Mercantile Bank Corporation (MBWM)

Mercantile Bank Statistics

Total Valuation

MBWM has a market cap or net worth of $780.14 million.

Market Cap	780.14M
Enterprise Value	n/a

Important Dates

The next estimated earnings date is Tuesday, January 14, 2025, before market open.

Earnings Date	Jan 14, 2025
Ex-Dividend Date	Dec 6, 2024

Share Statistics

MBWM has 16.14 million shares outstanding. The number of shares has increased by 0.81% in one year.

Current Share Class	16.14M
Shares Outstanding	16.14M
Shares Change (YoY)	+0.81%
Shares Change (QoQ)	+0.10%
Owned by Insiders (%)	2.97%
Owned by Institutions (%)	63.41%
Float	15.65M

Valuation Ratios

The trailing PE ratio is 9.74 and the forward PE ratio is 10.88.

PE Ratio	9.74
Forward PE	10.88
PS Ratio	3.50
Forward PS	3.36
PB Ratio	1.34
P/TBV Ratio	1.46
P/FCF Ratio	30.62
P/OCF Ratio	22.97
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	31.89
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 15.00%.

Return on Equity (ROE)	15.00%
Return on Assets (ROA)	1.43%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$334,122
Profits Per Employee	$120,296
Employee Count	665
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, MBWM has paid $20.27 million in taxes.

Income Tax	20.27M
Effective Tax Rate	20.22%

Stock Price Statistics

The stock price has increased by +31.69% in the last 52 weeks. The beta is 0.97, so MBWM's price volatility has been similar to the market average.

Beta (5Y)	0.97
52-Week Price Change	+31.69%
50-Day Moving Average	44.77
200-Day Moving Average	40.96
Relative Strength Index (RSI)	57.00
Average Volume (20 Days)	57,288

Short Selling Information

The latest short interest is 126,159, so 0.78% of the outstanding shares have been sold short.

Short Interest	126,159
Short Previous Month	161,974
Short % of Shares Out	0.78%
Short % of Float	0.81%
Short Ratio (days to cover)	2.50

Income Statement

In the last 12 months, MBWM had revenue of $222.19 million and earned $80.00 million in profits. Earnings per share was $4.96.

Revenue	222.19M
Gross Profit	222.19M
Operating Income	103.48M
Pretax Income	101.70M
Net Income	80.00M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$4.96

Balance Sheet

The company has $358.19 million in cash and $812.32 million in debt, giving a net cash position of -$454.13 million or -$28.13 per share.

Cash & Cash Equivalents	358.19M
Total Debt	812.32M
Net Cash	-454.13M
Net Cash Per Share	-$28.13
Equity (Book Value)	583.31M
Book Value Per Share	36.14
Working Capital	-4.42B

Cash Flow

In the last 12 months, operating cash flow was $33.96 million and capital expenditures -$8.49 million, giving a free cash flow of $25.48 million.

Operating Cash Flow	33.96M
Capital Expenditures	-8.49M
Free Cash Flow	25.48M
FCF Per Share	$1.58

Margins

Gross Margin	n/a
Operating Margin	46.57%
Pretax Margin	45.13%
Profit Margin	36.00%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	34.07%

Dividends & Yields

This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 2.98%.

Dividend Per Share	$1.44
Dividend Yield	2.98%
Dividend Growth (YoY)	5.97%
Years of Dividend Growth	5
Payout Ratio	29.03%
Buyback Yield	-0.81%
Shareholder Yield	2.17%
Earnings Yield	10.25%
FCF Yield	3.27%

Analyst Forecast

The average price target for MBWM is $52.00, which is 7.59% higher than the current price. The consensus rating is "Buy".

Price Target	$52.00
Price Target Difference	7.59%
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 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	3