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Mercantile Bank (MBWM) Stock Price & Analysis

MBWM Stock Chart & Stats

$61.32$1.51(2.52%)
At close: 11:29 AM EST
$58$60$6210 Aug24 Aug8 Sep21 Sep5 Oct19 Oct2 Nov
Day’s Range
$59.94 - $61.53
52-Week Range
$43.00 - $62.95
Previous Close
$59.81
Volume
N/A
Average Volume (3M)
115.23K
Market Cap
$1.03B
Enterprise Value
$1.62B
Total Cash (Recent Filing)
$1.73B
Total Debt (Recent Filing)
$666.72M
Price to Earnings (P/E)
10.9
Beta
0.81
Next Earnings
Jan 19, 2027 (Est.)
EPS Estimate
1.36
Next Dividend Ex-Date
Dec 04, 2026
Dividend Yield
2.55%

Bulls Say, Bears Say

Bulls Say

Improving Funding Economics

Higher net interest margin, strong deposit growth, and lower funding costs support durable expansion in core banking earnings. The increase in noninterest-bearing deposits and reduction in brokered certificates of deposit also improve funding quality and reduce reliance on more expensive sources.

Commercial Banking Growth

Loan growth and a larger commercial pipeline indicate strengthening customer relationships and room to expand earning assets. Management’s Southeast Michigan hiring and projected 5%–7% annualized loan growth could extend this growth trajectory beyond the current reporting period.

Strong Asset Quality And Capital

Very low problem-asset and past-due loan levels reduce the immediate burden of credit losses, while strong regulatory capital provides resilience. Together, disciplined underwriting and capital capacity support continued lending and better protection through changing credit conditions.

Bears Say

Volatile Cash Generation

The sharp deterioration in operating and free cash flow weakens the internal funding cushion available for dividends, buybacks, and balance-sheet growth. Even if timing effects contributed, the magnitude and volatility make cash-generation quality less dependable over the next several quarters.

Elevated Operating And Integration Costs

Higher personnel, technology, integration, and acquisition costs are absorbing part of the benefit from revenue and margin growth. Continued investment may support future capabilities, but near-term expense pressure and uncertain hiring needs could constrain operating leverage and earnings conversion.

Loan Yield And Payoff Pressure

Lower loan yields can compress asset returns, while elevated payoffs and paydowns create reinvestment and growth execution challenges. These pressures may require the bank to replace runoff with new lending, making sustained balance-sheet expansion less predictable despite its strong pipeline.

Mercantile Bank News

MBWM FAQ

What was Mercantile Bank’s price range in the past 12 months?
Mercantile Bank lowest stock price was $43.00 and its highest was $62.95 in the past 12 months.
What is Mercantile Bank’s market cap?
Mercantile Bank’s market cap is $1.03B.
When is Mercantile Bank’s upcoming earnings report date?
Mercantile Bank’s next earnings report is estimated for Jan 19, 2027 (not yet confirmed), which is in 77 days.
How were Mercantile Bank’s earnings last quarter?
Mercantile Bank released its earnings results on Oct 20, 2026. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.347 by $0.043.
Is Mercantile Bank overvalued?
According to Wall Street analysts Mercantile Bank’s price is currently Undervalued.
Does Mercantile Bank pay dividends?
Mercantile Bank pays a Quarterly dividend of $0.4 which represents an annual dividend yield of 2.55%. See more information on Mercantile Bank dividends here
What is Mercantile Bank’s EPS estimate?
Mercantile Bank’s EPS estimate is 1.36.
How many shares outstanding does Mercantile Bank have?
Mercantile Bank has 17,288,351 shares outstanding.
What happened to Mercantile Bank’s price movement after its last earnings report?
Mercantile Bank reported an EPS of $1.39 in its last earnings report, beating expectations of $1.347. Following the earnings report the stock price went up 1.061%.
Which hedge fund is a major shareholder of Mercantile Bank?
Hedge funds hold Mercantile Bank shares: the largest hedge-fund position in Mercantile Bank is 71,885,815 shares, and hedge funds increased their holdings by 147.0K shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology