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Mercantile Bank Corporation, Common Stock

MBWM

NSQ

$48.63

-$0.66

(-1.34%)

1D
Industry: Banks Sector: Financials

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$784.98M
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
9.998
Volume info-icon
This is the total number of shares traded during the most recent trading day.
60.97K
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
0
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
3.26%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
0.97
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$32.64 L
$52.6 H
$48.63

About Mercantile Bank Corporation, Common Stock

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company 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; and 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, it offers courier services and safe deposit facilities; 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. more

Industry: BanksSector: Financials

Returns

Time FrameMBWMSectorS&P500
1-Week Return-2.11%-0.23%1.53%
1-Month Return11.9%7.15%4.75%
3-Month Return-1.66%4.15%2.77%
6-Month Return16.42%20.09%12.18%
1-Year Return30.76%32.23%22.34%
3-Year Return29.06%30.36%38.91%
5-Year Return47.27%65.86%80.7%
10-Year Return152.89%219.9%190.95%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue151.49M167.42M179.22M190.32M217.99M[{"date":"2019-12-31","value":69.49,"profit":true},{"date":"2020-12-31","value":76.8,"profit":true},{"date":"2021-12-31","value":82.22,"profit":true},{"date":"2022-12-31","value":87.31,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Cost of Revenue-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Gross Profit151.49M167.42M179.22M190.32M217.99M[{"date":"2019-12-31","value":69.49,"profit":true},{"date":"2020-12-31","value":76.8,"profit":true},{"date":"2021-12-31","value":82.22,"profit":true},{"date":"2022-12-31","value":87.31,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Margin100.00%100.00%100.00%100.00%100.00%[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Operating Expenses(91.03M)(112.57M)(105.51M)(90.94M)225.69M[{"date":"2019-12-31","value":-40.33,"profit":false},{"date":"2020-12-31","value":-49.88,"profit":false},{"date":"2021-12-31","value":-46.75,"profit":false},{"date":"2022-12-31","value":-40.29,"profit":false},{"date":"2023-12-31","value":100,"profit":true}]
Operating Income60.46M54.85M73.72M99.39M102.70M[{"date":"2019-12-31","value":58.87,"profit":true},{"date":"2020-12-31","value":53.41,"profit":true},{"date":"2021-12-31","value":71.78,"profit":true},{"date":"2022-12-31","value":96.77,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Total Non-Operating Income/Expense184.99M106.56M103.66M141.67M298.25M[{"date":"2019-12-31","value":62.03,"profit":true},{"date":"2020-12-31","value":35.73,"profit":true},{"date":"2021-12-31","value":34.76,"profit":true},{"date":"2022-12-31","value":47.5,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Pre-Tax Income60.46M54.85M73.72M75.79M102.70M[{"date":"2019-12-31","value":58.87,"profit":true},{"date":"2020-12-31","value":53.41,"profit":true},{"date":"2021-12-31","value":71.78,"profit":true},{"date":"2022-12-31","value":73.8,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income Taxes11.00M10.71M14.70M14.73M20.48M[{"date":"2019-12-31","value":53.73,"profit":true},{"date":"2020-12-31","value":52.29,"profit":true},{"date":"2021-12-31","value":71.75,"profit":true},{"date":"2022-12-31","value":71.9,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income After Taxes49.46M44.14M59.02M61.06M82.22M[{"date":"2019-12-31","value":60.15,"profit":true},{"date":"2020-12-31","value":53.68,"profit":true},{"date":"2021-12-31","value":71.79,"profit":true},{"date":"2022-12-31","value":74.27,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income From Continuous Operations49.46M44.14M59.02M61.06M83.99M[{"date":"2019-12-31","value":58.88,"profit":true},{"date":"2020-12-31","value":52.55,"profit":true},{"date":"2021-12-31","value":70.27,"profit":true},{"date":"2022-12-31","value":72.7,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Net Income49.46M44.14M59.02M61.06M82.22M[{"date":"2019-12-31","value":60.15,"profit":true},{"date":"2020-12-31","value":53.68,"profit":true},{"date":"2021-12-31","value":71.79,"profit":true},{"date":"2022-12-31","value":74.27,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
EPS (Diluted)2.902.603.803.855.13[{"date":"2019-12-31","value":56.53,"profit":true},{"date":"2020-12-31","value":50.68,"profit":true},{"date":"2021-12-31","value":74.07,"profit":true},{"date":"2022-12-31","value":75.05,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

MBWM
Cash Ratio 0.56
Current Ratio 0.56

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

MBWM
ROA (LTM) 1.40%
ROE (LTM) 14.38%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

MBWM
Debt Ratio Lower is generally better. Negative is bad. 0.90
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.10

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

MBWM
Trailing PE 10.01
Forward PE 11.42
P/S (TTM) 3.55
P/B 1.36
Price/FCF NM
EV/R 5.71
EV/Ebitda NM
PEG 2.51

FAQs

What is Mercantile Bank Corporation share price today?

Mercantile Bank Corporation (MBWM) share price today is $48.63

Can Indians buy Mercantile Bank Corporation shares?

Yes, Indians can buy shares of Mercantile Bank Corporation (MBWM) on Vested. To buy Mercantile Bank Corporation from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in MBWM stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Mercantile Bank Corporation be purchased?

Yes, you can purchase fractional shares of Mercantile Bank Corporation (MBWM) via the Vested app. You can start investing in Mercantile Bank Corporation (MBWM) with a minimum investment of $1.

How to invest in Mercantile Bank Corporation shares from India?

You can invest in shares of Mercantile Bank Corporation (MBWM) via Vested in three simple steps:

  • Click on Sign Up or Invest in MBWM stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Mercantile Bank Corporation shares
What is Mercantile Bank Corporation 52-week high and low stock price?

The 52-week high price of Mercantile Bank Corporation (MBWM) is $52.6. The 52-week low price of Mercantile Bank Corporation (MBWM) is $32.64.

What is Mercantile Bank Corporation price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Mercantile Bank Corporation (MBWM) is 9.998

What is Mercantile Bank Corporation price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Mercantile Bank Corporation (MBWM) is 1.36

What is Mercantile Bank Corporation dividend yield?

The dividend yield of Mercantile Bank Corporation (MBWM) is 3.26%

What is the Market Cap of Mercantile Bank Corporation?

The market capitalization of Mercantile Bank Corporation (MBWM) is $784.98M

What is Mercantile Bank Corporation’s stock symbol?

The stock symbol (or ticker) of Mercantile Bank Corporation is MBWM

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