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MBWM Quote, Financials, Valuation and Earnings
Last price:
$47.50
Seasonality move
:
5.82%
Day range:
$47.28 - $47.77
52-week range:
$37.76 - $51.89
Dividend yield:
3.11%
P/E ratio:
9.02x
P/S ratio:
2.08x
P/B ratio:
1.18x
Volume:
53.2K
Avg. volume:
56.7K
1-year change:
-6.57%
Market cap:
$774M
Revenue:
$361.9M
EPS (TTM):
$5.28
Analysts' Opinion
-
Consensus RatingMercantile Bank Corp. has received a consensus rating of Hold. The company's average rating is a Hold based on 1 Buy rating, 2 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $52.80, Mercantile Bank Corp. has an estimated upside of 10.88% from its current price of $47.51.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $51.00 representing 100% downside risk from its current price of $47.51.
Fair Value
-
According to the consensus of 3 analysts, Mercantile Bank Corp. has 10.88% upside to fair value with a price target of $52.80 per share.
MBWM vs. S&P 500
-
Over the past 5 trading days, Mercantile Bank Corp. has overperformed the S&P 500 by 1.83% suggesting its relative strength compared to the major market average is strong at this time.
Share Buyback
-
Mercantile Bank Corp. does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Mercantile Bank Corp. has grown year-over-year revenues for 13 quarters straight. In the most recent quarter Mercantile Bank Corp. reported revenues of $96M.
Earnings Growth
-
Mercantile Bank Corp. has grown year-over-year earnings for 2 quarters straight. In the most recent quarter Mercantile Bank Corp. reported earnings per share of $1.46.
Enterprise value:
1.5B
EV / Invested capital:
1.08x
Price / LTM sales:
2.08x
EV / EBIT:
6.52x
EV / Revenue:
4.08x
PEG ratio (5yr expected):
1.45x
EV / Free cash flow:
26.12x
Price / Operating cash flow:
13.29x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.4%
Net Income Margin (TTM):
23.05%
Return On Equity:
13.95%
Return On Invested Capital:
6.35%
Operating Margin:
29.21%
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2023-09-30 | 2024-09-30 | 2025-09-30 | 2024-09-30 | 2025-09-30 | |
| Income Statement | ||||||
| Revenue | $287.5M | $351.3M | $371.2M | $93.1M | $96M | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Operating Income | $104.4M | $100.3M | $101.3M | $24.6M | $28M | |
| EBITDA | -- | -- | -- | -- | -- | |
| Diluted EPS | $5.26 | $4.97 | $5.28 | $1.22 | $1.46 | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $835.5M | $298M | $285.6M | $351M | $499.9M | |
| Total Assets | $5B | $5B | $5.3B | $5.9B | $6.3B | |
| Current Liabilities | $4B | $3.3B | $3.3B | $3.8B | $5.1B | |
| Total Liabilities | $4.5B | $4.6B | $4.8B | $5.3B | $5.7B | |
| Total Equity | $452.3M | $416.3M | $483.2M | $583.3M | $657.6M | |
| Total Debt | $617.9M | $478.7M | $599.9M | $560.8M | $490.3M | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2023-09-30 | 2024-09-30 | 2025-09-30 | 2024-09-30 | 2025-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $110.8M | $36.6M | $72.2M | -$4.3M | $23.1M | |
| Cash From Investing | -$249.1M | -$524M | -$216.6M | -$157.6M | $63.6M | |
| Cash From Financing | $120M | $550M | $292.9M | $292.9M | $94.2M | |
| Free Cash Flow | $99.3M | $24.6M | $58.1M | -$10M | $20.5M | |
MBWM
Sector
Market Cap
$774M
$555.9M
Price % of 52-Week High
91.77%
89.84%
Dividend Yield
3.11%
1.65%
Shareholder Yield
4.56%
3.16%
1-Year Price Total Return
