MBWM

Mercantile Bank Corp

Sep 15 • 04:00PM ET

47.45

0.00 0.00 %

Financial • Banks - Regional • USA • NASD

Peers: FMBH CAC HTBK MPB FULT CCNE CUBI HBNC TMP MSBI

| Held by: VTI IWM AVUV VXF IWN SMDV DFAT VIG VTWO SCHA

Index	RUT	P/E	9.43	EPS (ttm)	5.03	Insider Own	4.48%	Shs Outstand	16.25M	Perf Week	-2.29%
Market Cap	771.00M	Forward P/E	8.78	EPS next Y	5.41	Insider Trans	0.17%	Shs Float	15.52M	Perf Month	0.68%
Enterprise Value	-	PEG	2.34	EPS next Q	1.37	Inst Own	63.53%	Short Float	0.81%	Perf Quarter	9.03%
Income	81.40M	P/S	2.09	EPS this Y	4.55%	Inst Trans	0.13%	Short Ratio	1.70	Perf Half Y	6.13%
Sales	368.20M	P/B	1.22	EPS next Y	4.89%	ROA	1.38%	Short Interest	0.12M	Perf YTD	6.65%
Book/sh	38.87	P/C	-	EPS next 5Y	4.03%	ROE	13.77%	52W High	52.98 -10.44%	Perf Year	11.07%
Cash/sh	-	P/FCF	24.96	EPS past 3/5Y	10.15% 10.36%	ROIC	7.82%	52W Low	37.76 25.66%	Perf 3Y	46.09%
Dividend Est.	1.50 (3.16%)	EV/EBITDA	-	Sales past 3/5Y	22.13% 14.33%	Gross Margin	-	Volatility	1.63% 2.33%	Perf 5Y	126.71%
Dividend TTM	1.48 (3.12%)	EV/Sales	-	EPS Y/Y TTM	-0.45%	Oper. Margin	26.56%	ATR (14)	1.11	Perf 10Y	150.69%
Dividend Ex-Date	Sep 05, 2025	Quick Ratio	-	Sales Y/Y TTM	8.72%	Profit Margin	22.11%	RSI (14)	46.30	Recom	2.00
Dividend Gr. 3/5Y	6.37% 6.02%	Current Ratio	0.08	EPS Q/Q	19.52%	SMA20	-2.02%	Beta	0.89	Target Price	55.60
Payout	28.78%	Debt/Eq	1.18	Sales Q/Q	5.49%	SMA50	-0.51%	Rel Volume	0.00	Prev Close	47.45
Employees	648	LT Debt/Eq	0.65	Earnings	Jul 22 BMO	SMA200	3.09%	Avg Volume	73.52K	Price	47.45
IPO	Oct 24, 1997	Option/Short	Yes / Yes	EPS/Sales Surpr.	11.74% 1.46%	Trades		Volume	0	Change	0.00%

Date	Action	Analyst	Rating Change	Price Target Change
Jul-24-25	Upgrade	Raymond James	Mkt Perform → Outperform	$55
Jan-22-25	Upgrade	Hovde Group	Market Perform → Outperform	$54
May-08-24	Downgrade	Janney	Buy → Neutral
Mar-04-24	Downgrade	Hovde Group	Outperform → Market Perform
Jan-16-24	Upgrade	Janney	Neutral → Buy
Mar-07-23	Upgrade	Piper Sandler	Neutral → Overweight	$38 → $40
Jan-18-23	Downgrade	Raymond James	Outperform → Mkt Perform
Oct-06-22	Downgrade	Raymond James	Strong Buy → Outperform	$44 → $35
Jul-28-22	Upgrade	Hovde Group	Market Perform → Outperform	$41
Mar-02-22	Upgrade	Raymond James	Outperform → Strong Buy	$44
Jan-19-22	Upgrade	Raymond James	Mkt Perform → Outperform	$44
Mar-01-18	Upgrade	Keefe Bruyette	Mkt Perform → Outperform
Jul-06-17	Initiated	DA Davidson	Neutral	$35
Jan-18-17	Downgrade	Raymond James	Outperform → Mkt Perform
Nov-29-16	Downgrade	Keefe Bruyette	Outperform → Mkt Perform
Nov-21-16	Initiated	Hovde Group	Market Perform	$32
Aug-25-15	Upgrade	Raymond James	Mkt Perform → Outperform
Jul-22-15	Downgrade	Sandler O'Neill	Buy → Hold
Sep-26-13	Initiated	DA Davidson	Neutral	$23
Apr-16-09	Reiterated	RBC Capital Mkts	Sector Perform	$6 → $5

