Mercantile Bank/$MBWM
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About Mercantile Bank
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Ticker
$MBWM
Sector
Primary listing
Industry
Banks
Headquarters
Employees
665
ISIN
US5873761044
Website
Mercantile Bank Metrics
BasicAdvanced
$746M
9.58
$4.80
0.88
$1.46
3.22%
Price and volume
Market cap
$746M
Beta
0.88
52-week high
$48.66
52-week low
$37.76
Average daily volume
64K
Dividend rate
$1.46
Financial strength
Dividend payout ratio (TTM)
29.45%
Profitability
Net profit margin (TTM)
34.89%
Operating margin (TTM)
44.47%
Effective tax rate (TTM)
18.65%
Revenue per employee (TTM)
$330,000
Management effectiveness
Return on assets (TTM)
1.34%
Return on equity (TTM)
13.55%
Valuation
Price to earnings (TTM)
9.579
Price to revenue (TTM)
3.341
Price to book
1.23
Price to tangible book (TTM)
1.34
Price to free cash flow (TTM)
15.063
Free cash flow yield (TTM)
6.64%
Free cash flow per share (TTM)
305.25%
Dividend yield (TTM)
3.18%
Forward dividend yield
3.22%
Growth
Revenue change (TTM)
0.96%
Earnings per share change (TTM)
-6.98%
3-year revenue growth (CAGR)
6.90%
3-year earnings per share growth (CAGR)
10.64%
10-year earnings per share growth (CAGR)
13.90%
3-year dividend per share growth (CAGR)
6.27%
10-year dividend per share growth (CAGR)
11.16%
Bulls say / Bears say
Mercantile Bank reported strong first-quarter 2025 results, with net interest income increasing by 2.5% and earnings per share reaching $1.21, indicating solid financial performance. (stocktitan.net)
The bank increased its quarterly dividend to $0.37 per share, reflecting confidence in its financial stability and commitment to returning value to shareholders. (americanbankingnews.com)
Analysts have raised their price targets for Mercantile Bank, with Keefe, Bruyette & Woods increasing their target to $57 and maintaining an 'outperform' rating, suggesting positive future prospects. (etfdailynews.com)
Mercantile Bank's net income declined in Q3 2024, with net interest income decreasing by 1.4%, indicating potential challenges in maintaining profitability. (markets.businessinsider.com)
Insider selling activity, including significant stock sales by Director Robert B. Kaminski, may signal concerns about the company's future performance. (etfdailynews.com)
Piper Sandler downgraded Mercantile Bank's rating to 'neutral' and lowered the price target to $47.50, reflecting cautious sentiment about the bank's growth prospects. (etfdailynews.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
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FAQs
What’s the current market cap for Mercantile Bank stock?
Mercantile Bank (MBWM) has a market cap of $746M as of June 28, 2025.
What is the P/E ratio for Mercantile Bank stock?
The price to earnings (P/E) ratio for Mercantile Bank (MBWM) stock is 9.58 as of June 28, 2025.
Does Mercantile Bank stock pay dividends?
Yes, the Mercantile Bank (MBWM) stock pays dividends to shareholders. As of June 28, 2025, the dividend rate is $1.46 and the yield is 3.22%. Mercantile Bank has a payout ratio of 29.45% on a trailing twelve-month basis.
When is the next Mercantile Bank dividend payment date?
The next Mercantile Bank (MBWM) dividend payment date is unconfirmed.
What is the beta indicator for Mercantile Bank?
Mercantile Bank (MBWM) has a beta rating of 0.88. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.