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MBWM

Mercantile Bank NasdaqGS:MBWM Stock Report

Last Price

US$36.14

Market Cap

US$572.6m

7D

4.4%

1Y

10.5%

Updated

14 Aug, 2022

Data

Company Financials +
MBWM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

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.

Mercantile Bank Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mercantile Bank
Historical stock prices
Current Share PriceUS$36.14
52 Week HighUS$40.01
52 Week LowUS$29.11
Beta1.01
1 Month Change13.51%
3 Month Change15.91%
1 Year Change10.45%
3 Year Change12.45%
5 Year Change19.35%
Change since IPO323.77%

Recent News & Updates

Jul 22
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32

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...

Jul 19

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

MBWMUS BanksUS Market
7D4.4%5.3%3.2%
1Y10.5%-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

Is MBWM's price volatile compared to industry and market?
MBWM volatility
MBWM Average Weekly Movement3.3%
Banks Industry Average Movement3.7%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
1997621Bob Kaminskihttps://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

How do Mercantile Bank's earnings and revenue compare to its market cap?
MBWM fundamental statistics
Market CapUS$572.58m
Earnings (TTM)US$49.92m
Revenue (TTM)US$174.39m

11.5x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MBWM income statement (TTM)
RevenueUS$174.39m
Cost of RevenueUS$0
Gross ProfitUS$174.39m
Other ExpensesUS$124.47m
EarningsUS$49.92m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.15
Gross Margin100.00%
Net Profit Margin28.63%
Debt/Equity Ratio167.8%

How did MBWM perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

39%

Payout Ratio

Does MBWM pay a reliable dividends?

See MBWM dividend history and benchmarks
When do you need to buy MBWM by to receive an upcoming dividend?
Mercantile Bank dividend dates
Ex Dividend DateSep 01 2022
Dividend Pay DateSep 14 2022
Days until Ex dividend17 days
Days until Dividend pay date30 days

Does MBWM pay a reliable dividends?

See MBWM dividend history and benchmarks