Mercantile Bank Corporation (MBWM): Price and Financial Metrics


Mercantile Bank Corporation (MBWM): $33.46

0.13 (+0.39%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

MBWM POWR Grades

  • MBWM scores best on the Growth dimension, with a Growth rank ahead of 87.37% of US stocks.
  • The strongest trend for MBWM is in Growth, which has been heading up over the past 177 days.
  • MBWM ranks lowest in Quality; there it ranks in the 18th percentile.

MBWM Stock Summary

  • For MBWM, its debt to operating expenses ratio is greater than that reported by 85.08% of US equities we're observing.
  • MBWM's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 94.28% of US stocks.
  • The volatility of MERCANTILE BANK CORP's share price is greater than that of just 3.96% US stocks with at least 200 days of trading history.
  • If you're looking for stocks that are quantitatively similar to MERCANTILE BANK CORP, a group of peers worth examining would be MYFW, CALB, HOPE, TBNK, and FBIZ.
  • Visit MBWM's SEC page to see the company's official filings. To visit the company's web site, go to www.mercbank.com.

MBWM Valuation Summary

  • MBWM's price/earnings ratio is 10.6; this is 7.02% lower than that of the median Financial Services stock.
  • MBWM's price/sales ratio has moved down 2.8 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 2023-01-23 3.1 1.3 10.6 14.5
MBWM 2023-01-20 3.0 1.3 10.4 14.3
MBWM 2023-01-19 2.9 1.3 10.2 14.2
MBWM 2023-01-18 3.0 1.3 10.4 14.3
MBWM 2023-01-17 3.3 1.4 11.4 15.1
MBWM 2023-01-13 3.1 1.3 10.9 14.8

MBWM Growth Metrics

    Its 4 year cash and equivalents growth rate is now at 346.84%.
  • Its 3 year net cashflow from operations growth rate is now at 83.59%.
  • The 2 year price growth rate now stands at 45.07%.
Over the past 33 months, MBWM's revenue has gone up $27,185,000.

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)

MBWM Stock Price Chart Interactive Chart >

Price chart for MBWM

MBWM Price/Volume Stats

Current price $33.46 52-week high $39.12
Prev. close $33.33 52-week low $29.26
Day low $33.24 Volume 23,200
Day high $33.59 Avg. volume 31,422
50-day MA $33.86 Dividend yield 3.84%
200-day MA $33.11 Market Cap 530.88M

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's (NASDAQ:MBWM) Shareholders Will Receive A Bigger Dividend Than Last Year

Mercantile Bank Corporation ( NASDAQ:MBWM ) has announced that it will be increasing its dividend from last year's...

Yahoo | January 22, 2023

4 Stocks to Watch That Recently Raised Their Dividends

Franco-Nevada Corporation (FNV), Mercantile Bank Corporation (MBWM), Apogee Enterprises (APOG) and First Busey Corporation (BUSE) recently hiked dividends.

Yahoo | January 20, 2023

Mercantile Bank (NASDAQ:MBWM) investors are sitting on a loss of 9.6% if they invested a year ago

It's easy to feel disappointed if you buy a stock that goes down. But often it is not a reflection of the fundamental...

Yahoo | January 19, 2023

Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2022 Earnings Call Transcript

Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2022 Earnings Call Transcript January 17, 2023 Operator: Good morning, and welcome to the Mercantile Bank Corporation Fourth Quarter 2022 Earnings Results Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Please note that this event is being […]

Yahoo | January 18, 2023

Mercantile Bank (MBWM) Q4 Earnings and Revenues Top Estimates

Mercantile Bank (MBWM) delivered earnings and revenue surprises of 15.13% and 8.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | January 17, 2023

Read More 'MBWM' Stories Here

MBWM Price Returns

1-mo -0.45%
3-mo -2.43%
6-mo -4.53%
1-year -9.91%
3-year 13.23%
5-year 16.02%
YTD -0.06%
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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