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Market Cap 564.63M P/E 7.11 EPS this Y -7.60% Ern Qtrly Grth 2.80%
Income 82.81M Forward P/E 8.81 EPS next Y -7.40% 50D Avg Chg 18.00%
Sales 220.18M PEG 0.95 EPS past 5Y 17.11% 200D Avg Chg 12.00%
Dividend 4.00% Price/Book 1.18 EPS next 5Y 8.00% 52W High Chg -5.00%
Recommedations 2.20 Quick Ratio - Shares Outstanding 16.12M 52W Low Chg 48.00%
Insider Own 3.31% ROA 1.60% Shares Float 15.62M Beta 0.99
Inst Own 60.66% ROE 16.50% Shares Shorted/Prior 182.49K/155.64K Price 35.25
Gross Margin - Profit Margin 37.61% Avg. Volume 40,987 Target Price 41.67
Oper. Margin 48.64% Earnings Date Jul 16 Volume 29,626 Change 0.03%
About Mercantile Bank Corporation

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.

Mercantile Bank Corporation News
04/19/24 Mercantile Bank Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
04/18/24 Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript (Updated)
04/16/24 Mercantile Bank Corp (MBWM) Exceeds Q1 Earnings Estimates and Reports Revenue Growth
04/16/24 Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
04/16/24 Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates
04/16/24 Mercantile Bank Corporation Announces Robust First Quarter Results
04/16/24 Mercantile Bank Corporation Declares Regular Cash Dividend
10:16 AM Should You Be Adding Mercantile Bank (NASDAQ:MBWM) To Your Watchlist Today?
03/28/24 Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast
03/13/24 All You Need to Know About Mercantile Bank (MBWM) Rating Upgrade to Strong Buy
03/05/24 Mercantile Bank (MBWM) Soars 5.7%: Is Further Upside Left in the Stock?
03/03/24 With 60% ownership, Mercantile Bank Corporation (NASDAQ:MBWM) boasts of strong institutional backing
02/02/24 Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.35
01/29/24 Top 7 Dividend Stocks for a Tax-Efficient Portfolio in 2024
01/19/24 Mercantile Bank's (NASDAQ:MBWM) Shareholders Will Receive A Bigger Dividend Than Last Year
01/18/24 Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Call Transcript
01/17/24 Q4 2023 Mercantile Bank Corp Earnings Call
01/16/24 Mercantile Bank Corp (MBWM) Reports Solid 2023 Financial Results Amidst Rising Interest Rates
01/16/24 Mercantile Bank (MBWM) Reports Q4 Earnings: What Key Metrics Have to Say
01/16/24 Mercantile Bank (MBWM) Q4 Earnings and Revenues Top Estimates
MBWM Chatroom

User Image mikesterz7 Posted - 04/16/24

$MBWM Analysts on Wall Street project that Mercantile Bank will announce quarterly earnings of $1.14 per share in its forthcoming report, representing a decline of 13% year over year. Revenues are projected to reach $55.2 million, declining 0.3% from the same quarter last year.

User Image epsguid Posted - 04/16/24

$MBWM reported earnings of $1.34, consensus was $1.14 via @eWhispers #epsbeat http://eps.sh/d/mbwm

User Image Stock_Titan Posted - 04/16/24

$MBWM Mercantile Bank Corporation Announces Robust First Quarter Results https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-announces-robust-first-quarter-742ex4xkrdlv.html

User Image Stock_Titan Posted - 03/28/24

$MBWM Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-announces-first-quarter-2024-results-tijjp7yyxh93.html

User Image howardmyerss Posted - 03/20/24

$PPHP $MBWM A member made over $10,000 in PROFITS after following alerts from the 14-day FREE trial! Activate 14 - DAY FREE TRIAL=>๐Ÿ‘‡๐Ÿ‘‡

User Image swingingtech Posted - 03/05/24

$MBWM $THFF https://wallstreetwaves.com/mercantile-bank-mbwm-soars-5-7-is-further-upside-left-in-the-stock/

User Image UncleStock Posted - 02/15/24

$MBWM $HAFC $FCNCA $TRST suggested for Banks - value screen: https://zpr.io/HhkC6

