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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Mercantile Bank (MBWM) Stock Price & Analysis
348 Followers
MBWM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$23.24 - $42.41
Previous Close$39.01
Volume45.63K
Average Volume (3M)73.84K
Market Cap
$628.87M
Enterprise Value$1.24B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$606.52M
Price to Earnings (P/E)7.6
Beta0.64
Next Earnings
Jul 16, 2024EPS Estimate
$1.16Next Dividend Ex-Date
Jun 07, 2024Dividend Yield3.49%
Share Statistics
EPS (TTM)5.16
Shares Outstanding16,120,758
10 Day Avg. Volume62,279
30 Day Avg. Volume73,840
Standard Deviation0.09
R-Squared0.32
Alpha-0.00158
Financial Highlights & Ratios
Price to Book (P/B)1.35
Price to Sales (P/S)2.79
Price to Cash Flow (P/CF)-21.90
P/FCF Ratio12.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.49
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$44.00Price Target Upside12.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Mercantile Bank News
PremiumCompany Announcements
Mercantile Bank Corp. Engages Stakeholders with Q1 Webcast
PremiumCompany Announcements
Mercantile Bank Corp. Welcomes Nelson F. Sanchez to BoardOwnership Overview
13.58% Insiders
17.57% Mutual Funds
26.68% Other Institutional Investors
42.17% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
MBWM FAQ
What was Mercantile Bank Corp.’s price range in the past 12 months?
Mercantile Bank Corp. lowest stock price was $23.24 and its highest was $42.41 in the past 12 months.
What is Mercantile Bank Corp.’s market cap?
Currently, no data Available
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Jul 16, 2024 which is in 62 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Apr 16, 2024. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.142 by $0.198.
Is Mercantile Bank Corp. overvalued?
According to Wall Street analysts Mercantile Bank Corp.’s price is currently Undervalued.
Does Mercantile Bank Corp. pay dividends?
Mercantile Bank Corp. pays a Quarterly dividend of $0.35 which represents an annual dividend yield of 3.49%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is $1.16.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 16,120,758 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.34 in its last earnings report, beating expectations of $1.142. Following the earnings report the stock price went down -3.723%.
Which hedge fund is a major shareholder of Mercantile Bank Corp.?
Among the largest hedge funds holding Mercantile Bank Corp.’s share is Hotchkis & Wiley Capital Management LLC. It holds Mercantile Bank Corp.’s shares valued at 5M.
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Mercantile Bank Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$44.00 (12.53% Upside)
$44.00 (12.53% Upside)
Blogger Sentiment
Bullish
MBWM Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 5.9K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
67.07%
12-Months-Change
Fundamentals
Return on Equity
16.49%
Trailing 12-Months
Asset Growth
11.64%
Trailing 12-Months
Company Description
Mercantile Bank Corp.
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.
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MBWM Company Deck
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MBWM Earnings Call
Q1 2024
0:00 / 0:00
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MBWM Stock 12 Month Forecast
Average Price Target
$44.00
▲(12.53% Upside)
Technical Analysis
Horizon Bancorp
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First Commonwealth
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Huntington Bancshares
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Seacoast Banking Of Florida
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Best Analysts Covering MBWM
1 Year
1 Year Success Rate
11/12 ratings generated profit
1 Year Average Return
+15.13%
reiterated a buy rating 29 days ago
Copying Damon Delmonte's trades and holding each position for 1 Year would result in 91.67% of your transactions generating a profit, with an average return of +15.13% per trade.
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