S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:MBWM

Mercantile Bank (MBWM) Stock Price, News & Analysis

$38.49
+0.45 (+1.18%)
(As of 03/28/2024 ET)
Today's Range
$37.82
$38.54
50-Day Range
$35.30
$42.10
52-Week Range
$23.89
$42.82
Volume
110,129 shs
Average Volume
79,697 shs
Market Capitalization
$620.46 million
P/E Ratio
7.50
Dividend Yield
3.64%
Price Target
N/A

Mercantile Bank MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Mercantile Bank in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$3,651 Bought Last Quarter
Proj. Earnings Growth
-3.74%
From $4.55 to $4.38 Per Share

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.

3.15 out of 5 stars

Finance Sector

413th out of 849 stocks

State Commercial Banks Industry

88th out of 178 stocks

MBWM stock logo

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.

MBWM Stock Price History

MBWM Stock News Headlines

Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Mercantile Bank Corp.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Q4 2023 Mercantile Bank Corp Earnings Call
Here's what Wall Street expects from Mercantile Bank's earnings report
Mercantile Bank Corp MBWM
Q3 2023 Mercantile Bank Corp Earnings Call
Mercantile Bank: Market Reacts Well To Q3 2023 Earnings
See 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.

Company Calendar

Last Earnings
1/16/2024
Ex-Dividend for 3/13 Dividend
2/29/2024
Dividend Payable
3/13/2024
Today
3/28/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:MBWM
CUSIP
58737610
Employees
631
Year Founded
1997

Profitability

Net Income
$82.22 million
Pretax Margin
33.84%

Debt

Sales & Book Value

Annual Sales
$303.50 million
Cash Flow
$6.11 per share
Book Value
$32.58 per share

Miscellaneous

Free Float
15,629,000
Market Cap
$620.46 million
Optionable
Optionable
Beta
0.97

Social Links

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Key Executives

  • Mr. Robert B. Kaminski Jr. (Age 62)
    President, CEO & Director
    Comp: $1.06M
  • Mr. Charles E. Christmas (Age 58)
    Executive VP, CFO & Treasurer
    Comp: $589.46k
  • Mr. Raymond E. Reitsma (Age 61)
    Executive VP & Director
    Comp: $719.9k
  • Mr. Scott P. Setlock
    Executive VP, COO & Secretary
  • Mr. Brett E. Hoover (Age 53)
    Executive VP & Chief Human Resource Officer
  • Mr. Mark S. Augustyn
    Chief Commercial Banking Officer of Mercantile Bank
  • Mr. Jeff Kaiser
    Senior VP & Head of Risk Management Department

MBWM Stock Analysis - Frequently Asked Questions

Should I buy or sell Mercantile Bank stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MBWM shares.
View MBWM analyst ratings
or view top-rated stocks.

How have MBWM shares performed in 2024?

Mercantile Bank's stock was trading at $40.38 at the beginning of the year. Since then, MBWM shares have decreased by 4.7% and is now trading at $38.49.
View the best growth stocks for 2024 here
.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 155,600 shares, an increase of 47.8% from the February 29th total of 105,300 shares. Based on an average daily trading volume, of 76,500 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.0% of the company's shares are sold short.
View Mercantile Bank's Short Interest
.

When is Mercantile Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.03. The financial services provider had revenue of $56.95 million for the quarter, compared to analyst estimates of $56 million. Mercantile Bank had a net margin of 27.09% and a trailing twelve-month return on equity of 16.85%. During the same quarter in the previous year, the company earned $1.37 earnings per share.

How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank?

Mercantile Bank announced a quarterly dividend on Thursday, January 11th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.35 per share on Wednesday, March 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 29th. This is a positive change from the stock's previous quarterly dividend of $0.34.
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 3.80%. 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 27.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 31.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBWM.

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 shareholders include Dimensional Fund Advisors LP (7.19%), Vanguard Group Inc. (4.89%), Vanguard Group Inc. (4.86%), Banc Funds Co. LLC (2.94%), North Star Asset Management Inc. (2.26%) and Tributary Capital Management LLC (1.96%). 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.

This page (NASDAQ:MBWM) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners