Mercantile Bank Corporation (MBWM)
| Market Cap | 560.18M |
| Revenue (ttm) | 174.52M |
| Net Income (ttm) | 57.10M |
| Shares Out | 16.12M |
| EPS (ttm) | 3.81 |
| PE Ratio | 9.34 |
| Forward PE | 12.67 |
| Dividend | $1.16 (3.26%) |
| Ex-Dividend Date | Dec 2, 2021 |
| Volume | 30,255 |
| Open | 35.72 |
| Previous Close | 35.64 |
| Day's Range | 35.26 - 35.88 |
| 52-Week Range | 20.49 - 35.88 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 36.25 (+1.9%) |
| Est. Earnings Date | n/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...
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 StatementsAnalyst 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.
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?
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...
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...
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.
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.
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.
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.
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.
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
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.
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.
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
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.
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.
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.
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.
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.
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?
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 $...
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...
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...
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.
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.
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.
Top Ranked Income Stocks to Buy for June 11th
Top Ranked Income Stocks to Buy for June 11th