Mercantile Bank Corporation MBWM
Set alert
59.81 USD -0.84 -1.38%
At close · Oct 30
59.81 0.00 0.00%
After hours · Oct 30, 4:00 PM ET
59.71 Day range 61.29
43.74 52-week range 62.14
- YTD
- +24.35%
- 1 year
- +36.49%
- Open
- 61.29
- Prev close
- 60.65
- Mkt cap
- 1.03B
- Vol
- 114.38K
- Avg vol
- 114.43K
- EPS
- 5.62
- P/E
- 10.64
- Div yield
- 2.64%
More statistics
- Low
- 59.71
- High
- 61.29
- Forward P/E
- 10.17
- Beta
- 0.84
- Short ratio
- 4.89
- Inst. own
- 71.96%
- Dividend
- 1.60
- Ex-div date
- Dec 3, 2026
- Earnings
- Jan 19, 2027
- 50-d avg
- 59.74
- 200-d avg
- 55.37
- 1y target
- 64.17
2Y chart
Events in this range
- Dec 6, 2024Dividend: 0.36
- Mar 7, 2025Dividend: 0.37
- Jun 6, 2025Dividend: 0.37
- Sep 5, 2025Dividend: 0.38
- Oct 21, 2025Earnings: 1.46; estimate 1.38; surprise 5.8%
- Dec 5, 2025Dividend: 0.38
- Jan 7, 2026Rating: Raymond James · Outperform → Outperform
- Jan 20, 2026Earnings: 1.4; estimate 1.37; surprise 2.19%
- Jan 21, 2026Rating: Keefe, Bruyette & Woods · Outperform → Outperform
- Mar 6, 2026Dividend: 0.39
- Apr 21, 2026Earnings: 1.32; estimate 1.26; surprise 4.76%
- Jun 5, 2026Dividend: 0.39
- Jun 26, 2026Rating: Piper Sandler · Neutral → Neutral
- Jul 21, 2026Earnings: 1.53; estimate 1.32; surprise 15.91%
- Jul 22, 2026Downgrade: Hovde Group · Outperform → Market Perform
- Jul 22, 2026Rating: Keefe, Bruyette & Woods · Outperform → Outperform
- Sep 4, 2026Dividend: 0.4
- Oct 20, 2026Earnings: 1.42; estimate 1.35; surprise 5.19%
- Oct 21, 2026Rating: Keefe, Bruyette & Woods · Outperform → Outperform
Signals (91)
| Name | Date | Ago |
|---|---|---|
| SMA: Bullish | Oct 22, 2026 | 1 week ago |
| MACD: Buy Signal | Oct 19, 2026 | 1 week ago |
| MACD: Sell Signal | Sep 16, 2026 | 1 month ago |
| MACD: Buy Signal | Sep 11, 2026 | 1 month ago |
| MACD: Sell Signal | Sep 9, 2026 | 1 month ago |
| MACD: Buy Signal | Sep 4, 2026 | 1 month ago |
| MACD: Sell Signal | Aug 11, 2026 | 2 months ago |
| MACD: Buy Signal | Jul 28, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 22, 2026 | 3 months ago |
| MACD: Buy Signal | Jul 21, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 9, 2026 | 3 months ago |
| RSI: Overbought | Jul 1, 2026 | 4 months ago |
| SMA: Bullish | Jun 4, 2026 | 4 months ago |
| SMA: Bearish | Jun 3, 2026 | 5 months ago |
| MACD: Buy Signal | May 21, 2026 | 5 months ago |
| SMA: Bullish | May 20, 2026 | 5 months ago |
| SMA: Bearish | May 19, 2026 | 5 months ago |
| SMA: Bullish | May 18, 2026 | 5 months ago |
| SMA: Bearish | May 13, 2026 | 5 months ago |
| SMA: Bullish | May 12, 2026 | 5 months ago |
| SMA: Bearish | May 11, 2026 | 5 months ago |
| MACD: Sell Signal | May 11, 2026 | 5 months ago |
| MACD: Buy Signal | May 7, 2026 | 5 months ago |
| SMA: Bullish | May 5, 2026 | 5 months ago |
| SMA: Bearish | May 4, 2026 | 6 months ago |
| SMA: Bullish | May 1, 2026 | 6 months ago |
| SMA: Bearish | Apr 29, 2026 | 6 months ago |
| SMA: Bullish | Apr 28, 2026 | 6 months ago |
| MACD: Sell Signal | Apr 22, 2026 | 6 months ago |
| SMA: Bearish | Apr 21, 2026 | 6 months ago |
| SMA: Bullish | Apr 7, 2026 | 6 months ago |
| MACD: Buy Signal | Mar 30, 2026 | 7 months ago |
| SMA: Bearish | Mar 6, 2026 | 7 months ago |
| MACD: Sell Signal | Feb 13, 2026 | 8 months ago |
| RSI: Overbought | Feb 5, 2026 | 8 months ago |
| MACD: Buy Signal | Jan 30, 2026 | 9 months ago |
| MACD: Sell Signal | Jan 28, 2026 | 9 months ago |
