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Mercantile Bank Corporation (MBWM)

NASDAQ: MBWM · IEX Real-Time Price · USD
35.58 -0.06 (-0.17%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap560.18M
Revenue (ttm)174.52M
Net Income (ttm)57.10M
Shares Out16.12M
EPS (ttm)3.81
PE Ratio9.34
Forward PE12.67
Dividend$1.16 (3.26%)
Ex-Dividend DateDec 2, 2021
Volume30,255
Open35.72
Previous Close35.64
Day's Range35.26 - 35.88
52-Week Range20.49 - 35.88
Beta1.14
AnalystsHold
Price Target36.25 (+1.9%)
Est. Earnings Daten/a

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...

IndustryBanks
IPO DateAug 7, 1997
CEORobert Kaminski
Employees629
Stock ExchangeNASDAQ
Ticker SymbolMBWM
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 Forecast

According to 5 analysts, the average rating for MBWM stock is "Hold." The 12-month stock price forecast is 36.25, which is an increase of 1.88% from the latest price.

Price Target
$36.25
(1.88% upside)
Analyst Consensus: Hold

News

Mercantile Bank (MBWM) Tops Q3 Earnings and Revenue Estimates

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 11.76% and 13.52%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 days ago - Zacks Investment Research

Mercantile Bank Corporation Reports Strong Third Quarter 2021 Results

GRAND RAPIDS, Mich., Oct. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $15.1 million, or $0.95 per diluted share, for the third quarter of 20...

2 days ago - PRNewsWire

Mercantile Bank Corporation Declares Regular Cash Dividend

GRAND RAPIDS, Mich., Oct. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 14, 2021, its Board of Directors declared a regular quarterly...

2 days ago - PRNewsWire

Earnings Outlook For Mercantile Bank

MBWM is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

3 days ago - Benzinga

Why Mercantile Bank (MBWM) Might Surprise This Earnings Season

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

3 days ago - Zacks Investment Research

Mercantile Bank (MBWM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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

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

GRAND RAPIDS, Mich., Sept. 30, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will hold a conference call to discuss third quarter 2021 results on Tuesday, October 19, 2021, at 10:00 a.m.

3 weeks ago - PRNewsWire

Mercantile Bank (MBWM) Upgraded to Strong Buy: What Does It Mean for the Stock?

Mercantile Bank (MBWM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for September 14th

CNQ, MBWM, MC, and AXS made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 14, 2021

Other symbols:AXSCNQMC
1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for September 8th

CVX, MBWM, JHG, and FCBC made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 8, 2021.

Other symbols:CVXFCBCJHG
1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for August 24th

MBWM, JHG, HBI, and APO made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 24, 2021.

Other symbols:APOHBIJHG
1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for August 3rd

EPR, UMPQ, MBWM, and JHG made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 3, 2021

Other symbols:EPRJHGUMPQ
2 months ago - Zacks Investment Research

Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's Why

Mercantile Bank (MBWM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 28th

FANH, MBWM, HFWA, and CPLP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 28, 2021.

Other symbols:CPLPFANHHFWA
2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 26th

ALTM, OMF, MBWM, and RGP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 26, 2021.

Other symbols:ALTMOMFRGP
2 months ago - Zacks Investment Research

4 Top-Ranked Stocks to Buy for Attractive Earnings Growth

NIKE (NKE), KB Home (KBH), Clearfield (CLFD) & Mercantile Bank (MBWM) are the top four companies that boast superb earnings growth at present.

Other symbols:CLFDKBHNKE
2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 22nd

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

Other symbols:BCBPCPLPNFG
2 months ago - Zacks Investment Research

Mercantile Bank (MBWM) Q2 Earnings and Revenues Beat Estimates

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?

3 months ago - Zacks Investment Research

Recap: Mercantile Bank Q2 Earnings

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 $...

3 months ago - Benzinga

Mercantile Bank Corporation Reports Strong Second Quarter 2021 Results

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...

3 months ago - PRNewsWire

Mercantile Bank Corporation Increases Regular Cash Dividend

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...

3 months ago - PRNewsWire

Why Mercantile Bank (MBWM) Might Surprise This Earnings Season

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

3 months ago - Zacks Investment Research

Mercantile Bank (MBWM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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

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

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.

3 months ago - PRNewsWire

Top Ranked Income Stocks to Buy for June 11th

Top Ranked Income Stocks to Buy for June 11th

Other symbols:FISIORRFUVSP
4 months ago - Zacks Investment Research