NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis → Crypto Market Preps For Trillions Worth of Inflows! (From Crypto 101 Media) (Ad) Free MBWM Stock Alerts $38.49 +0.45 (+1.18%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$37.82▼$38.5450-Day Range$35.30▼$42.1052-Week Range$23.89▼$42.82Volume110,129 shsAverage Volume79,697 shsMarket Capitalization$620.46 millionP/E Ratio7.50Dividend Yield3.64%Price TargetN/A 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 RatingN/AUpside/DownsideN/AShort InterestHealthy1.00% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.25Based on 5 Articles This WeekInsider TradingAcquiring Shares$3,651 Bought Last QuarterProj. Earnings Growth-3.74%From $4.55 to $4.38 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.3.16 out of 5 starsFinance Sector459th out of 851 stocksState Commercial Banks Industry106th out of 175 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Mercantile Bank. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.00% 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 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercantile Bank has recently increased by 47.77%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipMercantile Bank is a leading dividend payer. It pays a dividend yield of 3.80%, 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 27.29%. 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 31.96% 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 1.8 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 0.25. 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 is a lower news sentiment than the 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Mercantile Bank this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for MBWM on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Mercantile Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 3.03% 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 -3.74% in the coming year, from $4.55 to $4.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercantile Bank is 7.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 7.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.63.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.18. 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 Crypto 101 MediaSHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. 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 HeadlinesMarch 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 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 22, 2024 | americanbankingnews.comMercantile Bank (NASDAQ:MBWM) Stock Crosses Above 200-Day Moving Average of $35.96March 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 $0.35March 29, 2024 | MarketBeat (Ad)Your $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionJanuary 18, 2024 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Call TranscriptJanuary 17, 2024 | finance.yahoo.comQ4 2023 Mercantile Bank Corp Earnings CallJanuary 16, 2024 | finance.yahoo.comMercantile Bank Corp (MBWM) Reports Solid 2023 Financial Results Amidst Rising Interest RatesJanuary 16, 2024 | finance.yahoo.comMercantile Bank (MBWM) Reports Q4 Earnings: What Key Metrics Have to SayJanuary 16, 2024 | seekingalpha.comMercantile Bank Corporation 2023 Q4 - Results - Earnings Call PresentationJanuary 16, 2024 | markets.businessinsider.comMercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 ResultsJanuary 16, 2024 | finance.yahoo.comMercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 ResultsJanuary 15, 2024 | markets.businessinsider.comHere's what Wall Street expects from Mercantile Bank's earnings reportJanuary 10, 2024 | msn.comUnveiling Mercantile Bank (MBWM) Q4 Outlook: Wall Street Estimates for Key MetricsDecember 23, 2023 | finance.yahoo.comMercantile Bank (NASDAQ:MBWM) shareholders have earned a 19% CAGR over the last three yearsDecember 21, 2023 | finance.yahoo.comMercantile Bank Corporation Announces Fourth Quarter and Full Year 2023 Results Conference Call and WebcastDecember 7, 2023 | morningstar.comMercantile Bank Corp MBWMDecember 2, 2023 | benzinga.comMercantile Bank Stock (NASDAQ:MBWM), Guidance and ForecastOctober 18, 2023 | finance.yahoo.comMercantile Bank Corporation (NASDAQ:MBWM) Q3 2023 Earnings Call TranscriptOctober 18, 2023 | finance.yahoo.comQ3 2023 Mercantile Bank Corp Earnings CallOctober 18, 2023 | seekingalpha.comMercantile Bank: Market Reacts Well To Q3 2023 EarningsOctober 17, 2023 | finance.yahoo.comMercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to SayOctober 17, 2023 | finance.yahoo.comMercantile Bank Corp (MBWM) Reports Robust Q3 2023 Results with Significant Year-Over-Year ...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. Email Address Company Calendar Last Earnings1/16/2024Ex-Dividend for 3/13 Dividend2/29/2024Dividend Payable3/13/2024Today3/28/2024Next Earnings (Estimated)4/16/2024Fiscal 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 Founded1997Profitability EPS (Most Recent Fiscal Year)$5.13 Trailing P/E Ratio7.50 Forward P/E Ratio8.46 P/E GrowthN/ANet Income$82.22 million Net Margins27.09% Pretax Margin33.84% Return on Equity16.85% Return on Assets1.59% Debt Debt-to-Equity Ratio1.16 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$303.50 million Price / Sales2.04 Cash Flow$6.11 per share Price / Cash Flow6.30 Book Value$32.58 per share Price / Book1.18Miscellaneous Outstanding Shares16,120,000Free Float15,629,000Market Cap$620.46 million OptionableOptionable Beta0.97 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.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. Scott P. SetlockExecutive VP, COO & SecretaryMr. 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 CompetitorsMetroCity BanksharesNASDAQ:MCBSHBT FinancialNASDAQ:HBTUnivest FinancialNASDAQ:UVSPFirst Community BanksharesNASDAQ:FCBCGreat Southern BancorpNASDAQ:GSBCView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 816 shares on 3/22/2024Ownership: 0.040%Vanguard Group Inc.Sold 16,147 shares on 3/11/2024Ownership: 4.862%Nelson F SanchezBought 100 shares on 3/11/2024Total: $3,651.00 ($36.51/share)Goldman Sachs Group Inc.Sold 1,867 shares on 3/1/2024Ownership: 0.245%Voisard Asset Management Group Inc.Bought 944 shares on 2/20/2024Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions MBWM Stock Analysis - Frequently Asked Questions Should I buy or sell Mercantile Bank stock right now? 2 Wall Street equities 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 equities 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 on January 1st, 2024. Since then, MBWM stock has 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 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 volume of 76,500 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the company's stock are short sold. 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) announced its quarterly earnings data on Tuesday, January, 16th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.03. The financial services provider had revenue of $56.95 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.37 EPS. How often does Mercantile Bank pay dividends? What is the dividend yield for Mercantile Bank? Mercantile Bank declared a quarterly dividend on Thursday, January 11th. Stockholders 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 is Thursday, February 29th. This is an increase 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 variety 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryOnly a fool would buy Nvidia today… Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mercantile Bank Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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