MBWM
Mercantile Bank Corporation NASDAQ Listed Jul 20, 1999$53.75
+0.92%
vs $53.26
Mkt Cap $874.2M
52w Low $43.14
88.0% of range
52w High $55.20
50d MA $52.35
200d MA $49.53
P/E (TTM)
9.8x
EV/EBITDA
-1.0x
P/B
1.2x
Debt/Equity
1.1x
ROE
12.2%
P/FCF
78.0x
RSI (14)
53.20
ATR (14)
$1.46
Beta
0.87
50d MA
$52.35
200d MA
$49.53
Avg Volume
133.5K
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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
310 Leonard Street NW · Grand Rapids, MI 49504 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 21, 2026 | AMC | 1.33 | 1.46 | +9.8% | 51.43 | +0.3% | -2.0% | +0.5% | -0.1% | +1.3% | +1.4% | — |
| Jan 20, 2026 | AMC | 1.37 | 1.40 | +2.2% | 50.63 | +1.1% | +5.8% | -0.4% | -4.1% | -0.2% | -0.3% | — |
| Oct 21, 2025 | AMC | 1.38 | 1.46 | +5.8% | 44.91 | +0.1% | +0.8% | -0.8% | +1.4% | -1.7% | +0.1% | — |
| Jul 22, 2025 | AMC | 1.23 | 1.39 | +13.0% | 47.86 | +1.5% | +2.2% | -1.9% | -0.6% | +0.1% | -0.9% | — |
| Apr 22, 2025 | AMC | 1.19 | 1.21 | +1.7% | 41.67 | +0.8% | -0.3% | +1.3% | -0.5% | +0.9% | +1.8% | — |
| Jan 21, 2025 | AMC | 1.15 | 1.22 | +6.1% | 46.76 | +1.0% | +3.8% | -1.1% | +2.5% | +1.8% | -2.7% | — |
| Oct 15, 2024 | AMC | 1.17 | 1.22 | +4.3% | 44.59 | +1.6% | +4.2% | -0.1% | -2.2% | -4.5% | +1.2% | — |
| Jul 16, 2024 | AMC | 1.16 | 1.17 | +0.9% | 49.44 | -3.4% | +0.2% | -3.4% | +0.2% | +1.8% | +0.6% | — |
| Apr 16, 2024 | AMC | 1.14 | 1.34 | +17.5% | 34.14 | +0.0% | -1.5% | +2.7% | +4.5% | +1.1% | +1.3% | — |
| Jan 16, 2024 | AMC | 1.24 | 1.25 | +0.8% | 37.13 | +0.4% | +2.4% | +1.8% | +1.0% | +5.7% | -1.9% | — |
| Oct 17, 2023 | AMC | 1.15 | 1.30 | +13.0% | 33.03 | -0.1% | -2.0% | -0.6% | -2.5% | +0.1% | -0.9% | — |
| Jul 18, 2023 | AMC | 1.10 | 1.27 | +15.5% | 33.03 | +0.7% | +3.1% | -0.4% | -0.3% | +0.5% | +0.0% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 21 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $50.63 | $51.18 | +1.1% | +5.8% | -0.4% | -4.1% | -0.2% | -0.3% |
| Jan 7 | Raymond James | Maintains | Outperform → Outperform | — | $48.76 | $49.04 | +0.6% | -0.0% | +3.0% | -2.5% | -0.6% | -0.0% |
| Oct 22 | Raymond James | Maintains | Outperform → Outperform | — | $44.91 | $44.95 | +0.1% | +0.8% | -0.8% | +1.4% | -1.7% | +0.1% |
| Jul 24 | Raymond James | Upgrade | Market Perform → Outperform | — | $48.91 | $49.44 | +1.1% | -1.9% | -0.6% | +0.1% | -0.9% | -2.5% |
| Jul 23 | Piper Sandler | Maintains | Neutral → Neutral | — | $47.86 | $48.58 | +1.5% | +2.2% | -1.9% | -0.6% | +0.1% | -0.9% |
| Jul 23 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $47.86 | $48.58 | +1.5% | +2.2% | -1.9% | -0.6% | +0.1% | -0.9% |
| Apr 23 | Piper Sandler | Maintains | Neutral → Neutral | — | $41.67 | $42.02 | +0.8% | -0.3% | +1.3% | -0.5% | +0.9% | +1.8% |
| Jan 22 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $46.76 | $47.24 | +1.0% | +3.8% | -1.1% | +2.5% | +1.8% | -2.7% |
| Dec 4 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $49.99 | $49.81 | -0.4% | +1.7% | -0.5% | -0.2% | -1.3% | +0.7% |
| Jul 17 | Piper Sandler | Maintains | Neutral → Neutral | — | $49.44 | $47.77 | -3.4% | +0.2% | -3.4% | +0.2% | +1.8% | +0.6% |
| Jul 17 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $49.44 | $47.77 | -3.4% | +0.2% | -3.4% | +0.2% | +1.8% | +0.6% |
| Apr 17 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $34.14 | $34.14 | +0.0% | -1.5% | +2.7% | +4.5% | +1.1% | +1.3% |
| Mar 7 | Piper Sandler | Upgrade | Neutral → Overweight | — | $34.09 | $35.48 | +4.1% | +2.1% | +0.2% | -4.5% | -1.9% | -7.7% |