Show Previous Ratings

Sep-15-25 09:00AM	Mercantile Bank Selects Jack Henry for Focus on Innovation and Growth (PR Newswire)
Sep-12-25 11:45AM	Mercantile Bank (MBWM) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
Aug-27-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's What You Should Know (Zacks)
11:45AM	Mercantile Bank (MBWM) Could Be a Great Choice (Zacks)
Aug-11-25 11:45AM	Mercantile Bank (MBWM) Could Be a Great Choice (Zacks)
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Jul-25-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's Why (Zacks)
07:12AM	New Strong Buy Stocks for July 25th (Zacks)
06:38AM	Best Value Stocks to Buy for July 25th (Zacks)
Jul-24-25 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
08:26AM	Michigan, Georgia banks propose to buy in-state peers (Banking Dive)
Jul-23-25 03:10AM	Mercantile Bank Corp (MBWM) Q2 2025 Earnings Call Highlights: Strong Net Income Growth and ... (GuruFocus.com)
Jul-22-25 09:30AM	Here's What Key Metrics Tell Us About Mercantile Bank (MBWM) Q2 Earnings (Zacks)
07:05AM	Mercantile Bank (MBWM) Q2 Earnings and Revenues Surpass Estimates (Zacks)
05:20AM	Mercantile Bank: Q2 Earnings Snapshot (Associated Press Finance)
05:10AM	Mercantile Bank Corporation Announces Robust Second Quarter 2025 Results and Partnership with Eastern Michigan Financial Corporation (PR Newswire)
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05:05AM	Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jul-21-25 09:23AM	Mercantile Bank Corp (MBWM) Q2 2025: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Jun-30-25 10:30AM	Mercantile Bank Corporation Announces Second Quarter 2025 Results Conference Call and Webcast (PR Newswire)
May-01-25 10:50AM	MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES (PR Newswire)
Apr-23-25 02:43AM	Q1 2025 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Apr-22-25 02:42PM	Mercantile Bank Corporation (MBWM) Q1 2025 Earnings Call Transcript (Seeking Alpha)
09:30AM	Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Tops Q1 Earnings Estimates (Zacks)
05:10AM	Mercantile Bank: Q1 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong First Quarter 2025 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Mar-31-25 09:00AM	Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast (PR Newswire)
Jan-22-25 02:02AM	Mercantile Bank Corp (MBWM) Q4 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ... (GuruFocus.com)
12:21AM	Q4 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
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Jan-21-25 09:30AM	Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics (Zacks) +5.77%
07:05AM	Mercantile Bank (MBWM) Q4 Earnings and Revenues Beat Estimates (Zacks)
05:45AM	Mercantile Bank: Q4 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jan-20-25 07:03AM	Earnings To Watch: Mercantile Bank Corp (MBWM) Reports Q4 2024 Result (GuruFocus.com)
Jan-14-25 10:00AM	Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release (Zacks)
Jan-09-25 12:00PM	Mercantile Bank (MBWM) Upgraded to Buy: Here's What You Should Know (Zacks)
Jan-02-25 10:00AM	Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast (PR Newswire)
Oct-16-24 05:19AM	Q3 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
03:01AM	Mercantile Bank Corp (MBWM) Q3 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ... (GuruFocus.com)
Oct-15-24 09:30AM	Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates (Zacks)
05:12AM	Mercantile Bank: Q3 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Strong Third Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Oct-14-24 09:02AM	Mercantile Bank Corp (MBWM) Q3 2024 Earnings Report Preview: What To Look For (GuruFocus.com)
Oct-10-24 09:15AM	What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings (Zacks)
Sep-30-24 10:00AM	Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast (PR Newswire)
Jul-17-24 01:14AM	Q2 2024 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Jul-16-24 10:52AM	MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q2 2024 (InvestorPlace) +12.06%
