- $679.30m
- $990.98m
- $231.48m
- 60
- 83
- 90
- 92
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 8.44 | ||
| PEG Ratio (f) | n/a | ||
| EPS Growth (f) | -0.63% | ||
| Dividend Yield (f) | 3.6% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 1.12 | ||
| Price to Tang. Book | 1.22 | ||
| Price to Free Cashflow | 7.34 | ||
| Price to Sales | 2.95 | ||
| EV to EBITDA | 128.17 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 1.55% | ||
| Return on Equity | 13.55% | ||
| Operating Margin | 41.37% | ||
Financial Summary
| Year End 31st Dec | Unit | 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $m | 167.42 | 180.28 | 190.32 | 225.69 | 231.47 | 239.17 | 248.03 | 8.85% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | +13.04 | +12.68 | +2.26 | +31.57 | -2.84 | -2.05 | +2.48 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Petoskey, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Directors
- Michael Price CHM (64)
- Robert Kaminski PRE (59)
- Charles Christmas CFO (55)
- Robert Worthington COO (46)
- Raymond Reitsma EVP (57)
- Lonna Wiersma SVP (61)
- David Cassard IND (67)
- Michael Davenport IND (51)
- Michelle Eldridge IND (56)
- Jeff Gardner IND (69)
- David Ramaker IND (65)
- Last Annual
- December 31st, 2024
- Last Interim
- March 31st, 2025
- Incorporated
- July 15th, 1997
- Public Since
- October 24th, 1997
- No. of Shareholders
- 7,000
- No. of Employees
- 662
- Sector
- Banking Services
- Industry
- Financials
- Exchange
NASDAQ Global Select Market- Shares in Issue
- 16,235,660
- Address
- 310 Leonard St NW, GRAND RAPIDS, 49504
- Web
- https://ir.mercbank.com/
- Phone
- +1 6164063000
- Contact
- Charles Christmas
- Auditors
- Plante & Moran PLLC
Upcoming Events for MBWM
Mercantile Bank Corp Annual Shareholders Meeting
Dividend For MBWM.OQ - 0.3700 USD
Q2 2025 Mercantile Bank Corp Earnings Release
Q3 2025 Mercantile Bank Corp Earnings Release
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FAQ
What is the Mercantile Bank share price?
As of Today at 22:00 UTC, shares in Mercantile Bank are trading at $41.84. This share price information is delayed by 15 minutes.
How has the Mercantile Bank share price performed this year?
Shares in Mercantile Bank last closed at $41.84 and the price had moved by +14.66% over the past 365 days. In terms of relative price strength the Mercantile Bank share price has outperformed the S&P500 Index by +5.84% over the past year.
What are the analyst and broker recommendations for Mercantile Bank?
The overall consensus recommendation for Mercantile Bank is Hold. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreWhat is the Mercantile Bank dividend yield?
The Mercantile Bank dividend yield is 3.44% based on the trailing twelve month period.
Does Mercantile Bank pay a dividend?
Last year, Mercantile Bank paid a total dividend of $1.44, and it currently has a trailing dividend yield of 3.44%.Looking ahead, shares in Mercantile Bank are due to go ex-dividend on 2025-06-06 and the next dividend pay date is 2025-06-18.
When does Mercantile Bank next pay dividends?
Mercantile Bank are due to go ex-dividend on 2025-06-06 and the next dividend pay date is 2025-06-18. The historic dividend yield on Mercantile Bank shares is currently 3.44%.
How do I buy Mercantile Bank shares?
To buy shares in Mercantile Bank you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
What is the market cap of Mercantile Bank?
As of the previous close price of $41.84, shares in Mercantile Bank had a market capitalisation of $679.30m.
Where are Mercantile Bank shares listed?
Here are the trading details for Mercantile Bank:
- Country of listing: United States
- Exchange: NSQ
- Ticker Symbol: MBWM
What kind of share is Mercantile Bank?
Based on an overall assessment of its quality, value and momentum Mercantile Bank is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
Is there a Mercantile Bank share price forecast for 2025?
The analyst consensus target price for shares in Mercantile Bank is $49.13. That is 17.42% above the last closing price of $41.84.
Analysts covering Mercantile Bank currently have a consensus Earnings Per Share (EPS) forecast of $4.92 for the next financial year.
Find out moreWhat is the trend in the Mercantile Bank share price?
An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Mercantile Bank. Over the past six months, its share price has outperformed the S&P500 Index by +3.42%.
As of the last closing price of $41.84, shares in Mercantile Bank were trading -7.85% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
What is the Mercantile Bank PE Ratio?
The Mercantile Bank PE ratio based on its reported earnings over the past 12 months is 8.44. The shares last closed at $41.84.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Who are the key directors of Mercantile Bank?
Mercantile Bank's management team is headed by:
- Michael Price - CHM
- Robert Kaminski - PRE
- Charles Christmas - CFO
- Robert Worthington - COO
- Raymond Reitsma - EVP
- Lonna Wiersma - SVP
- David Cassard - IND
- Michael Davenport - IND
- Michelle Eldridge - IND
- Jeff Gardner - IND
- David Ramaker - IND