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MBWM
Mercantile Bank Corporation
60.03
2 x 44.07
2 x 76.86
bid
ask
-
0.35
0.58%
2 @ 07:30 PM
60.03 +0.00 (0.00%)
Ytd24.80%
1y24.31%
59.29
day range
60.55
43.14
52 week range
62.14
Open60.01Prev Close60.38Low59.29High60.55Mkt Cap1.04B
Vol225.48KAvg Vol125.92KEPS5.69P/E10.55Forward P/E10.43
Beta0.81Short Ratio4.93Inst. Own70.96%Dividend1.56Div Yield2.58
Ex Div Date09-04Earning10-2050-d Avg59.96200-d Avg53.771yr Est63.17
Earning
DateForEstimateReportedSurprisesurprise %
2026-10-202026-091.35N/AN/AN/A
2026-07-212026-061.321.530.2115.91%
2026-04-212026-031.261.320.064.76%
2026-01-202025-121.371.40.032.19%
2025-10-212025-091.381.460.085.80%
2025-07-222025-061.231.390.1613.01%
Upgrade / Downgrade
DateFirmActionFromTo
2026-07-22Keefe, Bruyette & WoodsUpgradeOutperformOutperform
2026-07-22Hovde GroupDowngradeOutperformMarket Perform
2026-06-26Piper SandlerUpgradeNeutralNeutral
2026-01-21Keefe, Bruyette & WoodsUpgradeOutperformOutperform
2026-01-07Raymond JamesUpgradeOutperformOutperform
2025-10-22Raymond JamesUpgradeOutperformOutperform
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
2026-06-29Blackrock Inc.1.53M92.11M8.88%
2026-06-29Wellington Management Group, LLP1.09M65.31M6.29%
2026-06-29Dimensional Fund Advisors LP1.05M62.84M6.06%
2026-06-29Vanguard Capital Management LLC735.61K44.16M4.26%
2026-06-29American Century Companies Inc625.02K37.52M3.62%
2026-06-29State Street Corporation598.64K35.94M3.46%
Fund Ownership
Report DateOrganizationPositionValuePercentage
2026-07-30American Century ETF Trust-Avantis U.S. Small Cap Value ETF532.22K31.95M3.08%
2026-06-29VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund520.14K31.22M3.01%
2026-07-30iShares Trust-iShares Russell 2000 ETF471.49K28.30M2.73%
2026-04-29DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio233.92K14.04M1.35%
2026-06-29VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund199.07K11.95M1.15%
2026-06-29Fidelity Salem Street Trust-Fidelity Small Cap Index Fund187.07K11.23M1.08%
Dividend
DividendDate
0.42026-09-04
0.392026-06-05
0.392026-03-06
0.382025-12-05
0.382025-09-05
0.372025-06-06
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