NasdaqGS - Nasdaq Real Time Price USD

Mercantile Bank Corporation (MBWM)

36.97 +0.51 (+1.41%)
As of 12:34 PM EDT. Market Open.
Loading Chart for MBWM
DELL
  • Previous Close 36.46
  • Open 36.47
  • Bid 36.87 x 100
  • Ask 37.08 x 100
  • Day's Range 36.24 - 37.13
  • 52 Week Range 23.89 - 42.82
  • Volume 11,828
  • Avg. Volume 78,566
  • Market Cap (intraday) 596.118M
  • Beta (5Y Monthly) 0.99
  • PE Ratio (TTM) 7.21
  • EPS (TTM) 5.13
  • Earnings Date Jul 16, 2024 - Jul 22, 2024
  • Forward Dividend & Yield 1.40 (3.84%)
  • Ex-Dividend Date Jun 6, 2024
  • 1y Target Est 41.67

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.

www.mercbank.com

642

Full Time Employees

December 31

Fiscal Year Ends

Recent News: MBWM

Performance Overview: MBWM

Trailing total returns as of 4/23/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MBWM
7.55%
S&P 500
6.30%

1-Year Return

MBWM
34.17%
S&P 500
22.67%

3-Year Return

MBWM
32.74%
S&P 500
22.62%

5-Year Return

MBWM
36.63%
S&P 500
74.36%

Compare To: MBWM

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Statistics: MBWM

Valuation Measures

Annual
As of 4/22/2024
  • Market Cap

    587.82M

  • Enterprise Value

    --

  • Trailing P/E

    7.11

  • Forward P/E

    7.81

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    2.59

  • Price/Book (mrq)

    1.13

  • Enterprise Value/Revenue

    --

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    37.61%

  • Return on Assets (ttm)

    1.60%

  • Return on Equity (ttm)

    16.50%

  • Revenue (ttm)

    220.18M

  • Net Income Avi to Common (ttm)

    82.81M

  • Diluted EPS (ttm)

    5.13

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    237.23M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: MBWM

Analyst Price Targets

37.00
41.67 Average
36.97 Current
47.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Company Insights: MBWM

Fair Value

36.97 Current
 

Dividend Score

0 Low
MBWM
Sector Avg.
100 High
 

Hiring Score

0 Low
MBWM
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
MBWM
Sector Avg.
100 High
 

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