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MBWM
Mercantile Bank Corporation
58.90
2 x 41.54
2 x 73.92
bid
ask
+
1.48
2.58%
2 @ 04:10 AM
59.18 +0.28 (0.48%)
Ytd22.45%
1y23.20%
56.45
day range
58.99
42.75
52 week range
58.99
Open57.46Prev Close57.42Low56.45High58.99Mkt Cap1.02B
Vol120.85KAvg Vol130.36KEPS5.58P/E10.56Forward P/E10.18
Beta0.97Short Ratio0.92Inst. Own63.98%Dividend1.44Div Yield3.17
Ex Div Date12-06Earning07-2150-d Avg52.85200-d Avg49.851yr Est53.00
Earning
DateForEstimateReportedSurprisesurprise %
2025-01-212024-121.15N/AN/AN/A
2024-10-152024-091.181.220.043.39%
2024-07-162024-061.171.17N/AN/A
2024-04-162024-031.141.340.217.54%
2024-01-162023-121.221.250.032.46%
2023-10-172023-091.171.30.1311.11%
Upgrade / Downgrade
DateFirmActionFromTo
2026-06-26Piper SandlerUpgradeNeutralNeutral
2026-01-21Keefe, Bruyette & WoodsUpgradeOutperformOutperform
2026-01-07Raymond JamesUpgradeOutperformOutperform
2025-10-22Raymond JamesUpgradeOutperformOutperform
2025-07-24Raymond JamesUpgradeMarket PerformOutperform
2025-07-23Piper SandlerUpgradeNeutralNeutral
Profile
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.
Insider Holder
DateNameRelationQuantityDescription
2026-02-04AUGUSTYN MARK SOfficer33.03KStock Award(Grant)
2026-02-12CHRISTMAS CHARLES EChief Financial Officer123.50KStock Award(Grant)
2025-01-01DICKINSON THOMAS DDirector24.90KStock Award(Grant)
2026-05-21ELDRIDGE MICHELLE LARABEEDirector19.42KStock Award(Grant)
2026-02-04HOOVER BRETTOfficer19.56KStock Award(Grant)
2025-05-01KAMINSKI ROBERT B JR.Director89.80KSale
Institution Ownership
Report DateOrganizationPositionValuePercentage
2026-03-30Blackrock Inc.1.39M81.80M8.04%
2026-03-30Wellington Management Group, LLP1.19M70.03M6.88%
2026-03-30Dimensional Fund Advisors LP1.03M60.84M5.98%
2026-03-30Vanguard Capital Management LLC704.32K41.48M4.08%
2026-03-30American Century Companies Inc561.47K33.07M3.25%
2026-03-30State Street Corporation502.47K29.60M2.91%
Fund Ownership
Report DateOrganizationPositionValuePercentage
2026-05-30American Century ETF Trust-Avantis U.S. Small Cap Value ETF495.03K29.16M2.87%
2026-03-30VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund494.84K29.15M2.86%
2026-04-29iShares Trust-iShares Russell 2000 ETF384.14K22.63M2.22%
2026-04-29DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio233.92K13.78M1.35%
2026-03-30VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund192.87K11.36M1.12%
2026-04-29Fidelity Salem Street Trust-Fidelity Small Cap Index Fund166.36K9.80M0.96%
Dividend
DividendDate
0.392026-06-05
0.392026-03-06
0.382025-12-05
0.382025-09-05
0.372025-06-06
0.372025-03-07
Split
SplitDate
105 : 1002007-04-19
1.05 : 12007-04-18
1 : 12006-04-20
105 : 1002005-07-14
1.05 : 12005-07-13
105 : 1002004-04-14