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 $36.89, down 0.16% from the previous day, and has increased 29.85% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.14 percentage points. Mercantile Bank stock is currently +54.42% from its 52-week low of $23.89, and -13.85% from its 52-week high of $42.82.
There are currently 16.12M MBWM shares outstanding. The market capitalization of MBWM is $594.54M. In the last 24 hours, 50,306 MBWM shares were traded.
How to Buy Mercantile Bank Stock
Not sure how to invest in Mercantile Bank stock? Here's how.
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.
Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
Deposit money your investment account: Choose your method of payment and add your information.
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).
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.
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 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
$36.89
1w %
9.73%
1y %
29.85%
5y %
10.32%
P/E
7.19x
P/B
1.14x
P/S
2.73x
PEG
0.65x
Revenue
$217.99M
Earnings
$82.22M
Fore. Rev. Growth
3.97%
Fore. Earn. Growth
N/A
Market Cap
$594.54M
Next Earnings
N/A
Next Dividend
Jun 19, 2024
Mercantile Bank Overview
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
Last year, MBWM earnings were $82.22M. During the past five year, MBWM's earnings have gone up by 15.19% per year. This was slower than the Banks - Regional industry average of 16.35%.
Last year, MBWM revenue was $217.99M. In the last five year, MBWM's revenue has gone up by 9.58% per year. This was faster than the Banks - Regional industry average of 7.4%.
Mercantile Bank pays a dividend of 3.69%, compared to the Banks - Regional industry's average dividend yield of 3.81%. If you owned $1,000 worth of MBWM stock, you would have been paid $36.87 last year.
Mercantile Bank dividend payments have not consistently grown over the past decade and have not remained stable.
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Step 5: Place your MBWM trade
There are two primary order types:
Market order: A market order is an order to buy or sell a stock at the best price on the market. Market orders are usually fine.
Limit order: A limit order is an order to buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at an exact price, use a limit order.
Press the Open Trade button and eToro will execute your order.
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How much does it cost to buy one Mercantile Bank share?
As of Apr 24, 2024, it costs $36.89 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 0.271 shares of MBWM.
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.