S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
NASDAQ:MBWM

Mercantile Bank (MBWM) Stock Price, News & Analysis

$38.04
+1.17 (+3.17%)
(As of 03/27/2024 ET)
Today's Range
$36.80
$38.04
50-Day Range
$35.30
$42.10
52-Week Range
$23.89
$42.82
Volume
62,146 shs
Average Volume
82,886 shs
Market Capitalization
$613.20 million
P/E Ratio
7.42
Dividend Yield
3.68%
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
0.37mentions of Mercantile Bank in the last 14 days
Based on 3 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.

3.18 out of 5 stars

Finance Sector

422nd out of 863 stocks

State Commercial Banks Industry

92nd out of 182 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Mercantile Bank Corp.
Q4 2023 Mercantile Bank Corp Earnings Call
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
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
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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
$6.04 per share
Book Value
$32.58 per share

Miscellaneous

Free Float
15,530,000
Market Cap
$613.20 million
Optionable
Optionable
Beta
0.97

Social Links

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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 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 at the beginning of 2024. Since then, MBWM shares have decreased by 5.8% and is now trading at $38.04.
View the best growth stocks for 2024 here
.

Are investors shorting Mercantile Bank?

Mercantile Bank saw a increase in short interest during 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 volume of 76,500 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the shares of the 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) released its earnings results on Tuesday, January, 16th. The financial services provider reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.03. The financial services provider earned $56.95 million during the quarter, compared to analysts' expectations of $56 million. Mercantile Bank had a trailing twelve-month return on equity of 16.85% and a net margin of 27.09%. During the same period in the previous year, the firm 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, January 11th. Stockholders of record on Friday, March 1st will be given a dividend of $0.35 per share on Wednesday, March 13th. This represents a $1.40 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend 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 many different institutional and retail investors. Top institutional investors 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

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