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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 $39.89, down 0.18% from the previous day, and has increased 52.02% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.28 percentage points. Mercantile Bank stock is currently +58.8% from its 52-week low of $25.12, and -6.84% from its 52-week high of $42.82.

There are currently 16.12M MBWM shares outstanding. The market capitalization of MBWM is $643.06M. In the last 24 hours, 36,495 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:

Check out the tutorial below for more details transferring funds into your brokerage account.

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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
$39.89
1w %
0.71%
1y %
52.02%
5y %
21.43%
P/E
7.75x
P/B
1.2x
P/S
2.92x
PEG
0.73x
Revenue
$220.18M
Earnings
$82.80M
Fore. Rev. Growth
2.94%
Fore. Earn. Growth
N/A
Market Cap
$643.06M
Next Earnings
May 23, 2024
Next Dividend
Jun 19, 2024

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 7.75x, relative to Banks - Regional industry P/E ratio of -7.74x
  • MBWM may be overvalued based on its P/B ratio of 1.2x, relative to Banks - Regional industry P/B ratio of 1.06x
  • MBWM could be undervalued based on its PEG ratio of 0.73x

You can do additional valuation analysis on MBWM's stock here.

MBWM Financial Overview

Positive Health Checks:

  • MBWM profit margin has gone up from 35.6% to 37.6% in the past year.
  • MBWM earnings of $103.55M is not sufficient to cover its interest payments.

Negative Health Checks:

  • MBWM's operating cash flow of $88.79M allows it to safely service it's debt of $814.57M.
  • MBWM has a relatively high debt to equity ratio of 9.19.
  • Total MBWM debt is higher than 5 years ago, relative to shareholder equity.

Is Mercantile Bank stock a Buy, Hold, or Sell, according to Wall Street analysts?

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

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Mercantile Bank stock forecast page.

Metrics for Advanced MBWM Traders

SMA10
39.55
SMA20
38.24
SMA50
37.11
SMA100
37.96
SMA200
35.99
MACD
0.89
MACD Signal
0.72
MACD Histogram
0.16
RSI
66.64
Stochastic %K
93.7
Stochastic %D
90.37
StochRSI %K
93.53
StochRSI %D
85.56

MBWM Performance Metrics

Last year, MBWM earnings were $82.80M. During the past five year, MBWM's earnings have gone up by 14.65% per year. This was faster than the Banks - Regional industry average of 13.82%.

Last year, MBWM revenue was $220.18M. In the last five year, MBWM's revenue has gone up by 9.5% per year. This was slower than the Banks - Regional industry average of 10.83%.

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

Latest Insiders Trades at MBWM

In the past year, insiders 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 $3,651.00 worth of MBWM shares on Mar 11, 2024.

Get more info about who owns MBWM shares here.

Does MBWM provide a stable income stream?

Mercantile Bank pays a dividend of 3.41%, compared to the Banks - Regional industry's average dividend yield of 3.6%. If you owned $1,000 worth of MBWM stock, you would have been paid $34.09 last year.

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

Dig into more data about Mercantile Bank dividend yield and history here.

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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.

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Step 6: Get updates on your MBWM investment

Now that you own some MBWM shares, you'll want to keep up with your investment.

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 online brokerage, eToro is our favorite venue.

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 keep tabs on your new investment in Mercantile Bank, create a watchlist on WallStreetZen today.

NASDAQ: MBWM
$39.89-0.07 (-0.18%)
Updated May 17, 2024
Open eToro Account
NASDAQ: MBWM
$39.89-0.07 (-0.18%)
Updated May 17, 2024
Open eToro Account

FAQ

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

As of May 17, 2024, it costs $39.89 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 0.251 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.