Mercantile Bank Statistics
Total Valuation
MBWM has a market cap or net worth of $773.15 million. The enterprise value is $1.35 billion.
| Market Cap | 773.15M |
| Enterprise Value | 1.35B |
Important Dates
The last earnings date was Tuesday, July 16, 2024, before market open.
| Earnings Date | Jul 16, 2024 |
| Ex-Dividend Date | Sep 6, 2024 |
Share Statistics
MBWM has 16.12 million shares outstanding. The number of shares has increased by 0.77% in one year.
| Shares Outstanding | 16.12M |
| Shares Change (YoY) | +0.77% |
| Shares Change (QoQ) | n/a |
| Owned by Insiders (%) | 3.35% |
| Owned by Institutions (%) | 61.81% |
| Float | 15.62M |
Valuation Ratios
The trailing PE ratio is 9.31 and the forward PE ratio is 10.44. MBWM's PEG ratio is 2.51.
| PE Ratio | 9.31 |
| Forward PE | 10.44 |
| PS Ratio | 3.51 |
| Forward PS | 3.37 |
| PB Ratio | 1.44 |
| P/FCF Ratio | 9.23 |
| PEG Ratio | 2.51 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.77, with an EV/FCF ratio of 16.13.
| EV / Earnings | 16.31 |
| EV / Sales | 6.13 |
| EV / EBITDA | 11.77 |
| EV / EBIT | 13.04 |
| EV / FCF | 16.13 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 1.52 |
| Debt / EBITDA | 7.10 |
| Debt / FCF | 9.73 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 16.40% and return on invested capital (ROIC) is 6.13%.
| Return on Equity (ROE) | 16.40% |
| Return on Assets (ROA) | 1.60% |
| Return on Capital (ROIC) | 6.13% |
| Revenue Per Employee | $331,099 |
| Profits Per Employee | $124,517 |
| Employee Count | 665 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, MBWM has paid $20.74 million in taxes.
| Income Tax | 20.74M |
| Effective Tax Rate | 20.03% |
Stock Price Statistics
The stock price has increased by +40.81% in the last 52 weeks. The beta is 0.99, so MBWM's price volatility has been similar to the market average.
| Beta (5Y) | 0.99 |
| 52-Week Price Change | +40.81% |
| 50-Day Moving Average | 39.40 |
| 200-Day Moving Average | 37.30 |
| Relative Strength Index (RSI) | 73.89 |
| Average Volume (20 Days) | 97,377 |
Short Selling Information
The latest short interest is 186,117, so 1.15% of the outstanding shares have been sold short.
| Short Interest | 186,117 |
| Short Previous Month | 137,370 |
| Short % of Shares Out | 1.15% |
| Short % of Float | 1.19% |
| Short Ratio (days to cover) | 2.59 |
Income Statement
In the last 12 months, MBWM had revenue of $220.18 million and earned $82.80 million in profits. Earnings per share was $5.15.
| Revenue | 220.18M |
| Gross Profit | 220.18M |
| Operating Income | 103.55M |
| Pretax Income | 103.55M |
| Net Income | 82.80M |
| EBITDA | 114.77M |
| EBIT | 103.55M |
| Earnings Per Share (EPS) | $5.15 |
Balance Sheet
The company has $237.23 million in cash and $814.57 million in debt, giving a net cash position of -$577.34 million or -$35.81 per share.
| Cash & Cash Equivalents | 237.23M |
| Total Debt | 814.57M |
| Net Cash | -577.34M |
| Net Cash Per Share | -$35.81 |
| Equity (Book Value) | 536.64M |
| Book Value Per Share | 33.29 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $88.79 million and capital expenditures -$5.04 million, giving a free cash flow of $83.74 million.
| Operating Cash Flow | 88.79M |
| Capital Expenditures | -5.04M |
| Free Cash Flow | 83.74M |
| FCF Per Share | $5.20 |
Margins
Gross margin is 100.00%, with operating and profit margins of 47.03% and 37.61%.
| Gross Margin | 100.00% |
| Operating Margin | 47.03% |
| Pretax Margin | 47.03% |
| Profit Margin | 37.61% |
| EBITDA Margin | 52.12% |
| EBIT Margin | 47.03% |
| FCF Margin | 38.03% |
Dividends & Yields
This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 3.00%.
| Dividend Per Share | $1.44 |
| Dividend Yield | 3.00% |
| Dividend Growth (YoY) | 6.06% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 27.96% |
| Buyback Yield | -0.77% |
| Shareholder Yield | 2.24% |
| Earnings Yield | 10.71% |
| FCF Yield | 10.83% |
Analyst Forecast
The average price target for MBWM is $50.00, which is 4.25% higher than the current price. The consensus rating is "Buy".
| Price Target | $50.00 |
| Price Target Difference | 4.25% |
| Analyst Consensus | Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on April 19, 2007. It was a forward split with a ratio of 105:100.
| Last Split Date | Apr 19, 2007 |
| Split Type | Forward |
| Split Ratio | 105:100 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 5 |