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Market Cap 564.63M P/E 7.11 EPS this Y -6.20% Ern Qtrly Grth -7.70%
Income 81.23M Forward P/E 8.81 EPS next Y -7.50% 50D Avg Chg 18.00%
Sales 220.24M PEG 1.11 EPS past 5Y 16.18% 200D Avg Chg 12.00%
Dividend 4.00% Price/Book 1.18 EPS next 5Y 8.00% 52W High Chg -5.00%
Recommedations 2.80 Quick Ratio - Shares Outstanding 16.14M 52W Low Chg 48.00%
Insider Own 3.28% ROA 1.51% Shares Float 15.64M Beta 0.97
Inst Own 64.23% ROE 15.78% Shares Shorted/Prior 137.25K/168.79K Price 35.25
Gross Margin - Profit Margin 36.88% Avg. Volume 40,987 Target Price 48.75
Oper. Margin 44.17% Earnings Date Oct 15 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
11/08/24 US Dividend Stocks To Watch In November 2024
10/17/24 Top US Dividend Stocks To Watch In October 2024
10/16/24 Mercantile Bank Third Quarter 2024 Earnings: Beats Expectations
10/16/24 Q3 2024 Mercantile Bank Corp Earnings Call
10/16/24 Mercantile Bank Corp (MBWM) Q3 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ...
10/15/24 Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
10/15/24 Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates
10/15/24 Mercantile Bank: Q3 Earnings Snapshot
10/15/24 Mercantile Bank Corporation Announces Strong Third Quarter Results
10/15/24 Mercantile Bank Corporation Declares Regular Cash Dividend
10/10/24 What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings
09/30/24 Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
09/01/24 With 63% institutional ownership, Mercantile Bank Corporation (NASDAQ:MBWM) is a favorite amongst the big guns
07/22/24 Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
07/19/24 Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$49.75
07/17/24 Q2 2024 Mercantile Bank Corp Earnings Call
07/16/24 Mercantile Bank (MBWM) Meets Q2 Earnings Estimates
07/16/24 Mercantile Bank Corporation Announces Solid Second Quarter Results
07/16/24 Mercantile Bank Corporation Increases Regular Cash Dividend
07/09/24 Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline
MBWM Chatroom

User Image NVDAMillionaire Posted - 1 day ago

$MBWM Mercantile Bank Corporation (MBWM): Navigating the Evolving Landscape with Prudence and Resilience https://beyondspx.com/article/mercantile-bank-corporation-mbwm-navigating-the-evolving-landscape-with-prudence-and-resilience

User Image insiderbuyingselling Posted - 2 weeks ago

$MBWM new insider selling: 250 shares. http://insiderbuyingselling.com/?t=MBWM

User Image EarningsCentral Posted - 1 month ago

$MBWM Mercantile Bank Corp Earnings Call Recap for Q3 2024 https://youtu.be/ML_bUXlzpvc

User Image DonCorleone77 Posted - 1 month ago

$MBWM Mercantile Bank reports Q3 EPS $1.22, consensus $1.17 Reports Q3 revenue $58M, consensus $56.83M. Reports Q3 tangible book value per share $33.07.Reports Q3 CET1 capital ratio 11.42%. "We are very pleased to report another quarter of strong financial performance, especially when taking into consideration the challenges associated with recent economic and operating conditions," said Ray Reitsma, president and CEO of Mercantile. "The notable increases in local deposits and commercial loans during the quarter depict our continuing focus on relationship banking, meeting the needs of current customers, and attracting new clients. Our strong operating results reflect an ongoing healthy net interest margin, solid growth in several noninterest income revenue streams, and sustained strength in asset quality metrics, along with the local deposit base and commercial loan portfolio expansions. The growth in local deposits provided for a reduction in our loan-to-deposit ratio, the lowering of which remains a key strategic initiative."

