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NASDAQ: MBWM
Mercantile Bank Corp Stock

$42.50+0.06 (+0.14%)
Updated Jul 12, 2024
MBWM Price
$42.50
Fair Value Price
N/A
Market Cap
$685.13M
52 Week Low
$28.67
52 Week High
$43.37
P/E
8.25x
P/B
1.28x
P/S
2.82x
PEG
N/A
Dividend Yield
3.25%
Revenue
$220.18M
Earnings
$82.80M
Gross Margin
100%
Operating Margin
47.03%
Profit Margin
37.6%
Debt to Equity
9.19
Operating Cash Flow
$89M
Beta
0.99
Next Earnings
Jul 16, 2024
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 (31)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how MBWM scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

MBWM is forecast by analysts to be unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
MBWM is good value based on its earnings relative to its share price (8.25x), compared to the US market average (32.2x)
P/E vs Market Valuation
MBWM is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more MBWM due diligence checks available for Premium users.

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MBWM News

Valuation

MBWM price to earnings (PE)

For valuing profitable companies with steady earnings
Company
8.25x
Industry
13.49x
Market
32.2x
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
1.28x
Industry
1.09x
MBWM is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

MBWM's financial health

Profit margin

Revenue
$56.9M
Net Income
$21.6M
Profit Margin
37.9%
MBWM's Earnings (EBIT) of $103.55M... 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
$5.5B
Liabilities
$4.9B
Debt to equity
9.19
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
$40.2M
Investing
-$13.2M
Financing
$79.6M
MBWM's operating cash flow ($88.79M)... subscribe to Premium to read more.
Debt Coverage Financials

MBWM vs Bank Stocks

TickerMarket Cap1d %P/EP/B
MBWM$685.13M+0.14%8.25x1.28x
HBT$680.48M+1.08%9.53x1.37x
NBBK$690.12M+1.13%N/A0.94x
OSBC$696.00M+0.71%7.76x1.17x
HFWA$665.70M+0.52%14.21x0.79x

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 $43.37, and its 52-week low was $28.67. It is currently -2.01% from its 52-week high and 48.24% from its 52-week low.

How much is Mercantile Bank stock worth today?

(NASDAQ: MBWM) Mercantile Bank currently has 16,120,758 outstanding shares. With Mercantile Bank stock trading at $42.50 per share, the total value of Mercantile Bank stock (market capitalization) is $685.13M.

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 24 years would have been 168.82%, for an annualized return of 4.21% (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 $42.50 today (as of Jul 12, 2024).

What is Mercantile Bank's Market Cap?

(NASDAQ: MBWM) Mercantile Bank's market cap is $685.13M, as of Jul 13, 2024.

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 $42.50 by MBWM's total outstanding shares of 16,120,758.
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