Mercantile Bank Corporation (MBWM)

NASDAQ: MBWM · IEX Real-Time Price · USD
34.44
-0.18 (-0.52%)
Aug 8, 2022 4:00 PM EDT - Market closed
-0.52%
Market Cap 546.26M
Revenue (ttm) 181.95M
Net Income (ttm) 56.27M
Shares Out 15.86M
EPS (ttm) 3.16
PE Ratio 10.90
Forward PE 10.29
Dividend $1.22 (3.54%)
Ex-Dividend Date Sep 1, 2022
Volume 23,596
Open 34.57
Previous Close 34.62
Day's Range 34.26 - 34.91
52-Week Range 29.11 - 40.01
Beta 1.01
Analysts Buy
Price Target 40.29 (+17.0%)
Earnings Date Jul 19, 2022

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 offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family... [Read more...]

Industry Banks
IPO Date Aug 7, 1997
CEO Robert Kaminski
Employees 651
Stock Exchange NASDAQ
Ticker Symbol MBWM
Full Company Profile

Financial Performance

In 2021, MBWM's revenue was $184.58 million, an increase of 20.35% compared to the previous year's $153.37 million. Earnings were $59.02 million, an increase of 33.72%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is 40.29, which is an increase of 16.99% from the latest price.

Price Target
$40.29
(16.99% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Mercantile Bank (MBWM) Matches Q2 Earnings Estimates

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 0% and 0.71%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share

Mercantile Bank Corporation Raises Quarterly Dividend From $0.31 To $0.32/Share

Mercantile Bank Corporation Announces Strong Second Quarter 2022 Results

Robust loan growth, continuing strength in asset quality metrics, and significant increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , July 19, 2022 /PRNewswire/ -- Mer...

Mercantile Bank Corporation Increases Regular Cash Dividend

Board declares $0.32 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.0 percent GRAND RAPIDS, Mich. , July 19, 2022 /PRNewswire/ -- Mercantile Bank ...

Analysts Estimate Mercantile Bank (MBWM) to Report a Decline in Earnings: What to Look Out for

Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mercantile Bank Corporation Announces Second Quarter 2022 Results Conference Call and Webcast

GRAND RAPIDS, Mich. , June 27, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss second quarter 2022 results on Tuesday, July 19, 2022, at 10:00 a.m.

Mercantile Bank (MBWM) Surpasses Q1 Earnings Estimates

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 1.39% and 5.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercantile Bank Corporation Announces Solid First Quarter 2022 Results

Strong core commercial loan growth, ongoing strength in asset quality metrics, and substantial increases in several key fee income categories highlight quarter GRAND RAPIDS, Mich. , April 19, 2022 /PRNe...

Mercantile Bank Corporation Declares Regular Cash Dividend

Board declares $0.31 regular quarterly cash dividend on common stock  resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich. , April 19, 2022 /PRNewswire/ -- Mercantile Ban...

Here's Why Mercantile Bank (MBWM) Looks Ripe for Bottom Fishing

Mercantile Bank (MBWM) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean...

Mercantile Bank Corporation Announces First Quarter 2022 Results Conference Call and Webcast

GRAND RAPIDS, Mich. , March 30, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2022 results on Tuesday, April 19, 2022, at 10:00 a.m.

Strength Seen in Mercantile Bank (MBWM): Can Its 5% Jump Turn into More Strength?

Mercantile Bank (MBWM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Best Income Stocks to Buy for February 7th

CIVI and MBWM made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 7, 2022

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REPX, MBWM, and KEY made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 28, 2022

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Best Income Stocks to Buy for January 21st

FULT, AMNB, and MBWM made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 21, 2022

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New Strong Buy Stocks for January 20th

CHUY, MBWM, ZEUS, MC, and AMTB have been added to the Zacks Rank #1 (Strong Buy) List on January 20, 2022.

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Best Income Stocks to Buy for January 20th

GGB, MC, and MBWM made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 20, 2022

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Mercantile Bank (MBWM) Surpasses Q4 Earnings and Revenue Estimates

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 13.25% and 3.83%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2021 Results

GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.6 million, or $0.74 per diluted share, for the fourth quarter of 2...

Mercantile Bank Corporation Raises Additional $15 Million of Subordinated Notes

GRAND RAPIDS, Mich., Jan. 14, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced that it has issued an additional $15 million of its 3.25% fi...

Mercantile Bank (MBWM) Hits 52-Week High, Can the Run Continue?

Mercantile Bank (MBWM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Mercantile Bank of Michigan Establishes The Mercantile Bank Foundation

GRAND RAPIDS, Mich., Dec. 30, 2021 /PRNewswire/ -- Mercantile Bank Corporation's (NASDAQ: MBWM) subsidiary bank Mercantile Bank of Michigan ("Mercantile Bank") announced today that it has formed The Mer...

Mercantile Bank Corporation Announces Fourth Quarter 2021 Results Conference Call and Webcast

GRAND RAPIDS, Mich., Dec. 17, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss fourth quarter 2021 results on Tuesday, January 18, 2022, at 10:00 a.m.

Mercantile Bank Corporation Closes Private Placement of $75 Million of Subordinated Notes

GRAND RAPIDS, Mich., Dec. 15, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile" or the "Company") today announced the pricing of its issuance, offer, and sale of $75 million ...

KBRA Assigns Ratings to Mercantile Bank Corporation

NEW YORK--(BUSINESS WIRE)-- #KBRA--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Grand Rapids, ...