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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Mercantile Bank (MBWM) Stock Price & Analysis
349 Followers
MBWM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.27 - $50.42
Previous Close$47.96
Volume93.64K
Average Volume (3M)65.34K
Market Cap
$773.15M
Enterprise Value$1.38B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$606.52M
Price to Earnings (P/E)9.5
Beta0.63
Next Earnings
Oct 15, 2024EPS Estimate
$1.17Next Dividend Ex-Date
Sep 06, 2024Dividend Yield2.88%
Share Statistics
EPS (TTM)5.05
Shares Outstanding16,120,758
10 Day Avg. Volume53,510
30 Day Avg. Volume65,338
Standard Deviation0.09
R-Squared0.31
Alpha-0.00089
Financial Highlights & Ratios
Price to Book (P/B)1.26
Price to Sales (P/S)2.63
Price to Cash Flow (P/CF)-20.40
P/FCF Ratio12.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.13
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$48.33Price Target Upside0.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Mercantile Bank News
PremiumCompany Announcements
Mercantile Bank Q2 2024 Results and Strategic Insights Webcast
PremiumCompany Announcements
Mercantile Bank Rolls Out Executive Bonus Program for 2024Ownership Overview
13.64% Insiders
17.41% Mutual Funds
17.52% Other Institutional Investors
51.42% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MBWM FAQ
What was Mercantile Bank Corp.’s price range in the past 12 months?
Mercantile Bank Corp. lowest stock price was $29.27 and its highest was $50.42 in the past 12 months.
What is Mercantile Bank Corp.’s market cap?
Currently, no data Available
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Oct 15, 2024 which is in 85 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Jul 16, 2024. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.01.
Is Mercantile Bank Corp. overvalued?
According to Wall Street analysts Mercantile Bank Corp.’s price is currently Undervalued.
Does Mercantile Bank Corp. pay dividends?
Mercantile Bank Corp. pays a Quarterly dividend of $0.36 which represents an annual dividend yield of 2.88%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is $1.17.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 16,120,758 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.17 in its last earnings report, beating expectations of $1.16. Following the earnings report the stock price went up 12.058%.
Which hedge fund is a major shareholder of Mercantile Bank Corp.?
Among the largest hedge funds holding Mercantile Bank Corp.’s share is Hotchkis & Wiley Capital Management LLC. It holds Mercantile Bank Corp.’s shares valued at 3M.
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Mercantile Bank Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$48.33 (0.77% Upside)
$48.33 (0.77% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 60.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $20.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.42%
12-Months-Change
Fundamentals
Return on Equity
15.78%
Trailing 12-Months
Asset Growth
9.05%
Trailing 12-Months
Company Description
Mercantile Bank Corp.
Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.
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MBWM Company Deck
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MBWM Earnings Call
Q2 2024
0:00 / 0:00
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MBWM Stock 12 Month Forecast
Average Price Target
$48.33
▲(0.77% Upside)
Technical Analysis
Best Analysts Covering MBWM
1 Year
1 Year Success Rate
11/13 ratings generated profit
1 Year Average Return
+19.88%
reiterated a buy rating 6 days ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +19.88% per trade.
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