NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis → Don’t Miss Out on the AI Gold Rush That’s Just Getting Started (From Banyan Hill Publishing) (Ad) Free MBWM Stock Alerts $36.88 +0.42 (+1.15%) (As of 03:58 PM ET) Add Compare Share Share Today's Range$36.24▼$37.1350-Day Range$33.62▼$38.9652-Week Range$23.89▼$42.82Volume43,092 shsAverage Volume78,787 shsMarket Capitalization$594.51 millionP/E Ratio7.15Dividend Yield3.80%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 RatingModerate Buy2.67 Rating ScoreUpside/Downside27.4% Upside$47.00 Price TargetShort InterestHealthy0.96% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.50Based on 13 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.4.29 out of 5 starsFinance Sector233rd out of 838 stocksState Commercial Banks Industry54th out of 177 stocks 3.3 Analyst's Opinion Consensus RatingMercantile Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageMercantile Bank has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.96% 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 1.9, 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 3.86%, indicating that investor sentiment is improving. Previous Next 5.0 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 3.88%, 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MBWM. Previous Next 2.5 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Mercantile Bank this week, compared to 1 article on an average week.Search Interest4 people have searched for MBWM on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 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. 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 7.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 7.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.84.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingDon’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.See how you can invest alongside him 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 HeadlinesApril 21, 2024 | msn.comMercantile Bank (NASDAQ:MBWM) Taking Steps to Attract DepositsApril 21, 2024 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Trading 3.9% Higher April 23, 2024 | Banyan Hill Publishing (Ad)Don’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 19, 2024 | finance.yahoo.comMercantile Bank Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsApril 19, 2024 | americanbankingnews.comKeefe, Bruyette & Woods Reiterates Outperform Rating for Mercantile Bank (NASDAQ:MBWM)April 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 23, 2024 | Banyan Hill Publishing (Ad)Don’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 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 TranscriptJanuary 17, 2024 | finance.yahoo.comQ4 2023 Mercantile Bank Corp Earnings CallSee 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 Last Earnings1/16/2024Ex-Dividend for 3/13 Dividend2/29/2024Dividend Payable3/13/2024Today4/23/2024Ex-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) 406-3000Fax616-406-3737Employees631Year 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+27.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.16 Trailing P/E Ratio7.15 Forward P/E Ratio7.70 P/E GrowthN/ANet Income$82.22 million Net Margins25.58% Pretax Margin33.84% Return on Equity16.74% Return on Assets1.58% Debt Debt-to-Equity Ratio1.16 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$303.50 million Price / Sales1.96 Cash Flow$5.98 per share Price / Cash Flow6.17 Book Value$32.58 per share Price / Book1.13Miscellaneous Outstanding Shares16,120,000Free Float15,625,000Market Cap$594.51 million OptionableOptionable Beta0.97 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Robert B. Kaminski Jr. (Age 62)President, CEO & Director Comp: $1.06MMr. Charles E. Christmas (Age 58)Executive VP, CFO & Treasurer Comp: $589.46kMr. Raymond E. Reitsma (Age 61)Executive VP & Director Comp: $719.9kMr. Brett E. Hoover (Age 53)Executive VP & Chief Human Resource Officer Mr. Mark S. AugustynChief Commercial Banking Officer of Mercantile BankMr. Jeff KaiserSenior VP & Head of Risk Management DepartmentMore ExecutivesKey CompetitorsUnivest FinancialNASDAQ:UVSPMetroCity BanksharesNASDAQ:MCBSHBT FinancialNASDAQ:HBTFirst Community BanksharesNASDAQ:FCBCBusiness First BancsharesNASDAQ:BFSTView All CompetitorsInsiders & InstitutionsFifth Third BancorpSold 694 shares on 4/23/2024Ownership: 0.009%Denali Advisors LLCBought 9,500 shares on 4/19/2024Ownership: 0.105%Tributary Capital Management LLCSold 65,584 shares on 4/18/2024Ownership: 1.537%Allspring Global Investments Holdings LLCBought 392 shares on 4/18/2024Ownership: 0.029%Hennion & Walsh Asset Management Inc.Bought 1,523 shares on 4/17/2024Ownership: 0.066%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 year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MBWM shares. View MBWM analyst ratings or view top-rated stocks. What is Mercantile Bank's stock price target for 2024? 3 Wall Street analysts have issued 12-month target prices for Mercantile Bank's shares. Their MBWM share price targets range from $47.00 to $47.00. On average, they anticipate the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 27.4% 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 on January 1st, 2024. Since then, MBWM shares have decreased by 8.7% and is now trading at $36.88. 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) posted its quarterly earnings results on Tuesday, January, 16th. The financial services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. The financial services provider earned $56.95 million during the quarter, compared to the consensus estimate of $56 million. Mercantile Bank had a trailing twelve-month return on equity of 16.74% and a net margin of 25.58%. During the same period in the prior year, the business earned $1.37 EPS. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank announced a quarterly dividend on Thursday, April 11th. Shareholders 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 3.80%. The ex-dividend date of this dividend 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 3.88%. 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 ETFs hold Mercantile Bank's stock? ETFs with the largest weight of Mercantile Bank (NASDAQ:MBWM) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM).First Trust RBA American Industrial Renaissance ETF (AIRR). 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 a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (1.54%), Denali Advisors LLC (0.11%), Hennion & Walsh Asset Management Inc. (0.07%), Allspring Global Investments Holdings LLC (0.03%) and Fifth Third Bancorp (0.01%). 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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