$45.08
0.77% yesterday
Nasdaq, Dec 23, 10:01 pm CET
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Mercantile Bank Corporation Stock price

$45.08
-6.06 11.85% 1M
+7.23 19.10% 6M
+4.70 11.64% YTD
+4.35 10.68% 1Y
+10.02 28.58% 3Y
+8.41 22.93% 5Y
+24.77 121.94% 10Y
Nasdaq, Closing price Mon, Dec 23 2024
-0.35 0.77%
ISIN
US5873761044
Symbol
MBWM
Sector
Industry

Key metrics

Market capitalization $727.68m
Enterprise Value $1.42b
P/E (TTM) P/E ratio 9.08
EV/FCF (TTM) EV/FCF 50.60
EV/Sales (TTM) EV/Sales 4.05
P/S ratio (TTM) P/S ratio 2.07
P/B ratio (TTM) P/B ratio 1.25
Dividend yield 3.15%
Last dividend (FY24) $1.42
Revenue growth (TTM) Revenue growth 22.21%
Revenue (TTM) Revenue $351.33m
EBIT (operating result TTM) EBIT $100.27m
Free Cash Flow (TTM) Free Cash Flow $28.10m
EPS (TTM) EPS $4.97
P/E forward 9.26
P/S forward 3.17
EV/Sales forward 6.20
Short interest 0.37%
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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:

1x Buy
20%
4x Hold
80%

Analyst Opinions

5 Analysts have issued a Mercantile Bank Corporation forecast:

Buy
20%
Hold
80%

Financial data from Mercantile Bank Corporation

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Sep '24
+/-
%
351 351
22% 22%
100%
- Direct Costs - -
-
-
- -
-
-
- Selling and Administrative Expenses 23 23
6% 6%
7%
- Research and Development Expense - -
-
-
- -
-
-
- Depreciation and Amortization 11 11
10% 10%
3%
EBIT (Operating Income) EBIT 100 100
4% 4%
29%
Net Profit 80 80
5% 5%
23%

In millions USD.

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Mercantile Bank Corporation Stock News

Negative
Seeking Alpha
2 months ago
Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1% since April, outperforming the S&P 500, but asset quality concerns and potential interest rate cuts prompted a downgrade to “buy.”. Net interest income increased due to reduced credit loss provis...
Neutral
Seeking Alpha
2 months ago
Mercantile Bank Corporation (NASDAQ:MBWM ) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - President and CEO Charles Christmas - EVP and CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Goo...
Neutral
PRNewsWire
2 months ago
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for t...
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 631
Founded 1997
Website www.mercbank.com

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