Mercantile Bank Corp

MBWM

54.710USD

-0.220-0.40%

Close 02/06, 16:00（ET）Quotes delayed by 15 min

Mercantile Bank Corp's Score

Industry at a Glance

Industry Ranking

53 / 397

Overall Ranking

98 / 4521

Industry

Banking Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score

Previous score

Media Coverage

Last 24 hours

Coverage Level

Very Low

Very High

Neutral

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 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%.

Overvalued

The company’s latest PB is 1.30, at a high 3-year percentile range.

Institutional Selling

The latest institutional holdings are 10.82M shares, decreasing 3.98% quarter-over-quarter.

Held by CI Select Canadian Equity Fund

Star Investor CI Select Canadian Equity Fund holds 171.00 shares of this stock.

Lower Market Activity

The company has less investor interest, with a 20-day turnover ratio of -0.11.

Analyst Rating

Based on 4 analysts

Buy

Current Rating

57.000

Target Price

+4.01%

Upside Space

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

The current financial score of Mercantile Bank Corp is 8.56, ranking 92 out of 397 in the Banking Services industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 54.94M, representing a year-over-year increase of 4.88%, while its net profit experienced a year-over-year increase of 16.38%.

Score

Industry at a Glance

Previous score

8.56

Change

0



Financials

6.42

Key Metrics

Cash and cash equivalents

Total assets

Total liabilities

Free cash flow

Relevant data have not been disclosed by the company yet.

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Quality of Earnings

9.72

Key Metrics

Total revenue

Operating profit

Total assets

SG&A

Relevant data have not been disclosed by the company yet.

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Operational Efficiency

10.00

Key Metrics

Cash flow from operating activities

Income after tax

Relevant data have not been disclosed by the company yet.

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Growth Potential

7.94

Key Metrics

Cash flow from operating activities

Total revenue

Relevant data have not been disclosed by the company yet.



Shareholder Returns

8.70

Key Metrics

Free cash flow

Relevant data have not been disclosed by the company yet.

The current valuation score of Mercantile Bank Corp is 8.07, ranking 147 out of 397 in the Banking Services industry. Its current P/E ratio is 10.01, which is 4.86% below the recent high of 10.50 and 46.04% above the recent low of 5.40.

Score

Industry at a Glance

Previous score

8.07

Change

0

Valuation Dimensions

P/E

P/B

P/S

P/CF

Industry Ranking 53/397

Relevant data have not been disclosed by the company yet.

The current earnings forecast score of Mercantile Bank Corp is 7.20, ranking 170 out of 397 in the Banking Services industry. The average price target is 52.00, with a high of 56.00 and a low of 51.00.

Score

Industry at a Glance

Previous score

7.20

Change

0

Support & Resistance

Relevant data have not been disclosed by the company yet.

Financial Forecasting

EPS

Revenue

Net Profit

EBIT

Relevant data have not been disclosed by the company yet.

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

The current price momentum score of Mercantile Bank Corp is 9.20, ranking 194 out of 397 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 57.85 and the support level at 49.48, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Previous score

9.33

Change

-0.13

Support & Resistance

Relevant data have not been disclosed by the company yet.

Institutional Confidence

Currency: USD Updated: 2026-02-06

The current institutional shareholding score of Mercantile Bank Corp is 5.00, ranking 154 out of 397 in the Banking Services industry. The latest institutional shareholding proportion is 63.01%, representing a quarter-over-quarter decrease of 3.64%. The largest institutional shareholder is The Vanguard, holding a total of 1.06M shares, representing 6.19% of shares outstanding, with 0.81% decrease in holdings.

Score

Industry at a Glance

Previous score

5.00

Change

0

Institutional Shareholding

Relevant data have not been disclosed by the company yet.

Shareholder Activity

Name

Shares Held

Chg %

BlackRock Institutional Trust Company, N.A.

1.19M

-2.30%

The Vanguard Group, Inc.

Star Investors

1.04M

-0.04%

Dimensional Fund Advisors, L.P.

1.05M

-1.36%

American Century Investment Management, Inc.

494.37K

+9.17%

Renaissance Technologies LLC

Star Investors

490.41K

+1.05%

State Street Investment Management (US)

470.72K

+9.58%

Geode Capital Management, L.L.C.

412.20K

+1.56%

North Star Asset Management Inc.

355.34K

-0.34%

LSV Asset Management

300.29K

-5.63%

Tributary Capital Management, LLC

248.70K

-3.68%

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The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Mercantile Bank Corp is 8.14, ranking 119 out of 397 in the Banking Services industry. The company's beta value is 0.89. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.

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