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Mercantile Bank Corporation

MBWM
Current price
43.46 USD +0.77 USD (+1.80%)
Last closed 42.21 USD
ISIN US5873761044
Sector Financial Services
Industry Banks - Regional
Exchange NASDAQ
Capitalization 733 326 528 USD
Yield for 12 month +17.05 %
1Y
3Y
5Y
10Y
15Y
MBWM
21.11.2021 - 28.11.2021

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. Address: 310 Leonard Street NW, Grand Rapids, MI, United States, 49504

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Analytics

WallStreet Target Price

53.00 USD

P/E ratio

9.16

Dividend Yield

3.31 %

Current Year

+217 988 000 USD

Last Year

+190 321 000 USD

Current Quarter

+83 412 000 USD

Last Quarter

+88 560 000 USD

Current Year

+217 988 000 USD

Last Year

+190 321 000 USD

Current Quarter

+93 079 000 USD

Last Quarter

+78 879 000 USD

Key Figures MBWM

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
EBITDA
Operating Margin TTM 43.19 %
PE Ratio 9.16
Return On Assets TTM 1.43 %
PEG Ratio 2.51
Return On Equity TTM 15.00 %
Wall Street Target Price 53.00 USD
Revenue TTM 222 191 008 USD
Book Value 36.14 USD
Revenue Per Share TTM
Dividend Share 1.40 USD
Quarterly Revenue Growth YOY 3.60 %
Dividend Yield 3.31 %
Gross Profit TTM 182 971 000 USD
Earnings per share 4.96 USD
Diluted Eps TTM 4.96 USD
Most Recent Quarter III 2024
Quarterly Earnings Growth YOY -6.50 %
Profit Margin 36.00 %

Dividend Analytics MBWM

Champion - 10+ consecutive years of dividend increases

Max Ratio

>10 - expected double digit dividend yield on cost over 10Y >5 - expected 5-9 dividend yield on cost over 10Y <5 - expected <5 dividend yield on cost over 10Y MaxRatio is an estimated 10Y dividend yield on cost calculated by combining the current dividend yield with the 5-year & 10-year average dividend growth rate, projected over the next 10 years discounted based on current Financial Score. It provides a projected outlook on future dividend returns.

6.63 %

5Y Dividend Growth

34.00 %

Consecutive Years

13 years

5Y Average Payout Ratio

32.00 %

Dividend History MBWM

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Forward Annual Dividend Rate 1.44
Ex Dividend Date 06.12.2024
Forward Annual Dividend Yield 3.17 %
Last Split Factor 105:100
Payout Ratio 28.51 %
Last Split Date 19.04.2007
Dividend Date 18.12.2024

Stock Valuation MBWM

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Trailing PE 9.16
Forward PE 10.52
Enterprise Value Revenue 5.61
Price Sales TTM 3.30
Enterprise Value EBITDA
Price Book MRQ 1.26

Financials MBWM

1 year
3 years
5 years
10 years
15 years
Results 2019 Dynamics
* The data for this period has not yet been published

Technical indicators MBWM

For 52 weeks

32.64 USD 52.60 USD
50 Day MA 47.41 USD
Shares Short Prior Month 122 857
200 Day MA 42.21 USD
Short Ratio 0.92
Shares Short 57 144
Short Percent 0.37 %