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Mercantile Bank Corporation (MBWM)

Stock Price: $30.83 USD 0.29 (0.95%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Market Cap 493.50M
Revenue (ttm) 159.95M
Net Income (ttm) 47.71M
Shares Out 16.28M
EPS (ttm) 3.52
PE Ratio 8.76
Forward PE 8.48
Dividend $1.14
Dividend Yield 3.70%
Trading Day July 23
Last Price $30.83
Previous Close $30.54
Change ($) 0.29
Change (%) 0.95%
Day's Open 30.79
Day's Range 30.59 - 30.89
Day's Volume 25,150
52-Week Range 16.60 - 34.16

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CPLP, BCBP, MBWM, and NFG made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 22, 2021.

Other stocks mentioned: BCBP, CPLP, NFG
2 days ago - Zacks Investment Research

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 36.59% and 9.73%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 days ago - Zacks Investment Research

Shares of Mercantile Bank (NASDAQ:MBWM) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 107.41% year over year to $1.12, which beat the estimate of $...

5 days ago - Benzinga

GRAND RAPIDS, Mich., July 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $18.1 million, or $1.12 per diluted share, for the second quarter of 2...

5 days ago - PRNewsWire

GRAND RAPIDS, Mich., July 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 15, 2021, its Board of Directors declared a regular quarterly ca...

5 days ago - PRNewsWire

Mercantile Bank (MBWM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

6 days ago - Zacks Investment Research

Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

GRAND RAPIDS, Mich., July 6, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss second quarter 2021 results on Tuesday, July 20, 2021, at 10:00 a.m.

2 weeks ago - PRNewsWire

Top Ranked Income Stocks to Buy for June 11th

Other stocks mentioned: FISI, ORRF, UVSP
1 month ago - Zacks Investment Research

Mercantile Bank (MBWM) announces the renewal of its $20-million share buyback program.

1 month ago - Zacks Investment Research

GRAND RAPIDS, Mich., May 27, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that its Board of Directors has authorized the renewal of its stock repurchase...

1 month ago - PRNewsWire

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 33.85% and 8.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Mercantile Bank (NASDAQ:MBWM) decreased 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 33.85% over the past year to $0.87, which...

3 months ago - Benzinga

GRAND RAPIDS, Mich., April 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $14.2 million, or $0.87 per diluted share, for the first quarter of 2...

3 months ago - PRNewsWire

GRAND RAPIDS, Mich., April 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 15, 2021, its Board of Directors declared a regular quarterly ...

3 months ago - PRNewsWire

Mercantile Bank (NASDAQ:MBWM) unveils its next round of earnings this Tuesday, April 20. Get prepared with Benzinga's ultimate preview for Mercantile Bank's Q1 earnings.

3 months ago - Benzinga

Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for April 1st

Other stocks mentioned: CBFV, NRIM, VLO
3 months ago - Zacks Investment Research

GRAND RAPIDS, Mich., April 1, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss first quarter 2021 results on Tuesday, April 20, 2021, at 10:00 a.m.

3 months ago - PRNewsWire

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q4 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Mercantile Bank Corp (NASDAQ:MBWM), Bank of America Corp (NYSE:BAC), Alliant Energy Corp (NASDAQ:LNT) and Columbus McKinnon Corp (NASDAQ:CMCO) announced quarterly dividends on Tuesday, Jan. 19.

Other stocks mentioned: BAC, CMCO, LNT
6 months ago - GuruFocus

Shares of Mercantile Bank (NASDAQ:MBWM) fell 1.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 4.82% year over year to $0.87, which beat the ...

6 months ago - Benzinga

GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $14.1 million, or $0.87 per diluted share, for the fourth quarter of 2...

6 months ago - PRNewsWire

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.

6 months ago - Zacks Investment Research

SAN JUAN, PR, Jan. 7, 2021 – OTC PR WIRE — Mercantile Bank International Corp. (“MBI”) (www.mercantile-bank.com), an innovative payments and digital asset custody bank based in Puerto Rico, today announ...

6 months ago - OTC PR Wire

Mercantile Bank Corporation (MBWM) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

7 months ago - Zacks Investment Research

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

8 months ago - Zacks Investment Research

HASTINGS, Mich., Oct. 26, 2020 /PRNewswire/ -- Lake Trust Credit Union ("Lake Trust"), a community-based credit union serving nearly 200,000 individuals and businesses throughout Michigan, announced an ...

8 months ago - PRNewsWire

Mercantile Bank Corporation (MBWM) CEO Robert Kaminski on Q3 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 57.14% and 9.32%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Shares of Mercantile Bank (NASDAQ:MBWM) were flat in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 14.29% year over year to $0.66, which beat the es...

9 months ago - Benzinga

GRAND RAPIDS, Mich., Oct. 20, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $10.7 million, or $0.66 per diluted share, for the third quarter of 20...

9 months ago - PRNewsWire

GRAND RAPIDS, Mich., Oct. 20, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 15, 2020, its Board of Directors declared a regular quarterly...

9 months ago - PRNewsWire

Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

GRAND RAPIDS, Mich., Sept. 30, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss third quarter 2020 results on Tuesday, October 20, 2020, at 10:00 a....

9 months ago - PRNewsWire

GRAND RAPIDS, Mich., Aug. 27, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile"), announced today the appointments of David B.

10 months ago - PRNewsWire

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q2 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 68.75% and 13.33%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

GRAND RAPIDS, Mich., July 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.7 million, or $0.54 per diluted share, for the second quarter of 20...

1 year ago - PRNewsWire

GRAND RAPIDS, Mich., July 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 16, 2020, its Board of Directors declared a regular quarterly ca...

1 year ago - PRNewsWire

Mercantile Bank (MBWM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 year ago - Zacks Investment Research

Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 47.73% and 4.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Mercantile Bank (MBWM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 year ago - Zacks Investment Research

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.

1 year ago - Zacks Investment Research

Mercantile Bank Corporation: An Undervalued Gem In An Overvalued Market

1 year ago - Seeking Alpha

Mercantile Bank Corporation (MBWM) CEO Bob Kaminski on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

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.

1 year ago - Zacks Investment Research

COSTA MESA, Calif., Dec. 20, 2019 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has been a...

1 year ago - GlobeNewsWire

About MBWM

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for 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, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and mu... [Read more...]

Industry
Banks-Regional
IPO Date
Aug 7, 1997
CEO
Robert Kaminski
Employees
634
Stock Exchange
NASDAQ
Ticker Symbol
MBWM
Full Company Profile

Financial Performance

In 2020, MBWM's revenue was $153.37 million, an increase of 2.42% compared to the previous year's $149.74 million. Earnings were $44.14 million, a decrease of -10.75%.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for MBWM stock is "Hold." The 12-month stock price forecast is 34.50, which is an increase of 11.90% from the latest price.

Price Target
$34.50
(11.90% upside)
Analyst Consensus: Hold