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NEW: Price Reaction to Earnings Reports

View detailed tables showing price action before and after earnings announcements, ranging from intraday to one week out. Track how the market has reacted to past earnings to identify patterns and predict future behavior. Click here to open.

MBWM

Mercantile Bank Corp

Dec 04 • 12:48PM ET

50.27

Dollar change +0.28
Percentage change 0.57	%

Financial • Banks - Regional • USA • NASD

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

| Held by: IWM VTI AVUV VXF SMDV IWN KRE DFAT SCHA DFSV

Scroll to Statements

Index	RUT	P/E	10.12	EPS (ttm)	4.97	Insider Own	5.06%	Shs Outstand	16.14M	Perf Week	0.34%
Market Cap	811.45M	Forward P/E	11.36	EPS next Y	4.43	Insider Trans	-3.06%	Shs Float	15.33M	Perf Month	16.88%
Income	80.00M	PEG	1.27	EPS next Q	1.14	Inst Own	60.36%	Short Float	0.80%	Perf Quarter	13.71%
Sales	351.33M	P/S	2.31	EPS this Y	-5.15%	Inst Trans	-0.23%	Short Ratio	2.03	Perf Half Y	35.06%
Book/sh	36.14	P/B	1.39	EPS next Y	-9.04%	ROA	1.43%	Short Interest	0.12M	Perf Year	35.64%
Cash/sh	-	P/C	-	EPS next 5Y	8.00%	ROE	15.00%	52W Range	33.46 - 52.98	Perf YTD	24.49%
Dividend Est.	1.42 (2.82%)	P/FCF	28.88	EPS past 5Y	15.20%	ROI	7.59%	52W High	-5.12%	Beta	1.00
Dividend TTM	1.40 (2.78%)	Quick Ratio	-	Sales past 5Y	14.35%	Gross Margin	-	52W Low	50.24%	ATR (14)	1.51
Dividend Ex-Date	Dec 06, 2024	Current Ratio	0.09	EPS Y/Y TTM	-5.53%	Oper. Margin	28.54%	RSI (14)	58.94	Volatility	2.64% 2.93%
Employees	631	Debt/Eq	1.34	Sales Y/Y TTM	22.21%	Profit Margin	22.77%	Recom	2.60	Target Price	51.38
Option/Short	Yes / Yes	LT Debt/Eq	0.81	EPS Q/Q	-6.63%	Payout	26.10%	Rel Volume	0.42	Prev Close	49.99
Sales Surprise	1.97%	EPS Surprise	4.10%	Sales Q/Q	15.77%	Earnings	Oct 15 BMO	Avg Volume	60.66K	Price	50.27
SMA20	1.16%	SMA50	9.68%	SMA200	21.06%	Trades		Volume	13,700	Change	0.57%

Date	Action	Analyst	Rating Change	Price Target Change
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
Jan-15-09	Downgrade	Stifel Nicolaus	Buy → Hold
Mar-19-08	Upgrade	Stifel Nicolaus	Hold → Buy	$15