| Jan 18 | Raymond James | Downgrade | Outperform → Market Perform | — | $36.59 | $34.82 | -4.8% | -9.2% | -1.1% | +1.5% | +2.3% | -0.8% |
| Oct 19 | Raymond James | Maintains | Outperform → Outperform | — | $32.15 | $32.40 | +0.8% | +4.2% | -4.0% | +1.6% | +1.7% | +0.1% |
| Oct 6 | Raymond James | Downgrade | Strong Buy → Outperform | — | $31.77 | $30.93 | -2.6% | -1.8% | -2.5% | +1.0% | +0.3% | -0.7% |
| Mar 2 | Raymond James | Upgrade | Outperform → Strong Buy | — | $35.58 | $36.33 | +2.1% | +5.5% | -0.0% | -2.2% | -1.6% | -0.9% |
| Jan 19 | Raymond James | Upgrade | Market Perform → Outperform | — | $38.64 | $40.01 | +3.5% | +0.8% | -2.2% | +0.3% | +1.0% | +1.6% |
| Sep 29 | Piper Sandler | Maintains | Neutral → Neutral | — | $18.22 | $18.03 | -1.0% | -2.3% | +1.2% | +3.2% | +5.4% | +2.2% |
| Jul 18 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $36.65 | $36.40 | -0.7% | -1.2% | +0.7% | -0.1% | +1.9% | -0.9% |
| Jul 18 | Keefe Bruyette & Woods | Maintains | Outperform → Outperform | — | $36.65 | $36.40 | -0.7% | -1.2% | +0.7% | -0.1% | +1.9% | -0.9% |
| Mar 1 | Keefe, Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $33.10 | $33.70 | +1.8% | +3.3% | +1.7% | +0.4% | +1.2% | +1.7% |
| Mar 1 | Keefe Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $33.10 | $33.70 | +1.8% | +3.3% | +1.7% | +0.4% | +1.2% | +1.7% |
| Sep 28 | DA Davidson | Downgrade | Buy → Neutral | — | $35.63 | $34.21 | -4.0% | -0.7% | -1.3% | +1.7% | -0.4% | -1.6% |
| Sep 11 | DA Davidson | Upgrade | Neutral → Buy | — | $29.27 | $30.45 | +4.0% | +5.0% | +1.1% | -0.3% | -0.2% | +0.9% |
| Jul 6 | DA Davidson | Maintains | Neutral → Neutral | — | $32.56 | $32.48 | -0.2% | -2.3% | +1.6% | -1.6% | -1.3% | +1.9% |
| Jan 18 | Raymond James | Maintains | Market Perform → Perform | — | $35.49 | $35.00 | -1.4% | -6.6% | -3.0% | +1.3% | +0.5% | +2.2% |
| Nov 29 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $33.24 | $32.85 | -1.2% | -0.8% | -0.5% | +0.3% | -1.0% | +2.0% |
| Nov 29 | Keefe Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $33.24 | $32.85 | -1.2% | -0.8% | -0.5% | +0.3% | -1.0% | +2.0% |
| Aug 25 | Raymond James | Upgrade | Market Perform → Outperform | — | $19.57 | $20.14 | +2.9% | -0.1% | +3.9% | -0.6% | +0.0% | +0.5% |
| Apr 22 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $20.70 | $20.59 | -0.5% | -0.9% | +0.0% | +0.0% | -0.3% | +0.1% |
| Apr 22 | Keefe Bruyette & Woods | Maintains | Outperform → Outperform | — | $20.70 | $20.59 | -0.5% | -0.9% | +0.0% | +0.0% | -0.3% | +0.1% |
| Jan 21 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $19.29 | $19.25 | -0.2% | -0.9% | -0.1% | -0.8% | +1.1% | -1.1% |
| Jan 21 | Keefe Bruyette & Woods | Maintains | Outperform → Outperform | — | $19.29 | $19.25 | -0.2% | -0.9% | -0.1% | -0.8% | +1.1% | -1.1% |
| Aug 15 | Sandler O'Neill | Maintains | Buy → Buy | — | $19.51 | $19.81 | +1.5% | +2.2% | -0.3% | -1.2% | -1.6% | +0.2% |
| Aug 8 | Keefe, Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $18.82 | $19.06 | +1.3% | +5.6% | +0.4% | -1.1% | +0.6% | -1.8% |
| Aug 8 | Keefe Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $18.82 | $19.06 | +1.3% | +5.6% | +0.4% | -1.1% | +0.6% | -1.8% |
| Sep 25 | DA Davidson | Maintains | Neutral → Neutral | — | $21.19 | $21.09 | -0.5% | +3.3% | -1.8% | +0.0% | +1.3% | -0.9% |
| Mar 22 | FIG Partners | Maintains | Outperform → Outperform | — | $16.54 | $16.74 | +1.2% | +0.6% | +1.7% | -0.1% | -0.2% | -2.3% |
| Jun 25 | Raymond James | Downgrade | Outperform → Market Perform | — | $17.22 | $17.12 | -0.6% | +0.5% | +2.0% | +2.4% | +0.9% | +1.2% |
No insider trades available.
