NASDAQ: MBWMMercantile Bank Corp Stock
$34.39-0.66 (-1.88%)
Updated Nov 30, 2023
MBWM Price
$34.39
Fair Value Price
$38.02
Market Cap
$551.08M
52 Week Low
$23.89
52 Week High
$37.07
P/E
6.55x
P/B
1.14x
P/S
2.27x
PEG
N/A
Dividend Yield
3.9%
Revenue
$218.25M
Earnings
$83.99M
Gross Margin
100%
Operating Margin
47.82%
Profit Margin
38.5%
Debt to Equity
9.87
Operating Cash Flow
$111M
Beta
0.98
Next Earnings
Jan 15, 2024
Ex-Dividend
Nov 30, 2023
Next Dividend
Dec 13, 2023
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 (37)
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Due Diligence Checks
MBWM ($34.39) is undervalued by 9.54% relative to our estimate of its Fair Value price of $38.02 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MBWM ($34.39) is not significantly undervalued (9.54%) relative to our estimate of its Fair Value price of $38.02 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
MBWM is forecast by analysts... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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Valuation
MBWM fair value
Fair Value of MBWM stock based on Discounted Cash Flow (DCF)
Price
$34.39
Fair Value
$38.02
Undervalued by
9.54%
MBWM ($34.39) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MBWM ($34.39) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MBWM is forecast by analysts... 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
6.55x
Industry
-6.85x
Market
29.24x
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
1.14x
Industry
0.95x
MBWM is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
MBWM's financial health
Profit margin
Revenue
$54.9M
Net Income
$20.9M
Profit Margin
38%
MBWM's Earnings (EBIT) of $104.36M... subscribe to Premium to read more.
Interest Coverage Financials
MBWM's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$5.3B
Liabilities
$4.8B
Debt to equity
9.87
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
$36.4M
Investing
-$51.7M
Financing
$73.5M
MBWM's operating cash flow ($110.98M)... subscribe to Premium to read more.
Debt Coverage Financials
MBWM vs Bank Stocks
Mercantile Bank Stock FAQ
Company
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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.