NASDAQ:MBWM Mercantile Bank (MBWM) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free MBWM Stock Alerts $38.04 +1.17 (+3.17%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$36.80▼$38.0450-Day Range$35.30▼$42.1052-Week Range$23.89▼$42.82Volume62,146 shsAverage Volume82,886 shsMarket Capitalization$613.20 millionP/E Ratio7.42Dividend Yield3.68%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 Sentiment0.37Based on 3 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.3.18 out of 5 starsFinance Sector422nd out of 863 stocksState Commercial Banks Industry92nd out of 182 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 1.9 News and Social Media Coverage News SentimentMercantile Bank has a news sentiment score of 0.37. 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 3 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 7.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercantile Bank is 7.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.65.Price to Book Value per Share RatioMercantile Bank has a P/B Ratio of 1.17. 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 Gold Safe ExchangeTrump’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.Protect your retirement savings from the inevitable devaluation of the dollar… 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 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 28, 2024 | Gold Safe Exchange (Ad)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.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 CallMarch 28, 2024 | Gold Safe Exchange (Ad)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.January 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 ...October 17, 2023 | finance.yahoo.comMercantile Bank Corporation Announces Retirement of President and Chief Executive Officer Robert B. Kaminski, Jr.October 17, 2023 | finance.yahoo.comMercantile Bank (MBWM) Surpasses Q3 Earnings and Revenue EstimatesSee 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 Ratio7.42 Forward P/E Ratio8.36 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 / Sales2.02 Cash Flow$6.04 per share Price / Cash Flow6.30 Book Value$32.58 per share Price / Book1.17Miscellaneous Outstanding Shares16,120,000Free Float15,530,000Market Cap$613.20 million OptionableOptionable Beta0.97 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. 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 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThe 3rd Revolution in WarfareWeiss RatingsDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsIs AI Energy Really 4 Million Times More Powerful Than Oil? (Surprising Answer)Banyan Hill Publishing 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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