| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
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.
Rewards
Risk Analysis
No risks detected for MBWM from our risk checks.
Mercantile Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.14 |
| 52 Week High | US$40.01 |
| 52 Week Low | US$29.11 |
| Beta | 1.01 |
| 1 Month Change | 13.51% |
| 3 Month Change | 15.91% |
| 1 Year Change | 10.45% |
| 3 Year Change | 12.45% |
| 5 Year Change | 19.35% |
| Change since IPO | 323.77% |
Recent News & Updates
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Mercantile Bank Corporation's ( NASDAQ:MBWM ) dividend will be increasing from last year's payment of the same period...
Mercantile Bank raises dividend by 3.2% to $0.32
Mercantile Bank (NASDAQ:MBWM) declares $0.32/share quarterly dividend, 3.2% increase from prior dividend of $0.31. Forward yield 3.99% Payable Sept. 14; for shareholders of record Sept. 2; ex-div Sept. 1. See MBWM Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| MBWM | US Banks | US Market | |
|---|---|---|---|
| 7D | 4.4% | 5.3% | 3.2% |
| 1Y | 10.5% | -10.9% | -10.2% |
Return vs Industry: MBWM exceeded the US Banks industry which returned -10.9% over the past year.
Return vs Market: MBWM exceeded the US Market which returned -10.2% over the past year.
Price Volatility
| MBWM volatility | |
|---|---|
| MBWM Average Weekly Movement | 3.3% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 7.7% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MBWM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MBWM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 621 | Bob Kaminski | https://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 offers 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$572.58m |
| Earnings (TTM) | US$49.92m |
| Revenue (TTM) | US$174.39m |
11.5x
P/E Ratio1.3x
P/B RatioIs MBWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MBWM income statement (TTM) | |
|---|---|
| Revenue | US$174.39m |
| Cost of Revenue | US$0 |
| Gross Profit | US$174.39m |
| Other Expenses | US$124.47m |
| Earnings | US$49.92m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.15 |
| Gross Margin | 100.00% |
| Net Profit Margin | 28.63% |
| Debt/Equity Ratio | 167.8% |
How did MBWM perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield39%
Payout RatioDoes MBWM pay a reliable dividends?
See MBWM dividend history and benchmarks| Mercantile Bank dividend dates | |
|---|---|
| Ex Dividend Date | Sep 01 2022 |
| Dividend Pay Date | Sep 14 2022 |
| Days until Ex dividend | 17 days |
| Days until Dividend pay date | 30 days |
Does MBWM pay a reliable dividends?
See MBWM dividend history and benchmarks