User Image TickerDD_com Posted - 02/08/24

From 1/31/2024, looking back across 22 Month-Ends for MBWM, Percentage Change of Average Monthly Price had More Negatives (55%) while Percentage Change of Average Monthly Volume had All Positives (100%) $MBWM #MBWM #MBWMStock #TickerDD #MBWMPrice https://www.youtube.com/watch?v=1Q4OOGXwPM8

User Image tickeron Posted - 01/23/24

How will this affect the market? $MBWM price may drop as it broke higher Bollinger Band. View odds of downtrend. https://srnk.us/go/4976485

User Image StockAutomatePro Posted - 01/22/24

$MBWM Stock market is looking optimistic based on the chart. We alerted the BUY signal at $34.71 and we were able to close this one with profit at $41.2 ๐ŸŽฏ

User Image epsguid Posted - 01/16/24

$MBWM reported earnings of $1.25, consensus was $1.22 via @eWhispers #epsbeat http://eps.sh/d/mbwm

User Image DonCorleone77 Posted - 01/16/24

$MBWM Mercantile Bank upgraded to Buy at Janney after 'another solid quarter' Janney Montgomery Scott analyst John Rodis upgraded Mercantile Bank to Buy from Neutral with a fair value estimate of $43, up from $36, after the bank reported what the firm calls "another solid quarter." Loan growth is expected to remain above peer levels, if below the FY23 pace, says the analyst, whose revised FY24 EPS estimate is $4.40 and FY25 estimate is $4.26.

User Image STCKPRO Posted - 01/16/24

$MBWM NEW ARTICLE : Mercantile Bank Corporation (MBWM) Q4 2023 Earnings Call Transcript https://www.stck.pro/news/MBWM/72881074/

User Image cctranscripts Posted - 01/16/24

Worth checking out notes proposed in relation to $MBWM earnings call transcript https://conferencecalltranscripts.com/summary/?id=536415&pr=true

User Image STCKPRO Posted - 01/16/24

$MBWM NEW ARTICLE : Mercantile Bank Corporation 2023 Q4 - Results - Earnings Call Presentation https://www.stck.pro/news/MBWM/72872028/

User Image Last10K Posted - 01/16/24

$MBWM just filed with the SEC a Earnings Release, a Regulated Disclosure and a Financial Exhibit https://last10k.com/sec-filings/MBWM/0001437749-24-001324.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=MBWM

User Image cctranscripts Posted - 01/16/24

Mercantile Bank Corporation Announces Strong Fourth Quarter And https://www.conferencecalltranscripts.org/summary/?id=12868322 $MBWM

User Image OpenOutcrier Posted - 01/16/24

$MBWM (+4.8% pre) Mercantile Bank: Q4 Earnings Snapshot - AP https://ooc.bz/l/22069

User Image epsguid Posted - 01/16/24

$MBWM reported earnings of $1.25, consensus was $1.22 via @eWhispers #epsbeat http://eps.sh/d/mbwm

User Image STCKPRO Posted - 01/16/24

$MBWM NEW ARTICLE : Mercantile Bank GAAP EPS of $1.25 beats by $0.01, revenue of $57M beats by $0.89M https://www.stck.pro/news/MBWM/72849371/

User Image DonCorleone77 Posted - 01/16/24

$MBWM Mercantile Bank increases quarterly cash dividend to 35c per share Mercantile Bank announced that on its board of directors declared a regular quarterly cash dividend of 35c per common share, payable on March 13 to holders of record as of March 1. The 35c cash dividend is approximately 3% and 6% higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively.

User Image DonCorleone77 Posted - 01/16/24

$MBWM Mercantile Bank reports Q4 EPS $1.25, consensus $1.24 Reports Q4 revenue $57M, consensus $56.11M. Reports Q4 CET1 capital ratio 10.99%. Reports Q4 tangible book value per share $29.31. Reports Q4 net charge-offs .01%. "We are very pleased to report another year of outstanding financial results," said Robert Kaminski, Jr., president and CEO of Mercantile. "Our robust operating performance was driven by a substantial increase in net interest income, which was up approximately 22 percent in 2023 compared to 2022 mainly due to a higher net interest margin and solid commercial loan and residential mortgage loan growth. As demonstrated by the continuing growth in the loan portfolio and sustained strength in asset quality metrics, our lending team remains focused on meeting the credit needs of existing clients and developing relationships with new customers while adhering to sound underwriting practices...."