07:05AM	Mercantile Bank (MBWM) Meets Q2 Earnings Estimates (Zacks)
05:11AM	Mercantile Bank: Q2 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Solid Second Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jul-11-24 09:15AM	What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings (Zacks) +6.10%
Jul-09-24 10:00AM	Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline (Zacks)
Jun-27-24 08:00AM	Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast (PR Newswire)
Jun-03-24 08:00AM	Mercantile Bank Corporation Implements Management Succession Plan (PR Newswire)
Apr-18-24 09:30AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript (Updated) (Insider Monkey)
Apr-17-24 08:44AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript (Insider Monkey)
Apr-16-24 10:53AM	MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024 (InvestorPlace)
10:32AM	Mercantile Bank Corp (MBWM) Exceeds Q1 Earnings Estimates and Reports Revenue Growth (GuruFocus.com)
09:30AM	Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates (Zacks)
05:30AM	Mercantile Bank Q1 Net Income Rises - Quick Facts (RTT News)
05:11AM	Mercantile Bank: Q1 Earnings Snapshot (Associated Press Finance)
05:05AM	Mercantile Bank Corporation Announces Robust First Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Apr-11-24 09:15AM	Wall Street's Insights Into Key Metrics Ahead of Mercantile Bank (MBWM) Q1 Earnings (Zacks)
Mar-28-24 10:30AM	Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast (PR Newswire)
Mar-13-24 12:00PM	All You Need to Know About Mercantile Bank (MBWM) Rating Upgrade to Strong Buy (Zacks)
Mar-05-24 05:03AM	Mercantile Bank (MBWM) Soars 5.7%: Is Further Upside Left in the Stock? (Zacks)
Jan-29-24 09:07AM	Top 7 Dividend Stocks for a Tax-Efficient Portfolio in 2024 (InvestorPlace)
Jan-18-24 08:23AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Call Transcript (Insider Monkey)
Jan-17-24 12:00AM	Q4 2023 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Jan-16-24 09:41AM	Mercantile Bank Corp (MBWM) Reports Solid 2023 Financial Results Amidst Rising Interest Rates (GuruFocus.com)
09:30AM	Mercantile Bank (MBWM) Reports Q4 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Q4 Earnings and Revenues Top Estimates (Zacks)
05:18AM	Mercantile Bank: Q4 Earnings Snapshot (Associated Press Finance)
05:01AM	Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results (GlobeNewswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (GlobeNewswire)
Dec-21-23 09:00AM	Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast (GlobeNewswire)
Dec-14-23 07:26AM	Strength Seen in Mercantile Bank (MBWM): Can Its 5.8% Jump Turn into More Strength? (Zacks)
Oct-20-23 03:05AM	Best Value Stocks to Buy for October 20th (Zacks)
Oct-18-23 08:43AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q3 2023 Earnings Call Transcript (Insider Monkey)
04:51AM	Q3 2023 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Oct-17-23 10:43AM	Mercantile Bank Corp (MBWM) Reports Robust Q3 2023 Results with Significant Year-Over-Year ... (GuruFocus.com) +7.38%
09:30AM	Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
07:05AM	Mercantile Bank (MBWM) Surpasses Q3 Earnings and Revenue Estimates (Zacks)
05:09AM	Mercantile Bank: Q3 Earnings Snapshot (Associated Press Finance)
05:02AM	Mercantile Bank Corporation Announces Retirement of President and Chief Executive Officer Robert B. Kaminski, Jr. (GlobeNewswire)
05:01AM	Mercantile Bank Corporation Announces Robust Third Quarter 2023 Results (GlobeNewswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (GlobeNewswire)
Sep-27-23 09:00AM	Mercantile Bank Corporation Announces Third Quarter 2023 Results Conference Call and Webcast (GlobeNewswire)
Aug-11-23 06:44AM	One Mercantile Bank Insider Raised Stake By 104% In Previous Year (Simply Wall St.)
Jul-21-23 12:37PM	Why Mercantile Bank Stock Rose 16.4% This Week (Motley Fool)
12:00PM	Mercantile Bank (MBWM) Upgraded to Strong Buy: What Does It Mean for the Stock? (Zacks)
10:00AM	Best Momentum Stocks to Buy for July 21th (Zacks)
06:02AM	Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.34 (Simply Wall St.)

