MBWM

Mercantile Bank Corporation NASDAQ

Financial Services ·Banks - Regional ·US · mercbank.com

$51.08

After hrs $51.99 +0.00%

Mkt Cap $882.4M

52w Low $42.17 65.5% of range 52w High $55.77

50d MA $51.42 200d MA $48.67

P/E (TTM) 9.5x

EV/EBITDA 10.7x

P/B 1.2x

Debt/Equity 1.1x

ROE 12.2%

P/FCF 69.8x

RSI (14) —

ATR (14) —

Beta 0.87

50d MA $51.42

200d MA $48.67

Avg Volume 109.8K

About

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…

Recent Earnings

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%	-1.5%	-1.6%	-0.3%	+1.1%	—
Jan 20, 2026	AMC	1.37	1.40	+2.2%	50.63	+1.1%	+5.8%	+5.3%	+1.0%	+0.8%	+0.5%	—
Oct 21, 2025	AMC	1.38	1.46	+5.8%	44.91	+0.1%	+0.8%	+0.0%	+1.4%	-0.3%	-0.2%	—
Jul 22, 2025	AMC	1.23	1.39	+13.0%	47.86	+1.5%	+2.2%	+0.3%	-0.3%	-0.3%	-1.1%	—
Apr 22, 2025	AMC	1.19	1.21	+1.7%	41.67	+0.8%	-0.3%	+1.0%	+0.4%	+1.3%	+3.1%	—
Jan 21, 2025	AMC	1.15	1.22	+6.1%	46.76	+1.0%	+3.8%	+2.6%	+5.2%	+7.1%	+4.2%	—
Oct 15, 2024	AMC	1.17	1.22	+4.3%	44.59	+1.6%	+4.2%	+4.1%	+1.8%	-2.8%	-1.6%	—
Jul 16, 2024	AMC	1.16	1.17	+0.9%	49.44	-3.4%	+0.2%	-3.2%	-3.0%	-1.3%	-0.7%	—
Apr 16, 2024	AMC	1.14	1.34	+17.5%	34.14	+0.0%	-1.5%	+1.1%	+5.7%	+6.8%	+8.2%	—
Jan 16, 2024	AMC	1.24	1.25	+0.8%	37.13	+0.4%	+2.4%	+4.2%	+5.2%	+11.2%	+9.0%	—
Oct 17, 2023	AMC	1.15	1.30	+13.0%	33.03	-0.1%	-2.0%	-2.5%	-4.9%	-4.8%	-5.7%	—
Jul 18, 2023	AMC	1.10	1.27	+15.5%	33.03	+0.7%	+3.1%	+2.7%	+2.4%	+2.8%	+2.8%	—

