Mercantile Bank Corporation (MBWM): Price and Financial Metrics

Mercantile Bank Corporation (MBWM): $30.91

0.23 (-0.74%)

POWR Rating

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Industry: Midwest Regional Banks




#4 of 46

in industry

MBWM Price/Volume Stats

Current price $30.91 52-week high $37.00
Prev. close $31.14 52-week low $23.89
Day low $30.64 Volume 31,000
Day high $31.36 Avg. volume 40,141
50-day MA $33.48 Dividend yield 4.4%
200-day MA $31.42 Market Cap 495.12M

MBWM Stock Price Chart Interactive Chart >


  • Sentiment is the dimension where MBWM ranks best; there it ranks ahead of 92.37% of US stocks.
  • The strongest trend for MBWM is in Growth, which has been heading down over the past 177 days.
  • MBWM's current lowest rank is in the Quality metric (where it is better than 25.48% of US stocks).

MBWM Stock Summary

  • With a price/earnings ratio of 6.29, MERCANTILE BANK CORP P/E ratio is greater than that of about just 12.59% of stocks in our set with positive earnings.
  • The ratio of debt to operating expenses for MERCANTILE BANK CORP is higher than it is for about 88.02% of US stocks.
  • MBWM's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 91.41% of US stocks.
  • Stocks that are quantitatively similar to MBWM, based on their financial statements, market capitalization, and price volatility, are BANC, TBNK, FLIC, CNOB, and ONB.
  • Visit MBWM's SEC page to see the company's official filings. To visit the company's web site, go to

MBWM Valuation Summary

  • In comparison to the median Financial Services stock, MBWM's price/earnings ratio is 31.58% lower, now standing at 6.5.
  • MBWM's price/sales ratio has moved down 3.9 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 2023-09-15 2.5 1.1 6.5 11.5
MBWM 2023-09-14 2.5 1.1 6.7 11.6
MBWM 2023-09-13 2.5 1.1 6.5 11.5
MBWM 2023-09-12 2.5 1.1 6.6 11.6
MBWM 2023-09-11 2.5 1.1 6.6 11.6
MBWM 2023-09-08 2.5 1.1 6.7 11.6

MBWM Growth Metrics

    Its year over year net income to common stockholders growth rate is now at 17.96%.
  • Its 4 year net income to common stockholders growth rate is now at 55.93%.
  • Its 4 year cash and equivalents growth rate is now at 346.84%.
MBWM's revenue has moved up $54,529,000 over the prior 67 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
2022-09-30 176.925 128.197 50.898
2022-06-30 174.988 92.391 49.919
2022-03-31 181.948 93.882 56.273
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

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)

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's ( NASDAQ:MBWM ) dividend will be increasing from last year's payment of the same period...

Yahoo | August 28, 2023

Here's What We Like About Mercantile Bank's (NASDAQ:MBWM) Upcoming Dividend

It looks like Mercantile Bank Corporation ( NASDAQ:MBWM ) is about to go ex-dividend in the next 4 days. The...

Yahoo | August 26, 2023

Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.34

Mercantile Bank Corporation's ( NASDAQ:MBWM ) dividend will be increasing from last year's payment of the same period...

Yahoo | August 14, 2023

One Mercantile Bank Insider Raised Stake By 104% In Previous Year

From what we can see, insiders were net buyers in Mercantile Bank Corporation's ( NASDAQ:MBWM ) during the past 12...

Yahoo | August 11, 2023

Why Mercantile Bank Stock Rose 16.4% This Week

The share price of Mercantile Bank (NASDAQ: MBWM) climbed 16.4% this week as of Friday at 11:00 a.m. ET, according to S&P Global Market Intelligence. Mercantile was trading at around $33.78 per share as of 11:00 a.m. ET Friday, up about 1% year to date. Mercantile Bank is a small regional bank based in Grand Rapids, Michigan, with about $5.2 billion in total assets.

Yahoo | July 21, 2023

Read More 'MBWM' Stories Here

MBWM Price Returns

1-mo -7.40%
3-mo 13.06%
6-mo 3.84%
1-year 8.47%
3-year 92.89%
5-year 17.04%
YTD -4.63%
2022 -0.84%
2021 33.79%
2020 -22.04%
2019 33.33%
2018 -15.74%

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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