Mercantile Bank Corporation (MBWM): Price and Financial Metrics


Mercantile Bank Corporation (MBWM): $31.42

0.02 (+0.06%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

MBWM POWR Grades


  • Stability is the dimension where MBWM ranks best; there it ranks ahead of 94.6% of US stocks.
  • The strongest trend for MBWM is in Stability, which has been heading up over the past 179 days.
  • MBWM's current lowest rank is in the Growth metric (where it is better than 7.75% of US stocks).

MBWM Stock Summary

  • The ratio of debt to operating expenses for Mercantile Bank Corp is higher than it is for about 84.74% of US stocks.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 10.93 for Mercantile Bank Corp; that's greater than it is for 93.43% of US stocks.
  • Mercantile Bank Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -16.05%, greater than the shareholder yield of only 20.43% of stocks in our set.
  • If you're looking for stocks that are quantitatively similar to Mercantile Bank Corp, a group of peers worth examining would be CNOB, FBIZ, CALB, TBNK, and FFIC.
  • MBWM's SEC filings can be seen here. And to visit Mercantile Bank Corp's official web site, go to www.mercbank.com.

MBWM Valuation Summary

  • In comparison to the median Financial Services stock, MBWM's price/earnings ratio is 20% lower, now standing at 8.8.
  • MBWM's EV/EBIT ratio has moved down 10.5 over the prior 243 months.
  • MBWM's EV/EBIT ratio has moved down 10.5 over the prior 243 months.

Below are key valuation metrics over time for MBWM.

Stock Date P/S P/B P/E EV/EBIT
MBWM 2020-08-26 2.4 0.8 7.7 8.8
MBWM 2016-08-01 3.4 1.2 14.2 14.8
MBWM 2016-04-22 3.4 1.2 14.7 15.1
MBWM 2009-06-18 0.9 0.2 -4.8 -26.5
MBWM 2009-01-06 1.4 0.3 -8.4 -45.9
MBWM 2003-09-02 6.6 2.2 20.0 19.3

MBWM Growth Metrics

    The 3 year net income to common stockholders growth rate now stands at 48.56%.
  • The 4 year net income to common stockholders growth rate now stands at 67.01%.
  • The 4 year revenue growth rate now stands at 22.85%.
MBWM's revenue has moved up $35,713,000 over the prior 15 months.

The table below shows MBWM's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-12-31 184.582 64.573 59.021
2021-09-30 179.697 40.74 61.463
2021-06-30 174.521 72.445 57.098
2021-03-31 159.949 46.234 47.705
2020-12-31 153.368 37.877 44.138
2020-09-30 148.869 40.94 43.374

MBWM's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • MBWM has a Quality Grade of C, ranking ahead of 47.71% of graded US stocks.
  • MBWM's asset turnover comes in at 0.038 -- ranking 212th of 428 Banking stocks.
  • RIVE, PBCT, and MTB are the stocks whose asset turnover ratios are most correlated with MBWM.

The table below shows MBWM's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.038 1 0.016
2021-03-31 0.036 1 0.013
2020-12-31 0.036 1 0.013
2020-09-30 0.037 1 0.013
2020-06-30 0.038 1 0.014
2020-03-31 0.041 1 0.015

MBWM Price Target

For more insight on analysts targets of MBWM, see our MBWM price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $33.75 Average Broker Recommendation 1.9 (Hold)

MBWM Stock Price Chart Interactive Chart >

Price chart for MBWM

MBWM Price/Volume Stats

Current price $31.42 52-week high $40.01
Prev. close $31.40 52-week low $28.51
Day low $31.06 Volume 27,007
Day high $31.77 Avg. volume 46,308
50-day MA $33.55 Dividend yield 3.98%
200-day MA $34.52 Market Cap 497.79M

Mercantile Bank Corporation (MBWM) Company Bio


Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses and individuals in central and western Michigan. The company was founded in 1997 and is based in Grand Rapids, Michigan.


MBWM Latest News Stream


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Latest MBWM News From Around the Web

Below are the latest news stories about Mercantile Bank Corp that investors may wish to consider to help them evaluate MBWM as an investment opportunity.

Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year

Mercantile Bank Corporation ( NASDAQ:MBWM ) has announced that it will be increasing its dividend on the 16th of March...

Yahoo | January 21, 2022

Mercantile Bank stock gains after RayJay upgrades on expected loan growth (NASDAQ:MBWM)

Mercantile Bank Corp. (MBWM) stock climbs 0.8%, against a backdrop of financial stock weakness, after Raymond James analyst Daniel Tamayo upgrades the stock to Outperform from

Seeking Alpha | January 19, 2022

Mercantile Bank raises dividend by a penny to $0.31

Mercantile Bank Corporation (NASDAQ:MBWM) declares $0.31/share quarterly dividend, 3.3% increase from prior dividend of $0.30.Forward yield 3.29%Payable March 16; for shareholders of record.

Seeking Alpha | January 18, 2022

Mercantile Bank GAAP EPS of $0.74 misses by $0.12, revenue of $45.16M in-line

Mercantile Bank press release (NASDAQ:MBWM): Q4 GAAP EPS of $0.74 misses by $0.12.Revenue of $45.16M (-2.2% Y/Y) in-line.

Seeking Alpha | January 18, 2022

Mercantile Bank Corporation (MBWM) CEO Robert Kaminski On Q4 2021 Results - Earnings Call Transcript

No summary available.

Seeking Alpha | January 18, 2022

Read More 'MBWM' Stories Here

MBWM Price Returns

1-mo -5.36%
3-mo -12.60%
6-mo -6.41%
1-year 5.06%
3-year 9.70%
5-year 21.51%
YTD -9.56%
2021 33.79%
2020 -22.04%
2019 33.33%
2018 -15.74%
2017 -4.02%

MBWM Dividends

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Continue Researching MBWM

Here are a few links from around the web to help you further your research on Mercantile Bank Corp's stock as an investment opportunity:

Mercantile Bank Corp (MBWM) Stock Price | Nasdaq
Mercantile Bank Corp (MBWM) Stock Quote, History and News - Yahoo Finance
Mercantile Bank Corp (MBWM) Stock Price and Basic Information | MarketWatch

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