User Image Stocktwits Posted - 08/29/24

🚨 Today's most bullish symbols: 1. $MBWM 2. $CLCO 3. $HSII 4. $CMCM 5. $OP

User Image NVDAMillionaire Posted - 07/31/24

$MBWM Mercantile Bank (MBWM) Delivers Solid Q2 2024 Results Amidst Challenging Environment http://beyondspx.com/2024/07/31/mercantile-bank-mbwm-delivers-solid-q2-2024-results-amidst-challenging-environment/

User Image insiderbuyingselling Posted - 4 months ago

$MBWM new insider selling: 5000 shares. http://insiderbuyingselling.com/?t=MBWM

User Image FlynancialAnalyst Posted - 4 months ago

$MBWM $783M mc $KRE leader & #HiddenGem (only 105 watchers on Stocktwits) w/ an ATH wkly close on ramping wkly volume above freshly rising 40/80 wk SMAs Pct. of all funds long shares is at 2.5yr+ highs and rising TrendEdge.app/asset/MBWM

User Image Moddymod Posted - 4 months ago

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User Image Moddymod Posted - 4 months ago

$MBWM $50 call let’s go !!! Get it while you can

User Image IN0V8 Posted - 4 months ago

$MBWM KBW raises target price to $51 from $47 Piper Sandler raises target price to $53 from $42

User Image MakingDreamsReality Posted - 4 months ago

PM mOOvers πŸ‘€ $NIC - Nicolet Bankshares Q2 2024 GAAP EPS $1.92 Beats $1.66 Estimate, Sales $65.342 Miss $62.327M Estimate $MBWM -Mercantile Bank Q2 2024 GAAP EPS $1.17 Beats $1.16 Estimate, Sales $56.800M Beat $56.105M Estimate $BE -Bloom Energy shares are trading higher after the company announced a strategic partnership with CoreWeave. $GTES -Gates Industrial shares are trading higher after it was announced the stock will join the S&P SmallCap 600. $GTEC -National Energy Improvement Fund Partners with HEVI to Provide Equipment Financing

User Image epsguid Posted - 4 months ago

$MBWM reported earnings of $1.17, consensus was $1.17 via @eWhispers #epsmeet http://eps.sh/d/mbwm

User Image DonCorleone77 Posted - 4 months ago

$MBWM Mercantile Bank increases regular cash dividend to 36c per share Mercantile Bank announced that on July 11, its board of directors declared a regular quarterly cash dividend of 36c per common share, payable on September 18 to holders of record as of September 6. The 36c cash dividend represents increases of nearly 3% and 6% from the cash dividends paid during the second quarter of 2024 and third quarter of 2023, respectively.

User Image DonCorleone77 Posted - 4 months ago

$MBWM Mercantile Bank reports Q2 EPS $1.17, consensus $1.15 Reports Q2 revenue $56.8M, consensus $56.1M. Reports Q2 tangible book value per share $31.09. Reports Q2 CET1 capital ratio 10.46%. "Our solid second quarter financial performance provides further evidence of our ability to successfully navigate the challenges arising from shifting economic and operating environments," said Ray Reitsma, President and Chief Executive Officer of Mercantile. "We are very pleased with the levels of local deposit and commercial loan growth during the quarter, which demonstrate our ongoing focus on new client acquisition, meeting the banking needs of existing customers, and relationship banking. Our net interest margin remained healthy during the second quarter, which when coupled with the local deposit and commercial loan expansion and notable increases in several noninterest income categories, provided for strong operating results during the period. As evidenced by the sustained strength in asset quality metrics, we remain committed to growing and administering the loan portfolio in a disciplined manner."

User Image Stock_Titan Posted - 4 months ago

$MBWM Mercantile Bank Corporation Announces Solid Second Quarter Results https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-announces-solid-second-quarter-1l97fly2k1f8.html

User Image insiderbuyingselling Posted - 4 months ago

$MBWM new insider selling: 250 shares. http://insiderbuyingselling.com/?t=MBWM

User Image Stock_Titan Posted - 06/27/24

$MBWM Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-announces-second-quarter-2024-results-c2xslrnrju2o.html

User Image Stock_Titan Posted - 5 months ago

$MBWM Mercantile Bank Corporation Implements Management Succession Plan https://www.stocktitan.net/news/MBWM/mercantile-bank-corporation-implements-management-succession-lge9av7ahe5r.html

User Image mikesterz7 Posted - 7 months ago

$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 - 7 months ago

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

User Image Stock_Titan Posted - 7 months ago

$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 - 8 months ago

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User Image swingingtech Posted - 8 months ago

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

User Image UncleStock Posted - 9 months ago

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

User Image TickerDD_com Posted - 9 months ago

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 - 10 months ago

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 - 10 months ago

$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 🎯

User Image epsguid Posted - 10 months ago

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

Analyst Ratings
Keefe, Bruyette & Woods Outperform Jul 17, 24
Piper Sandler Neutral Jul 17, 24
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
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