-4.73%
1.51%
Beta (5-Year)
0.916
0.481
Dividend yield:
3.11%
Annualized payout:
$1.42
Payout ratio:
25.99%
Growth streak:
5 years
Technicals
8-day SMA
Buy
Level
$46.54
200-day SMA
Buy
Level
$45.38
Bollinger Bands (100)
Buy
Level
44.55 - 47.95
Chaikin Money Flow
Sell
Level
-619.9K
20-day SMA
Buy
Level
$45.60
Relative Strength Index (RSI14)
Buy
Level
62.41
ADX Line
Buy
Level
15.83
Williams %R
Sell
Level
-2.4287
50-day SMA
Buy
Level
$45.13
MACD (12, 26)
Buy
Level
0.54
25-day Aroon Oscillator
Buy
Level
96
On Balance Volume
Neutral
Level
2M
Financial Scores
Sell
Altman Z-Score
(Annual)
Level (-0.0946)
Sell
CA Score
(Annual)
Level (-2.1111)
--
Beneish M-Score
(Annual)
Level (--)
Sell
Momentum Score
Level (5)
Sell
Ohlson Score
Level (3.3059)
Buy
Piotroski F Score
(Annual)
Level (7)
Buy
Quality Ratio Score
Level (2)
Buy
Fundamental Score
Level (7)
Revenue Forecast
Earnings per Share Forecast
Company Profile
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.
Stock Forecast FAQ
In the current month, MBWM has received 1 Buy ratings 2 Hold ratings, and 0 Sell ratings. The MBWM average analyst price target in the past 3 months is $52.80.
-
Where Will Mercantile Bank Corp. Stock Be In 1 Year?
According to analysts, the consensus estimate is that Mercantile Bank Corp. share price will rise to $52.80 per share over the next 12 months.
-
What Do Analysts Say About Mercantile Bank Corp.?
Analysts are divided on their view about Mercantile Bank Corp. share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Mercantile Bank Corp. is a Sell and believe this share price will drop from its current level to $51.00.
-
What Is Mercantile Bank Corp.'s Price Target?
The price target for Mercantile Bank Corp. over the next 1-year time period is forecast to be $52.80 according to 3 Wall Street analysts, 1 of them rates the stock a Buy, 0 rate the stock a Sell, and 2 analysts rate the stock a Hold.
-
Is MBWM A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Mercantile Bank Corp. is a Hold. 2 of 3 analysts rate the stock a Hold at this time.
-
How Can I Buy Shares Of MBWM?
You can purchase shares of Mercantile Bank Corp. via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Mercantile Bank Corp. shares.
-
What Is The Mercantile Bank Corp. Share Price Today?
Mercantile Bank Corp. was last trading at $47.50 per share. This represents the most recent stock quote for Mercantile Bank Corp.. Yesterday, Mercantile Bank Corp. closed at $47.51 per share.
-
How To Buy Mercantile Bank Corp. Stock Online?
In order to purchase Mercantile Bank Corp. stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
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Financial Ratios
MBWM
Sector
P/E ratio
9.02x
11.82x
PEG ratio
1.45x
0.31x
P/B ratio
1.18x
1.08x
Price / LTM sales
2.08x
1.79x
Growth Metrics
MBWM
Sector
Revenue growth
3.17%
5.54%
Earnings growth
20.28%
14.72%
Revenue (5-year growth)
14.33%
8.86%
Earnings forecast
$1.38
$0.62
Profitability
MBWM
Sector
Profitability FY 2024
--
--
Return on invested capital
6.35%
5.04%
Return on assets
1.4%
1.02%
Return on equity
13.95%
9.7%
Earnings Date
Last Earnings Date
Oct
21
Next Earnings Date
Jan
20
Estimated Next Earnings Date
Jan
20
Balance Sheet
MBWM
Sector
Total cash
$867.2M
$436.6M
Short term investments
$730.4M
$211.5M
Total assets
$6.1B
$3.1B
Long term debt
$490.3M
$84.4M
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