Mercantile Bank (MBWM) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercantile Bank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MBWM shares.
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3 analysts have issued 12-month price targets for Mercantile Bank's shares. Their MBWM share price targets range from $47.00 to $47.00. On average, they expect the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price.
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Mercantile Bank's stock was trading at $40.38 at the beginning of the year. Since then, MBWM shares have decreased by 14.5% and is now trading at $34.53.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
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Mercantile Bank Co. (NASDAQ:MBWM) released its earnings results on Tuesday, January, 16th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.03. The financial services provider earned $56.95 million during the quarter, compared to analyst estimates of $56 million. Mercantile Bank had a trailing twelve-month return on equity of 16.74% and a net margin of 25.58%. During the same quarter in the prior year, the company posted $1.37 earnings per share.

Mercantile Bank announced a quarterly dividend on Thursday, April 11th. Investors of record on Friday, June 7th will be paid a dividend of $0.35 per share on Wednesday, June 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, June 7th.
Read our dividend analysis for MBWM.

Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.16%. MBWM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBWM will have a dividend payout ratio of 31.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBWM.

1 employees have rated Mercantile Bank Chief Executive Officer Bob Kaminski on Glassdoor.com. Bob Kaminski has an approval rating of 100% among the company's employees. This puts Bob Kaminski in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantile Bank investors own include Macatawa Bank (MCBC), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Alibaba Group (BABA), International Business Machines (IBM), Invesco (IVZ), Marathon Petroleum (MPC), ONEOK (OKE) and Wells Fargo & Company (WFC).

Mercantile Bank's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (1.54%), Hennion & Walsh Asset Management Inc. (0.07%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include David B Ramaker, Lonna Wiersma, Michael H Price, Nelson F Sanchez and Robert T Worthington.
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Shares of MBWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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