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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
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MBWM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.46 - $52.98
Previous Close$45.43
Volume180.23K
Average Volume (3M)64.34K
Market Cap
$733.33M
Enterprise Value$1.29B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$556.47M
Price to Earnings (P/E)9.1
Beta0.99
Next Earnings
Jan 21, 2025EPS Estimate
$1.14Last Dividend Ex-Date
Dec 06, 2024Dividend Yield3.08%
Share Statistics
EPS (TTM)4.97
Shares Outstanding16,141,929
10 Day Avg. Volume114,080
30 Day Avg. Volume64,344
Standard Deviation0.10
R-Squared0.29
Alpha0.00149
Financial Highlights & Ratios
Price to Book (P/B)1.26
Price to Sales (P/S)3.26
Price to Cash Flow (P/CF)-22.40
P/FCF Ratio9.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.61
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$49.75Price Target Upside9.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Mercantile Bank News
PremiumCompany Announcements
Mercantile Bank Strengthens Board and Updates Agreements
PremiumCompany Announcements
Mercantile Bank Approves New Compensation Plan for Executives
PremiumCompany Announcements
Mercantile Bank Reports Strong Q3 2024 Performance
PremiumPre-Earnings
Is MBWM a Buy, Before Earnings?
PremiumCompany Announcements
Mercantile Bank Q2 2024 Results and Strategic Insights WebcastOwnership Overview
2.62% Insiders
17.36% Mutual Funds
12.79% Other Institutional Investors
49.84% 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 $33.46 and its highest was $52.98 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 Jan 21, 2025 which is in 30 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Oct 15, 2024. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.172 by $0.048.
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 3.08%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is $1.14.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 16,141,930 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.22 in its last earnings report, beating expectations of $1.172. Following the earnings report the stock price went up 2.738%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$49.75 (9.51% Upside)
$49.75 (9.51% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 80%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 834.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $498.2K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.22%
12-Months-Change
Fundamentals
Return on Equity
15.00%
Trailing 12-Months
Asset Growth
12.69%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong local deposit growth and improvements in loan-to-deposit ratios, along with increased noninterest income and excellent asset quality. However, challenges such as declining net income, increased noninterest expenses, and net interest margin compression due to Federal Reserve rate cuts were also notable.Read More>---
MBWM Stock 12 Month Forecast
Average Price Target
$49.75
▲(9.51% Upside)
Technical Analysis
The First Of Long Island
―
Heartland Financial USA
―
First Financial Bancorp
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Community Bank System
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Best Analysts Covering MBWM
1 Year
1 Year Success Rate
11/14 ratings generated profit
1 Year Average Return
+16.44%
assigned a buy rating 2 months ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 78.57% of your transactions generating a profit, with an average return of +16.44% per trade.
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