8-K · 7.01
! Medium
Mercantile Bank Corp -- 8-K 7.01: Regulation FD Disclosure
Mercantile Bank Corp will present first-quarter 2026 results and operational updates during an April 21 conference call, with presentation materials available for investor and analyst communications.
Apr 21
8-K · 5.02
!!! Very High
Unknown — 8-K 5.02: Executive Change
The filing is incomplete and doesn't clearly identify the executive change at Mercantile Bank, making it impossible to assess whether this leadership transition positively or negatively impacts shareholder value or management continuity.
Mar 19
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Vanguard Capital Management Llc | 704,324 | $36M | New | Mar 2026 |
| 2 | Renaissance Technologies Llc | 472,213 | $24M | Reduced | Mar 2026 |
| 3 | North Star Asset Management Inc | 383,180 | $19M | Added | Mar 2026 |
| 4 | Morgan Stanley | 319,228 | $15M | Reduced | Dec 2025 |
| 5 | Vanguard Portfolio Management Llc | 275,321 | $14M | New | Mar 2026 |
| 6 | Northern Trust Corp | 232,600 | $12M | Added | Mar 2026 |
| 7 | Tributary Capital Management, Llc | 231,259 | $11M | New | Dec 2025 |
| 8 | Two Sigma Investments, Lp | 181,647 | $9M | Added | Mar 2026 |
| 9 | Jpmorgan Chase & Co | 148,858 | $7M | Reduced | Mar 2026 |
| 10 | Aqr Capital Management Llc | 146,713 | $7M | Reduced | Mar 2026 |
| 11 | Proshare Advisors Llc | 125,631 | $6M | Reduced | Mar 2026 |
| 12 | Banc Funds Co Llc | 130,841 | $6M | Reduced | Dec 2025 |
| 13 | Bank Of New York Mellon Corp | 92,659 | $5M | — | Mar 2026 |
| 14 | Siena Capital Partners Gp, Llc | 83,966 | $4M | — | Mar 2026 |
| 15 | De Lisle Partners Llp | 75,649 | $4M | — | Mar 2026 |
| 16 | Jvl Associates Llc | 65,508 | $3M | Added | Mar 2026 |
| 17 | Arrowstreet Capital, Limited Partnership | 64,904 | $3M | Reduced | Mar 2026 |
| 18 | Franklin Resources Inc | 53,083 | $3M | Added | Mar 2026 |
| 19 | Elizabeth Park Capital Advisors, Ltd. | 50,971 | $3M | — | Mar 2026 |
| 20 | Connor, Clark & Lunn Investment Management Ltd. | 52,764 | $3M | Reduced | Dec 2025 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$874.2M
Enterprise Value
-$107.8M
P/E (TTM)
9.84x
Forward P/E
9.86x
PEG Ratio
0.82x
P/B
1.21x
P/S
2.35x
P/FCF
77.99x
EV/EBITDA
-1.01x
Shares Out
16.3M
Financials (TTM)
Revenue
$371.8M
Net Income
$88.8M
EBITDA
$106.5M
Free Cash Flow
$11.2M
Op Cash Flow
$18.0M
EPS Basic
$5.46
EPS Diluted
$5.46
EPS Forward
$5.45
Gross Margin
64.0%
Op Margin
27.5%
Net Margin
23.9%
Balance Sheet
Total Assets
$6.84B
Total Liab.
$6.11B
Total Equity
$724.9M
Cash
$1.58B
LT Debt
$593.6M
Book Value/Sh
$44.57
Debt/Equity
1.14x
Current Ratio
0.29
Quick Ratio
0.29
Returns & Growth
ROE
12.2%
ROA
1.3%
ROIC
5.7%
Rev Growth YoY
+2.7%
EPS Growth YoY
+10.8%
Price Returns
2W
+3.7%
1M
+3.3%
3M
+2.6%
6M
+15.2%
12M
+20.0%
Technicals
52W High
$55.20
52W Low
$43.14
50d MA
$52.35
200d MA
$49.53
RSI (14)
53.20
ATR (14)
$1.46
Beta
0.87
Avg Volume
134K
Dividends
Div Rate
$1.47
Div Yield
2.8%
Frequency
4
Ex-Div Date
Jun 5, 2026
Analyst Price Targets
Consensus
$57.00
High
$57.00
Low
$57.00
Median
$57.00
Data updated apr 25, 2026 8:52pm
· Source: financialmodelingprep.com