Director Comp: $1.13MMr. Charles E. Christmas (Age 58)Executive VP, CFO & Treasurer Comp: $626.37kMr. Brett E. Hoover (Age 53)Executive VP & Chief Human Resource Officer Comp: $324.72kMr. Raymond E. Reitsma (Age 61)Executive VP & Director Comp: $819.64kMr. Scott P. Setlock (Age 42)Executive VP, COO & Secretary Mr. Mark S. AugustynChief Commercial Banking Officer of Mercantile BankMr. Jeff KaiserSenior VP & Head of Risk Management DepartmentMore ExecutivesKey CompetitorsMetroCity BanksharesNASDAQ:MCBSGreat Southern BancorpNASDAQ:GSBCCentury BancorpNASDAQ:CNBKAFirst Community BanksharesNASDAQ:FCBCHBT FinancialNASDAQ:HBTView All CompetitorsInsiders & InstitutionsStieven Capital Advisors L.P.Sold 92,977 shares on 5/14/2024Ownership: 0.597%Pitcairn Co.Sold 342 shares on 5/14/2024Ownership: 0.038%Shakespeare Wealth Management LLCSold 2,944 shares on 5/13/2024Ownership: 0.104%Hillsdale Investment Management Inc.Bought 6,200 shares on 5/11/2024Ownership: 0.490%Vanguard Group Inc.Bought 21,616 shares on 5/10/2024Ownership: 4.996%View All Insider TransactionsView All Institutional Transactions MBWM Stock Analysis - Frequently Asked Questions Should I buy or sell Mercantile Bank stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MBWM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBWM, but not buy additional shares or sell existing shares. View MBWM analyst ratings or view top-rated stocks. What is Mercantile Bank's stock price target for 2024? 3 brokerages have issued 12 month price objectives for Mercantile Bank's stock. Their MBWM share price targets range from $47.00 to $47.00. On average, they expect the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View analysts price targets for MBWM or view top-rated stocks among Wall Street analysts. How have MBWM shares performed in 2024? Mercantile Bank's stock was trading at $40.38 at the beginning of 2024. Since then, MBWM stock has decreased by 1.6% and is now trading at $39.75. View the best growth stocks for 2024 here. When is Mercantile Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024. View our MBWM earnings forecast. How were Mercantile Bank's earnings last quarter? Mercantile Bank Co. (NASDAQ:MBWM) announced its quarterly earnings data on Tuesday, April, 16th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.20. The financial services provider had revenue of $58.23 million for the quarter, compared to analysts' expectations of $55.20 million. Mercantile Bank had a net margin of 25.58% and a trailing twelve-month return on equity of 16.39%. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank declared a quarterly dividend on Thursday, April 11th. Investors of record on Friday, June 7th will be given a dividend of $0.35 per share on Wednesday, June 19th. This represents a $1.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, June 7th. Read our dividend analysis for MBWM. Is Mercantile Bank a good dividend stock? Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.59%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 32.11% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MBWM. What ETF holds Mercantile Bank's stock? First Trust Dow Jones Select Microcap Index Fund holds 42,145 shares of MBWM stock, representing 0.92% of its portfolio. What is Bob Kaminski's approval rating as Mercantile Bank's CEO? 1 employees have rated Mercantile Bank Chief Executive Officer Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among the company's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC). Who are Mercantile Bank's major shareholders? Mercantile Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.00%), Tributary Capital Management LLC (1.54%), LSV Asset Management (1.40%), Stieven Capital Advisors L.P. (0.60%), Hillsdale Investment Management Inc. (0.49%) and Assenagon Asset Management S.A. (0.43%). Insiders that own company stock include David B Ramaker, Lonna Wiersma, Michael H Price, Nelson F Sanchez and Robert T Worthington. View institutional ownership trends. 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. Compare Top Brokerages Here. 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