Mercantile Bank Corporation (MBWM)

Market Cap	444.62M
Revenue (ttm)	198.44M
Net Income (ttm)	70.54M
Shares Out	16.00M
EPS (ttm)	4.43
PE Ratio	6.45
Forward PE	7.69
Dividend	$1.32 (4.76%)
Ex-Dividend Date	Jun 1, 2023

Volume	16,634
Open	28.66
Previous Close	28.57
Day's Range	27.25 - 28.66
52-Week Range	23.89 - 39.03
Beta	1.00
Analysts	Buy
Price Target	37.50 (+35.11%)
Earnings Date	Jul 18, 2023

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...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Aug 7, 1997
• Employees: 633
• Stock Exchange: NASDAQ
• Ticker Symbol: MBWM

Financial Performance

In 2022, MBWM's revenue was $183.77 million, a decrease of -0.44% compared to the previous year's $184.58 million. Earnings were $61.06 million, an increase of 3.46%.

Analyst Forecast

According to 3 analysts, the average rating for MBWM stock is "Buy." The 12-month stock price forecast is $37.5, which is an increase of 35.11% from the latest price.

Price Target

$37.5

(35.11% upside)

Analyst Consensus: Buy