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MBWM Stock Chart & Stats
$58.50
$0.12(0.21%)
At close: 4:00 PM EDT
$58.50
$0.12(0.21%)
Day’s Range― - ―
52-Week Range$42.75 - $60.40
Previous Close$58.62
Volume153.68K
Average Volume (3M)62.10K
Market Cap
$1.01B
Enterprise Value$1.61K
Total Cash (Recent Filing)$48.43M
Total Debt (Recent Filing)$703.26M
Price to Earnings (P/E)10.3
Beta0.95
Next Earnings
Oct 20, 2026EPS Estimate
1.36Next Dividend Ex-DateN/A
Dividend Yield2.63%
Share Statistics
EPS (TTM)5.57
Shares Outstanding17,274,376
10 Day Avg. Volume75,592
30 Day Avg. Volume62,105
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)1.08
Price to Sales (P/S)2.10
P/FCF Ratio69.79
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$62.75Price Target Upside7.26% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)5.52
Revenue Forecast (FY)$279.00M
Bulls Say, Bears Say
Bulls Say
Deposit Growth And Funding MixSustained, deposit-led funding lowers reliance on wholesale or brokered funds and supports margin durability. A higher share of noninterest-bearing and low-cost deposits gives flexibility to grow loans with stable funding, reducing recurring funding cost risk over coming quarters.
Improving Leverage And CapitalLower leverage and strong regulatory capital provide long-term financial flexibility for organic growth, acquisitions, and loss absorption. Well-capitalized ratios reduce regulatory constraints, support dividend/buyback optionality, and lower funding risk across economic cycles.
Commercial Loan Momentum And Fee DiversificationConsistent commercial originations and growing treasury/fee income diversify revenue beyond interest margins. A healthy loan pipeline plus rising fee streams strengthens sustainable net revenue and lessens sensitivity to short-term NIM swings over the medium term.
Bears Say
Volatile Cash Flow QualityFree cash flow covering only ~62% of net income and prior-year volatility signals weaker earnings convertibility to cash. That limits cushion for discretionary uses (buybacks, special dividends) and makes capital planning and provisioning decisions more sensitive to cash-flow swings.
Elevated Operating Expense From ConversionManagement is incurring higher recurring staffing and conversion costs ahead of a core/digital systems transition. If conversion savings arrive later or are smaller than planned, persistent higher operating expense could compress bank margins and delay return on strategic investments.
Loan Yield Pressure And Acquisition Financing CostsFalling loan yields and sizable paydowns reduce earning asset yields, while acquisition-related term debt raises funding costs. Together these trends can compress net interest margin and make earnings more sensitive to loan repricing and funding mix over the next several quarters.
Mercantile Bank News
MBWM FAQ
What was Mercantile Bank Corp.’s price range in the past 12 months?
Mercantile Bank Corp. lowest stock price was $42.75 and its highest was $60.40 in the past 12 months.
What is Mercantile Bank Corp.’s market cap?
Mercantile Bank Corp.’s market cap is $1.01B.
When is Mercantile Bank Corp.’s upcoming earnings report date?
Mercantile Bank Corp.’s upcoming earnings report date is Oct 20, 2026 which is in 84 days.
How were Mercantile Bank Corp.’s earnings last quarter?
Mercantile Bank Corp. released its earnings results on Jul 21, 2026. The company reported $1.5 earnings per share for the quarter, beating the consensus estimate of $1.323 by $0.177.
Is Mercantile Bank Corp. overvalued?
According to Wall Street analysts Mercantile Bank Corp.’s price is currently Undervalued.
Does Mercantile Bank Corp. pay dividends?
Mercantile Bank Corp. pays a Quarterly dividend of $0.4 which represents an annual dividend yield of 2.63%. See more information on Mercantile Bank Corp. dividends here
What is Mercantile Bank Corp.’s EPS estimate?
Mercantile Bank Corp.’s EPS estimate is 1.36.
How many shares outstanding does Mercantile Bank Corp. have?
Mercantile Bank Corp. has 17,274,376 shares outstanding.
What happened to Mercantile Bank Corp.’s price movement after its last earnings report?
Mercantile Bank Corp. reported an EPS of $1.5 in its last earnings report, beating expectations of $1.323. Following the earnings report the stock price went up 3.503%.
Which hedge fund is a major shareholder of Mercantile Bank Corp.?
Currently, no hedge funds are holding shares in MBWM
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
Mercantile Bank Stock Smart Score
Neutral
1
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5
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10
Analyst Consensus
Hold
Average Price Target:
$62.75 (7.26% Upside)
$62.75 (7.26% Upside)
Blogger Sentiment
Neutral
MBWM Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 11.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.45%
12-Months-Change
Fundamentals
Return on Equity
2.63%
Trailing 12-Months
Asset Growth
10.33%
Trailing 12-Months
Company Description
Mercantile Bank Corp.
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.
MBWM Company Deck
MBWM Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
Overall the call conveyed a positive operating and financial profile: strong profitability, stable/improving net interest margin, robust deposit growth with an improving mix, excellent asset quality and capital levels, and successful integration of the Eastern Michigan acquisition. Offsetting items include higher operating expenses driven by strategic investments (Southeast Michigan expansion and core/digital conversion), some loan yield pressure and elevated near-term noninterest expenses. Management provided constructive guidance (loan growth targets and expected NIM improvement in H2) but noted forecasting uncertainty due to market volatility and conversion timing.View all MBWM earnings summariesMBWM Stock 12 Month Forecast
Average Price Target
$62.75
▲(7.26% Upside)
Technical Analysis
Capital City Bank
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Ownership Overview
2.58% Insiders
16.26% Mutual Funds
2.55% Other Institutional Investors
59.75% Public Companies and
Individual Investors