Recent Analyst Ratings

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%	+5.3%	+1.0%	+0.8%	+0.5%
Jan 7	Raymond James	Maintains	Outperform → Outperform	—	$48.76	$49.04	+0.6%	-0.0%	+3.0%	+0.4%	-0.2%	-0.2%
Oct 22	Raymond James	Maintains	Outperform → Outperform	—	$44.91	$44.95	+0.1%	+0.8%	+0.0%	+1.4%	-0.3%	-0.2%
Jul 24	Raymond James	Upgrade	Market Perform → Outperform	—	$48.91	$49.44	+1.1%	-1.9%	-2.5%	-2.4%	-3.3%	-5.7%
Jul 23	Piper Sandler	Maintains	Neutral → Neutral	—	$47.86	$48.58	+1.5%	+2.2%	+0.3%	-0.3%	-0.3%	-1.1%
Jul 23	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$47.86	$48.58	+1.5%	+2.2%	+0.3%	-0.3%	-0.3%	-1.1%
Apr 23	Piper Sandler	Maintains	Neutral → Neutral	—	$41.67	$42.02	+0.8%	-0.3%	+1.0%	+0.4%	+1.3%	+3.1%
Jan 22	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$46.76	$47.24	+1.0%	+3.8%	+2.6%	+5.2%	+7.1%	+4.2%
Dec 4	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$49.99	$49.81	-0.4%	+1.7%	+1.2%	+1.0%	-0.3%	+0.5%
Jul 17	Piper Sandler	Maintains	Neutral → Neutral	—	$49.44	$47.77	-3.4%	+0.2%	-3.2%	-3.0%	-1.3%	-0.7%
Jul 17	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$49.44	$47.77	-3.4%	+0.2%	-3.2%	-3.0%	-1.3%	-0.7%
Apr 17	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$34.14	$34.14	+0.0%	-1.5%	+1.1%	+5.7%	+6.8%	+8.2%
Mar 7	Piper Sandler	Upgrade	Neutral → Overweight	—	$34.09	$35.48	+4.1%	+2.1%	+2.3%	-2.3%	-4.2%	-11.5%
Jan 18	Raymond James	Downgrade	Outperform → Market Perform	—	$36.59	$34.82	-4.8%	-9.2%	-10.1%	-8.8%	-6.7%	-7.4%
Oct 19	Raymond James	Maintains	Outperform → Outperform	—	$32.15	$32.40	+0.8%	+4.2%	+0.1%	+1.7%	+3.4%	+3.5%
Oct 6	Raymond James	Downgrade	Strong Buy → Outperform	—	$31.77	$30.93	-2.6%	-1.8%	-4.3%	-3.4%	-3.1%	-3.7%
Mar 2	Raymond James	Upgrade	Outperform → Strong Buy	—	$35.58	$36.33	+2.1%	+5.5%	+5.5%	+3.2%	+1.5%	+0.5%
Jan 19	Raymond James	Upgrade	Market Perform → Outperform	—	$38.64	$40.01	+3.5%	+0.8%	-1.3%	-1.1%	-0.1%	+1.5%
Sep 29	Piper Sandler	Maintains	Neutral → Neutral	—	$18.22	$18.03	-1.0%	-2.3%	-1.1%	+2.0%	+7.6%	+10.0%
Jul 18	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$36.65	$36.40	-0.7%	-1.2%	-0.5%	-0.6%	+1.3%	+0.4%
Jul 18	Keefe Bruyette & Woods	Maintains	Outperform → Outperform	—	$36.65	$36.40	-0.7%	-1.2%	-0.5%	-0.6%	+1.3%	+0.4%
Mar 1	Keefe, Bruyette & Woods	Upgrade	Market Perform → Outperform	—	$33.10	$33.70	+1.8%	+3.3%	+5.0%	+5.4%	+6.6%	+8.5%
Mar 1	Keefe Bruyette & Woods	Upgrade	Market Perform → Outperform	—	$33.10	$33.70	+1.8%	+3.3%	+5.0%	+5.4%	+6.6%	+8.5%
Sep 28	DA Davidson	Downgrade	Buy → Neutral	—	$35.63	$34.21	-4.0%	-0.7%	-2.0%	-0.4%	-0.8%	-2.4%
Sep 11	DA Davidson	Upgrade	Neutral → Buy	—	$29.27	$30.45	+4.0%	+5.0%	+6.1%	+5.8%	+5.6%	+6.5%
Jul 6	DA Davidson	Maintains	Neutral → Neutral	—	$32.56	$32.48	-0.2%	-2.3%	-0.8%	-2.3%	-3.6%	-1.7%
Jan 18	Raymond James	Maintains	Market Perform → Perform	—	$35.49	$35.00	-1.4%	-6.6%	-9.4%	-8.2%	-7.7%	-5.7%
Nov 29	Keefe, Bruyette & Woods	Downgrade	Outperform → Market Perform	—	$33.24	$32.85	-1.2%	-0.8%	-1.3%	-1.0%	-2.0%	-0.1%
Nov 29	Keefe Bruyette & Woods	Downgrade	Outperform → Market Perform	—	$33.24	$32.85	-1.2%	-0.8%	-1.3%	-1.0%	-2.0%	-0.1%
Aug 25	Raymond James	Upgrade	Market Perform → Outperform	—	$19.57	$20.14	+2.9%	-0.1%	+3.8%	+3.2%	+3.2%	+3.7%
Apr 22	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$20.70	$20.59	-0.5%	-0.9%	-0.8%	-0.8%	-1.1%	-0.9%
Apr 22	Keefe Bruyette & Woods	Maintains	Outperform → Outperform	—	$20.70	$20.59	-0.5%	-0.9%	-0.8%	-0.8%	-1.1%	-0.9%
Jan 21	Keefe, Bruyette & Woods	Maintains	Outperform → Outperform	—	$19.29	$19.25	-0.2%	-0.9%	-1.0%	-1.8%	-0.7%	-1.8%
Jan 21	Keefe Bruyette & Woods	Maintains	Outperform → Outperform	—	$19.29	$19.25	-0.2%	-0.9%	-1.0%	-1.8%	-0.7%	-1.8%
Aug 15	Sandler O'Neill	Maintains	Buy → Buy	—	$19.51	$19.81	+1.5%	+2.2%	+1.9%	+0.8%	-0.9%	-0.7%
Aug 8	Keefe, Bruyette & Woods	Upgrade	Market Perform → Outperform	—	$18.82	$19.06	+1.3%	+5.6%	+6.1%	+4.9%	+5.5%	+3.7%
Aug 8	Keefe Bruyette & Woods	Upgrade	Market Perform → Outperform	—	$18.82	$19.06	+1.3%	+5.6%	+6.1%	+4.9%	+5.5%	+3.7%
Sep 25	DA Davidson	Maintains	Neutral → Neutral	—	$21.19	$21.09	-0.5%	+3.3%	+1.5%	+1.5%	+2.8%	+1.9%
Mar 22	FIG Partners	Maintains	Outperform → Outperform	—	$16.54	$16.74	+1.2%	+0.6%	+2.4%	+2.3%	+2.1%	-0.2%
Jun 25	Raymond James	Downgrade	Outperform → Market Perform	—	$17.22	$17.12	-0.6%	+0.5%	+2.5%	+4.9%	+5.9%	+7.1%

Recent Filings

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

Data updated apr 25, 2026 8:52pm · Source: massive.com