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
RAMAKER DAVID B	Director	Aug 18 '25	Buy	46.71	1,500	70,065	15,014	Aug 19 05:52 PM
Williams Shoran R	Director	Jul 29 '25	Buy	47.28	200	9,457	5,266	Jul 30 06:18 PM
KAMINSKI ROBERT B	Director	May 02 '25	Sale	42.85	250	10,712	77,986	May 06 05:10 PM
KAMINSKI ROBERT B	Director	Apr 02 '25	Sale	43.14	250	10,785	78,236	Apr 04 04:15 PM
KAMINSKI ROBERT B	Director	Mar 03 '25	Sale	48.11	250	12,028	78,486	Mar 05 05:25 PM
Sanchez Nelson F	Director	Feb 26 '25	Buy	47.00	212	9,964	2,502	Feb 28 07:00 PM
Sanchez Nelson F	Director	Feb 26 '25	Sale	47.31	100	4,731	2,216	Feb 28 07:00 PM
PRICE MICHAEL H	Director	Feb 05 '25	Sale	48.41	6,372	308,495	15,184	Feb 24 07:14 PM
Sanchez Nelson F	Director	Feb 20 '25	Buy	47.75	393	18,768	2,290	Feb 24 04:10 PM
Sanchez Nelson F	Director	Feb 18 '25	Buy	48.50	195	9,458	1,706	Feb 20 04:05 PM
Sanchez Nelson F	Director	Feb 19 '25	Buy	48.00	191	9,168	1,897	Feb 20 04:05 PM
MacDonald Richard D	Director	Feb 19 '25	Buy	48.92	511	24,996	1,725	Feb 20 04:05 PM
KAMINSKI ROBERT B	Director	Feb 11 '25	Sale	50.22	1,000	50,220	11,810	Feb 12 05:34 PM
KAMINSKI ROBERT B	Director	Feb 06 '25	Sale	49.82	1,000	49,820	12,810	Feb 10 04:05 PM
Sanchez Nelson F	Director	Feb 04 '25	Buy	47.50	189	8,978	1,511	Feb 05 04:07 PM
Sanchez Nelson F	Director	Feb 03 '25	Buy	47.89	187	8,955	1,322	Feb 05 04:07 PM
Williams Shoran R	Director	Jan 31 '25	Buy	49.28	123	6,061	4,147	Feb 04 07:27 PM
KAMINSKI ROBERT B	Director	Feb 03 '25	Sale	47.05	250	11,763	86,730	Feb 04 04:34 PM
Sanchez Nelson F	Director	Jan 29 '25	Buy	48.50	103	4,996	1,135	Jan 30 05:34 PM
KAMINSKI ROBERT B	Director	Jan 27 '25	Sale	50.16	3,000	150,480	13,810	Jan 28 04:20 PM
KAMINSKI ROBERT B	Director	Jan 24 '25	Sale	49.14	3,000	147,420	16,810	Jan 28 04:20 PM
KAMINSKI ROBERT B	Director	Dec 02 '24	Sale	49.60	250	12,400	87,230	Dec 03 05:58 PM
KAMINSKI ROBERT B	Director	Nov 25 '24	Sale	51.75	5,800	300,150	19,810	Nov 27 04:10 PM
KAMINSKI ROBERT B	Director	Nov 14 '24	Sale	49.51	4,000	198,040	25,610	Nov 15 05:40 PM
KAMINSKI ROBERT B	Director	Nov 04 '24	Sale	42.51	250	10,628	94,480	Nov 05 05:13 PM
KAMINSKI ROBERT B	Director	Oct 02 '24	Sale	41.77	250	10,442	94,730	Oct 03 05:58 PM

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MBWM

Mercantile Bank Corp

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