Mercantile Bank Statistics
Total Valuation
Mercantile Bank has a market cap or net worth of $705.07 million. The enterprise value is $964.98 million.
Important Dates
The next confirmed earnings date is Tuesday, April 22, 2025, before market open.
| Earnings Date | Apr 22, 2025 |
| Ex-Dividend Date | Mar 7, 2025 |
Share Statistics
Mercantile Bank has 16.23 million shares outstanding. The number of shares has increased by 0.72% in one year.
| Current Share Class | 16.23M |
| Shares Outstanding | 16.23M |
| Shares Change (YoY) | +0.72% |
| Shares Change (QoQ) | +0.03% |
| Owned by Insiders (%) | 3.39% |
| Owned by Institutions (%) | 64.92% |
| Float | 15.68M |
Valuation Ratios
The trailing PE ratio is 8.81 and the forward PE ratio is 8.99.
| PE Ratio | 8.81 |
| Forward PE | 8.99 |
| PS Ratio | 3.13 |
| Forward PS | 2.91 |
| PB Ratio | 1.20 |
| P/TBV Ratio | 1.32 |
| P/FCF Ratio | 7.62 |
| P/OCF Ratio | 6.97 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 12.12 |
| EV / Sales | 4.31 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 10.42 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 7.34 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 14.38%.
| Return on Equity (ROE) | 14.38% |
| Return on Assets (ROA) | 1.40% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $328,556 |
| Profits Per Employee | $116,705 |
| Employee Count | 682 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Mercantile Bank has paid $18.69 million in taxes.
| Income Tax | 18.69M |
| Effective Tax Rate | 19.02% |
Stock Price Statistics
The stock price has increased by +12.86% in the last 52 weeks. The beta is 0.87, so Mercantile Bank's price volatility has been lower than the market average.
| Beta (5Y) | 0.87 |
| 52-Week Price Change | +12.86% |
| 50-Day Moving Average | 47.00 |
| 200-Day Moving Average | 45.18 |
| Relative Strength Index (RSI) | 37.20 |
| Average Volume (20 Days) | 66,473 |
Short Selling Information
The latest short interest is 74,047, so 0.46% of the outstanding shares have been sold short.
| Short Interest | 74,047 |
| Short Previous Month | 64,744 |
| Short % of Shares Out | 0.46% |
| Short % of Float | 0.47% |
| Short Ratio (days to cover) | 1.14 |
Income Statement
In the last 12 months, Mercantile Bank had revenue of $224.08 million and earned $79.59 million in profits. Earnings per share was $4.93.
| Revenue | 224.08M |
| Gross Profit | 224.08M |
| Operating Income | 102.49M |
| Pretax Income | 101.70M |
| Net Income | 79.59M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.93 |
Full Income StatementBalance Sheet
The company has $419.80 million in cash and $679.72 million in debt, giving a net cash position of -$259.91 million or -$16.01 per share.
| Cash & Cash Equivalents | 419.80M |
| Total Debt | 679.72M |
| Net Cash | -259.91M |
| Net Cash Per Share | -$16.01 |
| Equity (Book Value) | 584.53M |
| Book Value Per Share | 36.20 |
| Working Capital | -4.48B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $101.12 million and capital expenditures -$8.53 million, giving a free cash flow of $92.59 million.
| Operating Cash Flow | 101.12M |
| Capital Expenditures | -8.53M |
| Free Cash Flow | 92.59M |
| FCF Per Share | $5.70 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 45.74% |
| Pretax Margin | 43.86% |
| Profit Margin | 35.52% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 41.32% |
Dividends & Yields
This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 3.28%.
| Dividend Per Share | $1.44 |
| Dividend Yield | 3.28% |
| Dividend Growth (YoY) | 5.88% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 29.21% |
| Buyback Yield | -0.72% |
| Shareholder Yield | 2.56% |
| Earnings Yield | 11.29% |
| FCF Yield | 13.13% |
Dividend DetailsAnalyst Forecast
The average price target for Mercantile Bank is $55.00, which is 26.61% higher than the current price. The consensus rating is "Buy".
| Price Target | $55.00 |
| Price Target Difference | 26.61% |
| Analyst Consensus | Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsStock Splits
The last stock split was on April 19, 2007. It was a forward split with a ratio of 1.05:1.
| Last Split Date | Apr 19, 2007 |
| Split Type | Forward |
| Split Ratio | 1.05:1 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |