Mercantile Bank Corporation (MBWM)

Market Cap	733.33M
Revenue (ttm)	222.19M
Net Income (ttm)	80.00M
Shares Out	16.14M
EPS (ttm)	4.96
PE Ratio	9.16
Forward PE	10.22
Dividend	$1.44 (3.17%)
Ex-Dividend Date	Dec 6, 2024

Volume	127,884
Open	44.28
Previous Close	44.87
Day's Range	44.06 - 46.41
52-Week Range	33.46 - 52.98
Beta	1.00
Analysts	Buy
Price Target	54.50 (+19.97%)
Earnings Date	Jan 14, 2025

About MBWM

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-fami...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Aug 7, 1997
• Employees: 665
• Stock Exchange: NASDAQ
• Ticker Symbol: MBWM
• Website: https://www.mercbank.com

Financial Performance

In 2023, Mercantile Bank's revenue was $217.99 million, an increase of 18.94% compared to the previous year's $183.27 million. Earnings were $82.22 million, an increase of 34.64%.

Analyst Forecast

According to 2 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $54.5, which is an increase of 19.97% from the latest price.

Price Target

$54.5

(19.97% upside)

Analyst Consensus: Buy