| RSI: Overbought | Jan 21, 2026 | 9 months ago |
| MACD: Buy Signal | Jan 15, 2026 | 9 months ago |
| MACD: Sell Signal | Dec 24, 2025 | 10 months ago |
| RSI: Overbought | Dec 15, 2025 | 10 months ago |
| SMA: Bullish | Nov 25, 2025 | 11 months ago |
| SMA: Bullish | Nov 25, 2025 | 11 months ago |
| SMA: Bearish | Nov 24, 2025 | 11 months ago |
| SMA: Bearish | Nov 24, 2025 | 11 months ago |
| SMA: Bullish | Nov 21, 2025 | 11 months ago |
| SMA: Bullish | Nov 21, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 21, 2025 | 11 months ago |
| MACD: Sell Signal | Nov 18, 2025 | 11 months ago |
| SMA: Bearish | Nov 13, 2025 | 11 months ago |
| SMA: Bullish | Nov 12, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 3, 2025 | 12 months ago |
| MACD: Sell Signal | Oct 30, 2025 | 1 year ago |
| MACD: Buy Signal | Oct 21, 2025 | 1 year ago |
| MACD: Sell Signal | Oct 16, 2025 | 1 year ago |
| SMA: Bearish | Oct 15, 2025 | 1 year ago |
| SMA: Bullish | Oct 14, 2025 | 1 year ago |
| MACD: Buy Signal | Oct 14, 2025 | 1 year ago |
| SMA: Bearish | Oct 7, 2025 | 1 year ago |
| SMA: Bullish | Oct 6, 2025 | 1 year ago |
| SMA: Bearish | Sep 25, 2025 | 1 year ago |
| SMA: Bearish | Sep 19, 2025 | 1 year ago |
| SMA: Bullish | Sep 18, 2025 | 1 year ago |
| SMA: Bearish | Sep 12, 2025 | 1 year ago |
| MACD: Sell Signal | Sep 9, 2025 | 1 year ago |
| SMA: Bullish | Aug 18, 2025 | 1 year ago |
| SMA: Bearish | Aug 15, 2025 | 1 year ago |
| MACD: Buy Signal | Aug 14, 2025 | 1 year ago |
| SMA: Bullish | Aug 12, 2025 | 1 year ago |
| SMA: Bearish | Jul 30, 2025 | 1 year ago |
| MACD: Sell Signal | Jul 16, 2025 | 1 year ago |
| RSI: Overbought | Jul 8, 2025 | 1 year ago |
| RSI: Overbought | Jul 1, 2025 | 1 year ago |
| MACD: Buy Signal | Jun 24, 2025 | 1 year ago |
| SMA: Bullish | Jun 18, 2025 | 1 year ago |
| SMA: Bearish | Jun 17, 2025 | 1 year ago |
| MACD: Sell Signal | May 23, 2025 | 1 year ago |
| SMA: Bullish | May 7, 2025 | 1 year ago |
| SMA: Bearish | May 5, 2025 | 1 year ago |
| SMA: Bullish | May 2, 2025 | 1 year ago |
| MACD: Buy Signal | Apr 17, 2025 | 1 year ago |
| RSI: Oversold | Apr 11, 2025 | 1 year ago |
| RSI: Oversold | Apr 3, 2025 | 1 year ago |
| MACD: Sell Signal | Apr 1, 2025 | 1 year ago |
| MACD: Buy Signal | Mar 24, 2025 | 1 year ago |
| SMA: Bearish | Mar 4, 2025 | 1 year ago |
| MACD: Sell Signal | Feb 14, 2025 | 1 year ago |
| SMA: Bullish | Jan 22, 2025 | 1 year ago |
| MACD: Buy Signal | Jan 16, 2025 | 1 year ago |
| RSI: Oversold | Jan 10, 2025 | 1 year ago |
| RSI: Overbought | Nov 22, 2024 | 1 year ago |
Key statistics
- Market cap
- 1.03B
- Enterprise value
- 1.09B
- Trailing P/E
- 10.64
- Forward P/E
- 10.17
- PEG ratio
- 1.63
- Price / sales
- 3.77
- Price / book
- 1.39
- EPS (TTM)
- 5.62
- Beta
- 0.84
- Dividend yield
- 2.64%
- Payout ratio
- 27.07%
- Profit margin
- 34.84%
- Revenue (TTM)
- 274.17M
- Revenue growth
- 17.10%
- Free cash flow
- 0
- Total cash
- 628.50M
- Total debt
- 666.72M
- Return on equity
- 13.63%
- Shares outstanding
- 17.29M
- Short % of float
- 3.33%
- 50-day average
- 59.74
- 200-day average
- 55.37
Analyst view
Consensus: hold
Hold
Price target (mean) 64.17 +7.3% upside
Now 59.81
- Target (low)
- 62.00
- Target (mean)
- 64.17
- Target (high)
- 66.00
Ratings (0m) 6 2 buy · 4 hold · 0 sell
- Strong buy2
- Buy0
- Hold4
- Sell0
- Strong sell0
Next earnings
Jan 19, 2027
Expected Jan 19, 2027. Consensus EPS estimate 1.38.
