$47.86
0.96% today
Nasdaq, Feb 28, 04:32 pm CET
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Mercantile Bank Corporation Stock price

$47.40
-2.69 5.37% 1M
+2.01 4.43% 6M
+2.91 6.54% YTD
+10.62 28.87% 1Y
+10.53 28.56% 3Y
+17.26 57.27% 5Y
+29.13 159.51% 10Y
Nasdaq, Closing price Thu, Feb 27 2025
+0.09 0.19%
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Key metrics

Market capitalization $765.13m
Enterprise Value $1.36b
P/E (TTM) P/E ratio 9.61
EV/Sales (TTM) EV/Sales 3.75
P/S ratio (TTM) P/S ratio 2.11
P/B ratio (TTM) P/B ratio 1.31
Dividend yield 3.00%
Last dividend (FY24) $1.42
Revenue growth (TTM) Revenue growth 19.24%
Revenue (TTM) Revenue $361.89m
EBIT (operating result TTM) EBIT $98.28m
EPS (TTM) EPS $4.93
P/E forward 9.81
P/S forward 3.22
EV/Sales forward 5.71
Short interest 0.90%
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Is Mercantile Bank Corporation a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?

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Mercantile Bank Corporation Stock Analysis

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Analyst Opinions

5 Analysts have issued a Mercantile Bank Corporation forecast:

2x Buy
40%
3x Hold
60%

Analyst Opinions

5 Analysts have issued a Mercantile Bank Corporation forecast:

Buy
40%
Hold
60%

Financial data from Mercantile Bank Corporation

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Dec '24
+/-
%
362 362
19% 19%
100%
- Direct Costs - -
-
-
- -
-
-
- Selling and Administrative Expenses 36 36
59% 59%
10%
- Research and Development Expense - -
-
-
- -
-
-
- Depreciation and Amortization - -
-
-
EBIT (Operating Income) EBIT 98 98
4% 4%
27%
Net Profit 80 80
3% 3%
22%

In millions USD.

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Mercantile Bank Corporation Stock News

Positive
Seeking Alpha
about 14 hours ago
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champ...
Neutral
Seeking Alpha
about one month ago
Mercantile Bank Corporation (NASDAQ:MBWM ) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Nichole Kladder - First Vice President and Chief Marketing Officer Raymond Reitsma - President and Chief Executive Officer Charles Christmas - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Nathan Race - Pi...
Neutral
PRNewsWire
about one month ago
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the fourth quarter of 2024, compared with net income of $20.0 m...
More Mercantile Bank Corporation News

Company Profile

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Head office United States
CEO Raymond Reitsma
Employees 668
Founded 1997
Website www.mercbank.com

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