MBWM Stock Overview
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 | 2/6 |
Financial Health | 6/6 |
Dividends | 5/6 |
Mercantile Bank Corporation Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$45.40 |
52 Week High | US$51.21 |
52 Week Low | US$30.59 |
Beta | 0.97 |
11 Month Change | 0.29% |
3 Month Change | -5.34% |
1 Year Change | 44.59% |
33 Year Change | 27.64% |
5 Year Change | 29.97% |
Change since IPO | 432.35% |
Recent News & Updates
Recent updates
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Oct 15Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36
Aug 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Jul 19Mercantile Bank: Q2 2024 Earnings Spike The Price
Jul 17Mercantile 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 21Shareholder Returns
MBWM | US Banks | US Market | |
---|---|---|---|
7D | 3.4% | 2.0% | 0.8% |
1Y | 44.6% | 56.9% | 38.3% |
Return vs Industry: MBWM underperformed the US Banks industry which returned 54.3% over the past year.
Return vs Market: MBWM exceeded the US Market which returned 36% over the past year.
Price Volatility
MBWM volatility | |
---|---|
MBWM Average Weekly Movement | 5.2% |
Banks Industry Average Movement | 4.4% |
Market Average Movement | 6.2% |
10% most volatile stocks in US Market | 14.8% |
10% least volatile stocks in US Market | 3.0% |
Stable Share Price: MBWM has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MBWM's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1997 | 653 | Ray Reitsma | 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$748.95m |
Earnings (TTM) | US$80.00m |
Revenue (TTM) | US$222.19m |
9.2x
P/E Ratio1.3x
P/B RatioIs MBWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MBWM income statement (TTM) | |
---|---|
Revenue | US$222.19m |
Cost of Revenue | US$0 |
Gross Profit | US$222.19m |
Other Expenses | US$142.19m |
Earnings | US$80.00m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
Earnings per share (EPS) | 4.96 |
Gross Margin | 100.00% |
Net Profit Margin | 36.00% |
Debt/Equity Ratio | 133.3% |
How did MBWM perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield28%
Payout RatioDoes MBWM pay a reliable dividends?
See MBWM dividend history and benchmarksMercantile Bank dividend dates | |
---|---|
Ex Dividend Date | Dec 06 2024 |
Dividend Pay Date | Dec 18 2024 |
Days until Ex dividend | 47 days |
Days until Dividend pay date | 59 days |
Does MBWM pay a reliable dividends?
See MBWM dividend history and benchmarks