How to Buy Mercantile Bank Stock

Mercantile Bank Corp

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.

Mercantile Bank stock last closed at $50.34, up 2.11% from the previous day, and has increased 32.51% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.03 percentage points. Mercantile Bank stock is currently +50.45% from its 52-week low of $33.46, and -4.98% from its 52-week high of $52.98.

There are currently 16.14M MBWM shares outstanding. The market capitalization of MBWM is $812.58M. In the last 24 hours, 49,943 MBWM shares were traded.

How to Buy Mercantile Bank Stock

Not sure how to invest in Mercantile Bank stock? Here's how.

  1. Decide where to buy Mercantile Bank stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Mercantile Bank stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Choose your method of payment and add your information.
  4. Evaluate Mercantile Bank stock: The Mercantile Bank ticker symbol is MBWM. Is Mercantile Bank stock a good investment? Should you buy shares of MBWM? How do MBWM's underlying business fundamentals look? Do top analysts think Mercantile Bank is a good buy? Why has MBWM's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MBWM is a good stock to buy).
  5. Place your MBWM trade: Decide if you will purchase MBWM shares at the current market price or use a limit order to buy MBWM stock at a particular price.
  6. Get updates on your MBWM investment: Create a watchlist to important notifications about your investment in Mercantile Bank stock.

Step 1: Decide where to buy Mercantile Bank stock

You will need a brokerage account in order to access the NASDAQ market and buy MBWM shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal information so you can invest in MBWM stock today.

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Step 3: Deposit money your investment account

Now that you've finished signing up on the best stock app for beginners, your next step is to transfer the money for your investment:

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Step 4: Evaluate Mercantile Bank stock

After you have selected the best place to buy Mercantile Bank stock, it's important to evaluate their stock prior to investing, so you truly comprehend the risk and opportunity.

Mercantile Bank quick stats

MBWM Price
$50.34
1w %
3.26%
1y %
32.51%
5y %
49.38%
P/E
10.13x
P/B
1.39x
P/S
3.66x
PEG
N/A
Revenue
$222.19M
Earnings
$80.00M
Fore. Rev. Growth
6.97%
Fore. Earn. Growth
-2.88%
Market Cap
$812.58M
Next Earnings
N/A
Next Dividend
N/A

Mercantile Bank Overview

WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.

You can see all of the due diligence checks on MBWM's stock page.

Is MBWM stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge MBWM's intrinsic value.

Using relative valuations ratios:

  • MBWM may be undervalued based on its P/E ratio of 10.13x, relative to Banks - Regional industry P/E ratio of 34.43x
  • MBWM may be overvalued based on its P/B ratio of 1.39x, relative to Banks - Regional industry P/B ratio of 1.18x

You can access more valuation analysis on MBWM's stock here.

A quick look at MBWM Financials

Positive Health Checks:

  • MBWM earnings of $100.27M is not sufficient to cover its interest payments.

Negative Health Checks:

  • MBWM's operating cash flow of $33.96M allows it to safely service it's debt of $777.41M.
  • Total MBWM debt is higher than 5 years ago, relative to shareholder equity.
  • MBWM profit margin has gone down from 38.5% to 36% in the past year.
  • MBWM has a relatively high debt to equity ratio of 9.14.

Do analysts think it's a good time to buy MBWM stock

Out of 1 Equities analysts who research MBWM, the consensus analyst rating on MBWM is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Mercantile Bank stock forecast page.

MBWM Technical Indicators

SMA10
49.03
SMA20
46.81
SMA50
47.35
SMA100
46.12
SMA200
43.66
MACD
0.98
MACD Signal
0.64
MACD Histogram
0.34
RSI
64.47
Stochastic %K
81.47
Stochastic %D
74.79
StochRSI %K
74.09
StochRSI %D
67.67

MBWM Revenue

Last year, MBWM earnings were $80.00M. During the last 5 year, MBWM's earnings have gone up by 11.38% per year. This was slower than the Banks - Regional industry average of 32.1%.

Last year, MBWM revenue was $222.19M. Over the past five year, MBWM's revenue has gone up by 8.65% per year. This was slower than the Banks - Regional industry average of 16.1%.

Find out more about MBWM's earnings and revenue performance here.

Are MBWM executives and large shareholders buying or selling the stock?

Over the past 12 months, executives and large shareholders at MBWM have sold more shares than they have bought.

Nelson F. Sanchez, Director of MBWM, was the latest MBWM insider to buy. They bought $8,977.50 worth of MBWM stock on Feb 4, 2025.

Dig into more about who owns MBWM shares here.

Can I get consistent income from MBWM stock?

Mercantile Bank pays a dividend of 2.82%, compared to the Banks - Regional industry's average dividend yield of 2.61%. If you owned $1,000 worth of MBWM stock, you would have been paid $28.21 in the past 12 months.

Mercantile Bank dividend payments have consistently grown over the past decade but have not remained stable.

Get more analysis about Mercantile Bank dividend yield and history here.

What others are saying about MBWM

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Step 5: Place your MBWM trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a particular price, use a limit order.

Click the Open button and your broker will place your order.

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Step 6: Get updates on your MBWM investment

Now that you own some MBWM stock, you'll want to stay up-to-date on your shares.

Create a watchlist to keep tabs on your MBWM stock.

MBWM Feed

How to Buy Stock in Mercantile Bank

To reiterate, here are the 6 steps you need to take to buy Mercantile Bank stock right now:

  1. Decide where to buy Mercantile Bank stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Evaluate Mercantile Bank stock
  5. Place your MBWM trade
  6. Get updates on your MBWM investment

If you need a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your new investment in Mercantile Bank, hit the button below to create your watchlist.

NASDAQ: MBWM
$50.34+1.04 (+2.11%)
Updated Feb 6, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: MBWM
$50.34+1.04 (+2.11%)
Updated Feb 6, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Mercantile Bank share?

As of Feb 6, 2025, it costs $50.34 to buy one share of Mercantile Bank stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.199 shares of MBWM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Mercantile Bank stock?

According to 1 Wall Street analysts who monitor Mercantile Bank, their consensus recommendation is to buy Mercantile Bank stock.

What is the best way to buy Mercantile Bank stock?

One way to place an order for Mercantile Bank stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.