Show Previous Ratings

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	Loading…
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	Loading…
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)
09:15AM	Loading…
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.)
Jul-19-23 04:22AM	Q2 2023 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
Jul-18-23 09:30AM	Mercantile Bank (MBWM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (Zacks) +12.16%
07:05AM	Mercantile Bank (MBWM) Tops Q2 Earnings and Revenue Estimates (Zacks)
05:07AM	Mercantile Bank: Q2 Earnings Snapshot (AP Finance)
05:01AM	Mercantile Bank Corporation Announces Strong Second Quarter 2023 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jun-30-23 11:08AM	5 Reasons to Add Mercantile Bank (MBWM) to Your Portfolio Now (Zacks)
Jun-28-23 09:00AM	Mercantile Bank Corporation Announces Second Quarter 2023 Results Conference Call and Webcast (PR Newswire)
08:08AM	Investors in Mercantile Bank (NASDAQ:MBWM) have unfortunately lost 8.1% over the last five years (Simply Wall St.)
May-19-23 06:19AM	Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.33 (Simply Wall St.)
Apr-27-23 01:05AM	Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2023 Earnings Call Transcript (Insider Monkey)
Apr-21-23 06:34AM	Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33 (Simply Wall St.)
Apr-19-23 06:22AM	Q1 2023 Mercantile Bank Corp Earnings Call (Thomson Reuters StreetEvents)
06:19AM	Should You Be Adding Mercantile Bank (NASDAQ:MBWM) To Your Watchlist Today? (Simply Wall St.)
Apr-18-23 04:27PM	Southwest Airlines, XCel Brands fall; Lockheed, Bellus rise (AP Finance)
07:05AM	Mercantile Bank (MBWM) Tops Q1 Earnings and Revenue Estimates (Zacks)
05:09AM	Mercantile Bank: Q1 Earnings Snapshot (AP Finance)
05:01AM	Mercantile Bank Corporation Announces Strong First Quarter Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Apr-11-23 10:00AM	Mercantile Bank (MBWM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Mar-29-23 09:00AM	Mercantile Bank Corporation Announces First Quarter 2023 Results Conference Call and Webcast (PR Newswire)
Mar-19-23 08:07AM	Mercantile Bank Corporation (NASDAQ:MBWM) is favoured by institutional owners who hold 57% of the company (Simply Wall St.)
Feb-20-23 05:34AM	A Mercantile Bank Corporation (NASDAQ:MBWM) insider increased their holdings by 104% last year (Simply Wall St.)
Jan-23-23 06:58AM	Daily Vickers Top Buyers & Sellers for 01/23/2023 (Argus Research)
Jan-22-23 07:22AM	Mercantile Bank's (NASDAQ:MBWM) Shareholders Will Receive A Bigger Dividend Than Last Year (Simply Wall St.)
Jan-20-23 08:22AM	4 Stocks to Watch That Recently Raised Their Dividends (Zacks)
Jan-19-23 06:38AM	Mercantile Bank (NASDAQ:MBWM) investors are sitting on a loss of 9.6% if they invested a year ago (Simply Wall St.)
Jan-18-23 02:15PM	Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2022 Earnings Call Transcript (Insider Monkey) -9.18%
Jan-17-23 07:15AM	Mercantile Bank (MBWM) Q4 Earnings and Revenues Top Estimates (Zacks)
06:01AM	Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2022 Results (PR Newswire)
06:00AM	Mercantile Bank Corporation Increases Regular Cash Dividend (PR Newswire)
Jan-10-23 10:00AM	Mercantile Bank (MBWM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Dec-19-22 09:00AM	Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2022 Results Conference Call and Webcast (PR Newswire)
Dec-01-22 06:59PM	Mercantile Appoints New Members to Bank Board of Directors (PR Newswire)
Nov-27-22 07:06AM	Is It Smart To Buy Mercantile Bank Corporation (NASDAQ:MBWM) Before It Goes Ex-Dividend? (Simply Wall St.)
Oct-18-22 07:05AM	Mercantile Bank (MBWM) Q3 Earnings and Revenues Beat Estimates (Zacks)
05:01AM	Mercantile Bank Corporation Announces Robust Third Quarter 2022 Results (PR Newswire)
05:00AM	Mercantile Bank Corporation Declares Regular Cash Dividend (PR Newswire)
Oct-11-22 10:00AM	Mercantile Bank (MBWM) Earnings Expected to Grow: Should You Buy? (Zacks)

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
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
KAMINSKI ROBERT B	Director	Sep 03 '24	Sale	46.05	250	11,512	94,980	Sep 04 06:13 PM
PRICE MICHAEL H	Director	Aug 26 '24	Sale	45.57	5,000	227,860	21,556	Aug 27 04:48 PM
KAMINSKI ROBERT B	Director	Aug 02 '24	Sale	43.66	250	10,915	95,230	Aug 05 07:00 PM
KAMINSKI ROBERT B	Director	Jul 19 '24	Sale	48.73	3,000	146,190	31,610	Jul 22 06:16 PM
KAMINSKI ROBERT B	Director	Jul 22 '24	Sale	48.01	2,000	96,020	29,610	Jul 22 06:16 PM
PRICE MICHAEL H	Director	Jul 19 '24	Sale	47.08	5,000	235,400	26,556	Jul 22 06:13 PM
KAMINSKI ROBERT B	Director	Jul 02 '24	Sale	39.83	250	9,958	95,480	Jul 03 05:22 PM
Sanchez Nelson F	Director	Jun 11 '24	Buy	35.90	139	4,990	1,032	Jun 12 04:19 PM
Sanchez Nelson F	Director	Jun 10 '24	Buy	36.10	138	4,982	893	Jun 12 04:19 PM
Sanchez Nelson F	Director	Jun 06 '24	Buy	37.10	135	5,008	620	Jun 10 04:40 PM
Sanchez Nelson F	Director	Jun 07 '24	Buy	36.94	135	4,987	755	Jun 10 04:40 PM
Sanchez Nelson F	Director	Mar 11 '24	Buy	36.51	100	3,651	1,265	Mar 13 06:24 PM

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MBWM

Mercantile Bank Corp

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