Mercantile Bank Corp's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 50/403 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 52.80.In the medium term, the stock price is expected to remain stable.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Mercantile Bank Corp's Score
Industry at a Glance
Industry Ranking
50 / 403
Overall Ranking
105 / 4563
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
5
analysts
Buy
Current Rating
52.800
Target Price
+12.41%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Mercantile Bank Corp Highlights
StrengthsRisks
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Petoskey, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 21.67% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 205.28M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 28.23%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 28.23%.
Fairly Valued
The company’s latest PB is 1.20, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 10.63M shares, decreasing 7.29% quarter-over-quarter.
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Petoskey, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Ticker SymbolMBWM
CompanyMercantile Bank Corp
CEOReitsma (Raymond E)
Websitehttps://ir.mercbank.com/
FAQs
What is the current price of Mercantile Bank Corp (MBWM)?
The current price of Mercantile Bank Corp (MBWM) is 48.720.
What is the symbol of Mercantile Bank Corp?
The ticker symbol of Mercantile Bank Corp is MBWM.
What is the 52-week high of Mercantile Bank Corp?
The 52-week high of Mercantile Bank Corp is 51.890.
What is the 52-week low of Mercantile Bank Corp?
The 52-week low of Mercantile Bank Corp is 37.760.
What is the market capitalization of Mercantile Bank Corp?
The market capitalization of Mercantile Bank Corp is 791.87M.
What is the net income of Mercantile Bank Corp?
The net income of Mercantile Bank Corp is 79.59M.
Is Mercantile Bank Corp (MBWM) currently rated as Buy, Hold, or Sell?
According to analysts, Mercantile Bank Corp (MBWM) has an overall rating of Buy, with a price target of 52.800.
What is the Earnings Per Share (EPS TTM) of Mercantile Bank Corp (MBWM)?
The Earnings Per Share (EPS TTM) of Mercantile Bank Corp (MBWM) is 5.277.