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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
MBWM Stock Chart & Stats
Day’s Range― - ―
52-Week Range$33.46 - $52.98
Previous CloseN/A
Volume10.61K
Average Volume (3M)65.88K
Market Cap
$714.65M
Enterprise Value$1.31B
Total Cash (Recent Filing)$237.23M
Total Debt (Recent Filing)$819.25M
Price to Earnings (P/E)8.9
Beta1.10
Next Earnings
Apr 22, 2025EPS Estimate
1.19Last Dividend Ex-Date
Mar 07, 2025Dividend Yield3.17%
Share Statistics
EPS (TTM)4.93
Shares Outstanding16,230,911
10 Day Avg. Volume71,108
30 Day Avg. Volume65,877
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.21
Price to Cash Flow (P/CF)3.00
P/FCF Ratio1.30
Enterprise Value/Market Cap1.84
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit4.09
Enterprise Value/Ebitda11.83
Forecast
1Y Price Target
$55.50Price Target Upside26.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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Mercantile Bank News
PremiumCompany Announcements
Mercantile Bank Adopts New Executive Bonus Plan
PremiumCompany Announcements
Mercantile Bank’s Financial Health at Risk Amid Interest Rate Fluctuations
PremiumCompany Announcements
Mercantile Bank Introduces New Vesting Strategy for 2025
PremiumCompany Announcements
Mercantile Bank Q4 Earnings: Growth Amid Challenges
PremiumCompany Announcements
Mercantile Bank Reports Strong 2024 Financial Results
PremiumCompany Announcements
Mercantile Bank Reports 2024 Financial Performance Highlights---
Ownership Overview
3.18% Insiders
17.25% Mutual Funds
12.65% Other Institutional Investors
50.15% 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?
Mercantile Bank Corp.’s market cap is $714.65M.
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Apr 22, 2025 which is in 23 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Jan 21, 2025. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.144 by $0.076.
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 $0.37 which represents an annual dividend yield of 3.17%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is 1.19.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 16,230,911 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 $1.144. Following the earnings report the stock price went up 5.77%.
Which hedge fund is a major shareholder of Mercantile Bank Corp.?
Currently, no hedge funds are holding shares in MBWM
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Mercantile Bank Stock Smart Score
Neutral
1
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5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$55.50 (26.05% Upside)
$55.50 (26.05% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 75%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 300.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $615.9K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.22%
12-Months-Change
Fundamentals
Return on Equity
14.38%
Trailing 12-Months
Asset Growth
13.05%
Trailing 12-Months
Company Description
Mercantile Bank Corp.
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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
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MBWM Company Deck
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MBWM Earnings Call
Q4 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong loan and deposit growth, improved asset quality, and increased noninterest income. However, these positives were offset by decreased net income, a decline in net interest margin, and increased noninterest expenses.Read More>---
MBWM Stock 12 Month Forecast
Average Price Target
$55.50
▲(26.05% Upside)
Technical Analysis
First Financial Bancorp
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First Merchants
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Home Bancshares
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First Mid-Illinois Bancshares
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Merchants Bancorp
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Best Analysts Covering MBWM
1 Year
1 Year Success Rate
11/15 ratings generated profit
1 Year Average Return
+14.45%
assigned a buy rating 2 months ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 73.33% of your transactions generating a profit, with an average return of +14.45% per trade.
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