Mercantile Bank (MBWM) Projected to Post Earnings on Tuesday

Mercantile Bank (NASDAQ:MBWM) is expected to be releasing its Q2 2025 earnings data before the market opens on Tuesday, July 15th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $60.02 million for the quarter.

Mercantile Bank (NASDAQ:MBWM) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.02. Mercantile Bank had a return on equity of 13.33% and a net margin of 21.35%. The company had revenue of $57.20 million for the quarter, compared to analyst estimates of $57.57 million. On average, analysts expect Mercantile Bank to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mercantile Bank Trading Down 1.7%

Shares of MBWM stock opened at $48.96 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $44.88 and its two-hundred day simple moving average is $44.88. Mercantile Bank has a 1 year low of $37.76 and a 1 year high of $52.98. The company has a market cap of $795.11 million, a PE ratio of 10.16 and a beta of 0.89.

Mercantile Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, June 6th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, June 6th. This represents a $1.48 annualized dividend and a yield of 3.02%. Mercantile Bank’s dividend payout ratio (DPR) is 30.71%.

Institutional Trading of Mercantile Bank

A number of large investors have recently made changes to their positions in MBWM. AQR Capital Management LLC lifted its stake in Mercantile Bank by 21.2% in the first quarter. AQR Capital Management LLC now owns 92,045 shares of the financial services provider’s stock valued at $3,998,000 after buying an additional 16,092 shares during the period. Royal Bank of Canada raised its position in shares of Mercantile Bank by 5.6% in the 1st quarter. Royal Bank of Canada now owns 68,824 shares of the financial services provider’s stock valued at $2,989,000 after acquiring an additional 3,621 shares during the period. Empowered Funds LLC grew its holdings in Mercantile Bank by 4.1% during the first quarter. Empowered Funds LLC now owns 57,731 shares of the financial services provider’s stock worth $2,508,000 after buying an additional 2,255 shares in the last quarter. Jane Street Group LLC increased its position in shares of Mercantile Bank by 21.0% during the 1st quarter. Jane Street Group LLC now owns 15,952 shares of the financial services provider’s stock valued at $693,000 after purchasing an additional 2,772 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Mercantile Bank by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,360 shares of the financial services provider’s stock worth $407,000 after acquiring an additional 382 shares during the period. 58.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their price objective on Mercantile Bank from $50.00 to $47.50 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd.

About Mercantile Bank

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.