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NASDAQ: MBWM
Mercantile Bank Corp Stock

$35.46+0.30 (+0.85%)
Updated Feb 3, 2023
MBWM Price
$35.46
Fair Value Price
$39.36
Market Cap
$562.61M
52 Week Low
$29.26
52 Week High
$39.12
P/E
11.01x
P/B
1.35x
P/S
2.66x
PEG
1.39x
Dividend Yield
3.55%
Revenue
$176.93M
Earnings
$50.90M
Gross Margin
100%
Operating Margin
36.25%
Profit Margin
28.8%
Debt to Equity
11.05
Operating Cash Flow
$128M
Beta
0.95
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

MBWM Overview

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. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Zen Score

Industry Average (35)
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Due Diligence Checks

MBWM ($35.46) is undervalued by 9.91% relative to our estimate of its Fair Value price of $39.36 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MBWM ($35.46) is not significantly undervalued (9.91%) relative to our estimate of its Fair Value price of $39.36 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
MBWM ($35.46) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more MBWM due diligence checks available for Premium users.

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MBWM News

Valuation

MBWM fair value

Fair Value of MBWM stock based on Discounted Cash Flow (DCF)
Price
$35.46
Fair Value
$39.36
Undervalued by
9.91%
MBWM ($35.46) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MBWM ($35.46) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MBWM ($35.46) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

MBWM price to earnings (PE)

For valuing profitable companies with steady earnings
Company
11.01x
Industry
19.64x
Market
15.09x
MBWM is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
MBWM is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

MBWM price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.35x
Industry
1.2x
MBWM is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MBWM price to earnings growth (PEG)

For valuing profitable companies with growth potential
MBWM is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

MBWM's financial health

Profit margin

Revenue
$46.7M
Net Income
$16.0M
Profit Margin
34.3%
MBWM's Earnings (EBIT) of $64.14M... subscribe to Premium to read more.
Interest Coverage Financials
MBWM's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$5.0B
Liabilities
$4.6B
Debt to equity
11.05
MBWM's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
MBWM's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$32.8M
Investing
-$166.6M
Financing
-$61.3M
MBWM's operating cash flow ($128.20M)... subscribe to Premium to read more.
Debt Coverage Financials

MBWM vs Bank Stocks

TickerMarket Cap1d %P/EP/B
MBWM$562.61M+0.85%11.01x1.35x
HMST$557.00M+1.22%6.60x1.01x
CCBG$568.90M+2.41%16.28x1.52x
THFF$545.32M+0.84%9.00x1.24x
FCBC$540.52M+1.52%12.38x1.31x

Mercantile Bank Stock FAQ

What is Mercantile Bank's quote symbol?

NASDAQ: MBWM) Mercantile Bank trades on the NASDAQ under the ticker symbol MBWM. Mercantile Bank stock quotes can also be displayed as NASDAQ: MBWM.

If you're new to stock investing, here's how to buy Mercantile Bank stock.

What is the 52 week high and low for Mercantile Bank (NASDAQ: MBWM)?

(NASDAQ: MBWM) Mercantile Bank's 52-week high was $39.12, and its 52-week low was $29.26. It is currently -9.35% from its 52-week high and 21.19% from its 52-week low.

How much is Mercantile Bank stock worth today?

(NASDAQ: MBWM) Mercantile Bank currently has 15,866,185 outstanding shares. With Mercantile Bank stock trading at $35.46 per share, the total value of Mercantile Bank stock (market capitalization) is $562.61M.

Mercantile Bank stock was originally listed at a price of $15.81 in Jul 20, 1999. If you had invested in Mercantile Bank stock at $15.81, your return over the last 23 years would have been 124.29%, for an annualized return of 3.57% (not including any dividends or dividend reinvestments).

How much is Mercantile Bank's stock price per share?

(NASDAQ: MBWM) Mercantile Bank stock price per share is $35.46 today (as of Feb 3, 2023).

What is Mercantile Bank's Market Cap?

(NASDAQ: MBWM) Mercantile Bank's market cap is $562.61M, as of Feb 7, 2023.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Mercantile Bank's market cap is calculated by multiplying MBWM's current stock price of $35.46 by MBWM's total outstanding shares of 15,866,185.
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