Financials — quick view
MBWM Revenue — quarterly 70.56M
MBWM Net income — quarterly 25.93M
MBWM EPS — quarterly 1.50
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 19, 2027 | Dec 30, 2026 | 1.39 | — | — | — |
| Oct 20, 2026 | Sep 30, 2026 | 1.35 | 1.42 | +0.07 | +5.19% |
| Jul 21, 2026 | Jun 30, 2026 | 1.32 | 1.53 | +0.21 | +15.91% |
| Apr 21, 2026 | Mar 31, 2026 | 1.26 | 1.32 | +0.06 | +4.76% |
| Jan 20, 2026 | Dec 31, 2025 | 1.37 | 1.40 | +0.03 | +2.19% |
| Oct 21, 2025 | Sep 30, 2025 | 1.38 | 1.46 | +0.08 | +5.80% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 21, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jul 22, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jul 22, 2026 | Hovde Group | down | Outperform | Market Perform |
| Jun 26, 2026 | Piper Sandler | main | Neutral | Neutral |
| Jan 21, 2026 | Keefe, Bruyette & Woods | main | Outperform | Outperform |
| Jan 7, 2026 | Raymond James | main | Outperform | Outperform |
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Country
- United States
- Website
- mercbank.com
News
- Mercantile Bank (MBWM) Upgraded to Buy: Here's Why
- Mercantile Bank: 3 Key Takeaways for Long-Term Investors
- Mercantile Bank Corporation (MBWM) Q3 2026 Earnings Call Transcript
- Mercantile Bank Q3 Earnings Call Highlights
- Mercantile Bank Q3 2026 Earnings Call Transcript
- Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
- Mercantile Bank (MBWM) Q3 Earnings and Revenues Surpass Estimates
- Mercantile Bank Q3 Adj. EPS $1.42 Beats $1.35 Estimate, Sales $73.203M Beat $71.032M Estimate
- Mercantile Bank Corporation Announces Robust Third Quarter 2026 Results
- Mercantile Bank Corporation Declares Regular Cash Dividend
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| AUGUSTYN MARK S | Officer | Stock Award(Grant) | Feb 4, 2026 | 33,025 |
| CHRISTMAS CHARLES E | Chief Financial Officer | Stock Award(Grant) | Feb 12, 2026 | 123,500 |
| DICKINSON THOMAS D | Director | Stock Award(Grant) | Jan 1, 2025 | 24,896 |
| ELDRIDGE MICHELLE LARABEE | Director | Stock Award(Grant) | May 21, 2026 | 19,420 |
| HOOVER BRETT | Officer | Stock Award(Grant) | Feb 4, 2026 | 19,562 |
| KAMINSKI ROBERT B JR. | Director | Sale | May 1, 2025 | 89,796 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 8.88% | 1,534,392 | 91.77M | Jun 29, 2026 |
| Wellington Management Group, LLP | 6.29% | 1,087,998 | 65.07M | Jun 29, 2026 |
| Dimensional Fund Advisors LP | 6.06% | 1,046,841 | 62.61M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.26% | 735,613 | 44.00M | Jun 29, 2026 |
| American Century Companies Inc | 3.62% | 625,015 | 37.38M | Jun 29, 2026 |
| State Street Corporation | 3.46% | 598,641 | 35.80M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| American Century ETF Trust-Avantis U.S. Small Cap Value ETF | 3.25% | 562,025 | 33.61M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.01% | 520,137 | 31.11M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.76% | 476,556 | 28.50M | Sep 29, 2026 |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.35% | 233,920 | 13.99M | Jul 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund | 1.15% | 199,073 | 11.91M | Jun 29, 2026 |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 1.09% | 188,836 | 11.29M | Jul 30, 2026 |