MBWM Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Mercantile Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.49 |
| 52 Week High | US$42.82 |
| 52 Week Low | US$23.89 |
| Beta | 0.99 |
| 1 Month Change | -1.03% |
| 3 Month Change | -10.76% |
| 1 Year Change | 30.60% |
| 3 Year Change | 15.51% |
| 5 Year Change | 7.01% |
| Change since IPO | 327.87% |
Recent News & Updates
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19
Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Recent updates
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Jan 22Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67
Jan 19Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold
Jan 19Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Aug 28Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34
Aug 14Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Jul 21Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Apr 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M
Oct 18Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Jul 22Mercantile Bank raises dividend by 3.2% to $0.32
Jul 19Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31
Jan 21Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now
May 20Mercantile Bank (NASDAQ:MBWM) Could Be A Buy For Its Upcoming Dividend
Feb 27How Much Of Mercantile Bank Corporation (NASDAQ:MBWM) Do Insiders Own?
Feb 16Shareholders Are Loving Mercantile Bank Corporation's (NASDAQ:MBWM) 3.9% Yield
Jan 21
Shareholder Returns
| MBWM | US Banks | US Market | |
|---|---|---|---|
| 7D | 5.7% | 5.3% | 1.0% |
| 1Y | 30.6% | 31.6% | 21.9% |
Return vs Industry: MBWM underperformed the US Banks industry which returned 34.4% over the past year.
Return vs Market: MBWM exceeded the US Market which returned 24.9% over the past year.
Price Volatility
| MBWM volatility | |
|---|---|
| MBWM Average Weekly Movement | 5.2% |
| Banks Industry Average Movement | 4.5% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: MBWM has not had significant price volatility in the past 3 months.
Volatility Over Time: MBWM's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 642 | Bob Kaminski | www.mercbank.com |
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.
Mercantile Bank Corporation Fundamentals Summary
| MBWM fundamental statistics | |
|---|---|
| Market cap | US$588.10m |
| Earnings (TTM) | US$82.81m |
| Revenue (TTM) | US$220.18m |
7.1x
P/E Ratio1.1x
P/B RatioIs MBWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MBWM income statement (TTM) | |
|---|---|
| Revenue | US$220.18m |
| Cost of Revenue | US$0 |
| Gross Profit | US$220.18m |
| Other Expenses | US$137.38m |
| Earnings | US$82.81m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.14 |
| Gross Margin | 100.00% |
| Net Profit Margin | 37.61% |
| Debt/Equity Ratio | 151.8% |
How did MBWM perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield26%
Payout RatioDoes MBWM pay a reliable dividends?
See MBWM dividend history and benchmarks| Mercantile Bank dividend dates | |
|---|---|
| Ex Dividend Date | Jun 07 2024 |
| Dividend Pay Date | Jun 19 2024 |
| Days until Ex dividend | 42 days |
| Days until Dividend pay date | 54 days |
Does MBWM pay a reliable dividends?
See MBWM dividend history and benchmarks