User Image STCKPRO Posted - 01/16/24

$MBWM NEW ARTICLE : Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results https://www.stck.pro/news/MBWM/72849002/

User Image STCKPRO Posted - 01/16/24

$MBWM NEW ARTICLE : Mercantile Bank Corporation Increases Regular Cash Dividend https://www.stck.pro/news/MBWM/72848935/

User Image tickeron Posted - 01/15/24

Mercantile Bank Corp to report earnings on January 16, 2024. Earnings per share (EPS) estimate: $1.24 $MBWM https://srnk.us/go/4969123

User Image cctranscripts Posted - 01/02/24

Mercantile Bank Corporation insider just declared owning 27,312 shares of Mercantile Bank Corpo https://www.conferencecalltranscripts.org/summary/?id=12834836 $MBWM

User Image Stock_Titan Posted - 12/21/23

$MBWM Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-announces-fourth-quarter-and-full-year-3e2l0z7g8gm9.html

User Image EarningsInsider Posted - 12/14/23

Mercantile Bank Sees Short Interest Decrease from 119,700 shares to 90,700 shares. $MBWM https://www.marketbeat.com/stocks/NASDAQ/MBWM/shor

User Image dividendinvestorbyeagle Posted - 12/08/23

$MBWM hit 52 week high (Mercantile Bank Corp.) https://www.dividendinvestor.com/dividend-news/?symbol=mbwm http://dlvr.it/SzvJjL

User Image tickeron Posted - 11/21/23

If youโ€™re trading this week, Read This! $MBWM RSI Indicator left the overbought zone. View odds of downtrend. https://srnk.us/go/4921232

Analyst Ratings
Keefe, Bruyette & Woods Outperform Apr 17, 24
Piper Sandler Overweight Mar 7, 23
Raymond James Market Perform Jan 18, 23
Raymond James Outperform Oct 19, 22
Raymond James Outperform Oct 6, 22
Raymond James Strong Buy Mar 2, 22
Raymond James Outperform Jan 19, 22
Piper Sandler Neutral Sep 29, 20
Keefe, Bruyette & Woods Outperform Jul 18, 18
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
PRICE MICHAEL H Director Director Jul 26 Sell 34.29 4,000 137,160 30,080 07/28/23
RAMAKER DAVID B Director Director Jan 20 Buy 33.33 1,500 49,995 7,394 01/20/23
RAMAKER DAVID B Director Director Aug 18 Buy 36.58 3,000 109,740 5,894 08/22/22
CHRISTMAS CHARLES E EVP AND CFO EVP AND CFO Jan 27 Option 36.22 1,000 36,220 61,648 01/27/22
PRICE MICHAEL H Director Director Jan 25 Sell 39.04 1,053 41,109 43,889 01/27/22
KAMINSKI ROBERT B PRESIDENT, CEO PRESIDENT, CEO Jan 25 Option 27.66 1,200 33,192 83,749 01/27/22
Wiersma Lonna SVP, HUMAN RESOURCES.. SVP, HUMAN RESOURCES DIRECTOR Jan 24 Option 36.22 500 18,110 13,019 01/26/22
Wiersma Lonna SVP, HUMAN RESOURCES.. SVP, HUMAN RESOURCES DIRECTOR Jan 24 Sell 38.77 4,214 163,377 01/26/22
Worthington Robert T. SVP, CRO, SECRETARY,.. SVP, CRO, SECRETARY, AND GC Jan 21 Sell 38.11 3,000 114,330 14,059 01/25/22
CHRISTMAS CHARLES E EVP AND CFO EVP AND CFO Aug 26 Option 24.91 2,000 49,820 43,920 08/26/21