Mercantile Bank Statistics
Total Valuation
MBWM has a market cap or net worth of $581.33 million. The enterprise value is $1.29 billion.
| Market Cap | 581.33M |
| Enterprise Value | 1.29B |
Important Dates
The last earnings date was Tuesday, April 16, 2024, before market open.
| Earnings Date | Apr 16, 2024 |
| Ex-Dividend Date | Jun 7, 2024 |
Share Statistics
MBWM has 16.12 million shares outstanding. The number of shares has increased by 1.00% in one year.
| Shares Outstanding | 16.12M |
| Shares Change (YoY) | +1.00% |
| Shares Change (QoQ) | +0.04% |
| Owned by Insiders (%) | 3.31% |
| Owned by Institutions (%) | 60.81% |
| Float | 15.62M |
Valuation Ratios
The trailing PE ratio is 7.03 and the forward PE ratio is 7.68. MBWM's PEG ratio is 2.51.
| PE Ratio | 7.03 |
| Forward PE | 7.68 |
| PS Ratio | 2.67 |
| Forward PS | 2.54 |
| PB Ratio | 1.11 |
| P/FCF Ratio | 9.60 |
| PEG Ratio | 2.51 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.27, with an EV/FCF ratio of 21.27.
| EV / Earnings | 15.65 |
| EV / Sales | 5.90 |
| EV / EBITDA | 11.27 |
| EV / EBIT | 12.53 |
| EV / FCF | 21.27 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 1.60 |
| Debt / EBITDA | 7.32 |
| Debt / FCF | 13.82 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 16.90% and return on invested capital (ROIC) is 6.05%.
| Return on Equity (ROE) | 16.90% |
| Return on Assets (ROA) | 1.60% |
| Return on Capital (ROIC) | 6.05% |
| Revenue Per Employee | $339,545 |
| Profits Per Employee | $128,064 |
| Employee Count | 642 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, MBWM has paid $20.48 million in taxes.
| Income Tax | 20.48M |
| Effective Tax Rate | 19.94% |
Stock Price Statistics
The stock price has increased by +25.11% in the last 52 weeks. The beta is 0.99, so MBWM's price volatility has been similar to the market average.
| Beta (1Y) | 0.99 |
| 52-Week Price Change | +25.11% |
| 50-Day Moving Average | 36.79 |
| 200-Day Moving Average | 35.37 |
| Relative Strength Index (RSI) | 49.25 |
| Average Volume (30 Days) | 77,674 |
Short Selling Information
The latest short interest is 149,643, so 0.93% of the outstanding shares have been sold short.
| Short Interest | 149,643 |
| Short Previous Month | 155,638 |
| Short % of Shares Out | 0.93% |
| Short % of Float | 0.96% |
| Short Ratio (days to cover) | 1.80 |
Income Statement
In the last 12 months, MBWM had revenue of $217.99 million and earned $82.22 million in profits. Earnings per share was $5.13.
| Revenue | 217.99M |
| Gross Profit | 217.99M |
| Operating Income | 102.70M |
| Pretax Income | 102.70M |
| Net Income | 82.22M |
| EBITDA | 114.20M |
| EBIT | 102.70M |
| Earnings Per Share (EPS) | $5.13 |
Balance Sheet
The company has $130.53 million in cash and $836.26 million in debt, giving a net cash position of -$705.73 million or -$43.79 per share.
| Cash & Cash Equivalents | 130.53M |
| Total Debt | 836.26M |
| Net Cash | -705.73M |
| Net Cash Per Share | -$43.79 |
| Equity / Book Value | 522.15M |
| Book Value Per Share | 32.40 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $66.61 million and capital expenditures -$6.09 million, giving a free cash flow of $60.52 million.
| Operating Cash Flow | 66.61M |
| Capital Expenditures | -6.09M |
| Free Cash Flow | 60.52M |
| FCF Per Share | $3.78 |
Margins
Gross margin is 100.00%, with operating and profit margins of 47.11% and 37.72%.
| Gross Margin | 100.00% |
| Operating Margin | 47.11% |
| Pretax Margin | 47.11% |
| Profit Margin | 37.72% |
| EBITDA Margin | 52.39% |
| EBIT Margin | 47.11% |
| FCF Margin | 27.76% |
Dividends & Yields
This stock pays an annual dividend of $1.40, which amounts to a dividend yield of 3.88%.
| Dividend Per Share | $1.40 |
| Dividend Yield | 3.88% |
| Dividend Growth (YoY) | 6.15% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 27.29% |
| Buyback Yield | -1.00% |
| Shareholder Yield | 2.88% |
| Earnings Yield | 14.14% |
| FCF Yield | 10.41% |
Analyst Forecast
The average price target for MBWM is $47.00, which is 30.30% higher than the current price. The consensus rating is "Buy".
| Price Target | $47.00 |
| Price Target Difference | 30.30% |
| Analyst Consensus | Buy |
| Analyst Count | 1 |
| 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 | 4 |