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Mercantile Bank Corporation (MBWM)

Stock Price: $21.19 USD 0.45 (2.17%)
Updated Oct 16, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 343.93M
Revenue (ttm) 146.83M
Net Income (ttm) 45.29M
Shares Out 16.23M
EPS (ttm) 2.77
PE Ratio 7.65
Forward PE 16.45
Dividend $1.12
Dividend Yield 5.29%

Stock Quote

Trading Day Oct 16, 2020
Last Price $21.19
Previous Close $20.74
Change ($) 0.45
Change (%) 2.17%
Day's Open 20.69
Day's Range 20.57 - 21.29
Day's Volume 29,382
52-Week Range 17.09 - 37.32

More Stats

Market Cap 343.93M
Enterprise Value 481.46M
Earnings Date (est) Oct 20, 2020
Ex-Dividend Date Sep 3, 2020
Shares Outstanding 16.23M
Float 14.85M
EPS (basic) 2.77
EPS (diluted) 2.77
FCF / Share 0.37
Dividend $1.12
Dividend Yield 5.29%
Earnings Yield 13.07%
FCF Yield 1.76%
Payout Ratio 39.70%
Shares Short 211,497
Short Ratio 5.21
Short % of Float 1.42%
Beta 1.19
PE Ratio 7.65
Forward PE 16.45
P/FCF Ratio 56.67
PS Ratio 2.34
PB Ratio 0.79
Revenue 146.83M
Operating Income 55.32M
Net Income 45.29M
Free Cash Flow 6.07M
Net Cash -137.52M
Net Cash / Share -8.47
Gross Margin 101.98%
Operating Margin 37.67%
Profit Margin 30.80%
FCF Margin 4.13%
ROA 1.15%
ROE 10.97%
ROIC 1.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$24.75*
(16.80% upside)
Low
20.0
Current: $21.19
High
30.0
Target: 24.75
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue15013812612411890.8161.5357.8051.6233.79
Revenue Growth8.51%9.69%1.45%4.9%30.18%47.58%6.46%11.96%52.75%-
Gross Profit15013812612411890.8161.5357.8051.6233.79
Operating Income60.4651.8246.0846.8938.8325.2025.1318.1710.34-12.34
Net Income49.4642.0231.2731.9127.0217.3317.0312.5437.49-13.32
Shares Outstanding16.3416.5916.4916.3016.2716.868.718.648.608.60
Earnings Per Share3.012.531.901.961.621.281.951.304.07-1.72
EPS Growth18.97%33.16%-3.06%20.99%26.56%-34.36%50%-68.06%--
Dividend Per Share1.061.680.741.160.582.480.450.09-0.01
Dividend Growth-36.9%127.03%-36.21%100%-76.61%451.11%400%---
Operating Cash Flow44.7761.7438.6734.6036.0014.4428.6817.0322.5129.60
Capital Expenditures-12.63-4.35-5.40-1.98-1.08-2.18-0.33-0.57-0.56-0.12
Free Cash Flow32.1457.3833.2732.6234.9212.2628.3616.4621.9529.48
Cash & Equivalents23475.3520018489.8917314713676.3764.20
Total Debt504500384352278276147133152227
Net Cash / Debt-270-424-184-168-188-103-0.333.25-75.62-163
Assets3,6333,3643,2873,0832,9042,8931,4271,4231,4331,632
Liabilities3,2162,9892,9212,7422,5702,5651,2741,2761,2681,506
Book Value417375366341334328153147165126
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Mercantile Bank Corporation
Country United States
Employees 637
CEO Robert B. Kaminski

Stock Information

Ticker Symbol MBWM
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: MBWM
IPO Date August 7, 1997

Description

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 multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; 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, as well as owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.