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  1. MARKETS
  2. SECTOR : BANKING AND FINANCE
  3. INDUSTRY : REGIONAL BANKS
  4. MERCANTILE BANK CORP.

Mercantile Bank Corp. XNAS: MBWM

Mercantile Bank Corp. Live Share Price Today, Share Analysis and Chart

Risky Value
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45.37 1.12 (2.53%)

35.59% Gain from 52W Low

56,217 XNAS Volume

XNAS 24 Mar, 2025 5:30 PM (EDT)

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Mercantile Bank Corp. Key Metrics

Default

Market Capitalization

Below industry Median
736.4

PE TTM

Low in industry
9.3

PEG TTM

Negative PEG TTM
-2.9

Price to Book

Below industry Median
1.3

Institutional holding current Qtr %

Below industry Median
63.5

Revenue Growth Qtr YoY %

Below industry Median
2.8

Operating Revenue growth TTM %

Below industry Median
2.6

Net Profit Qtr Growth YoY %

Negative Net Profit Qtr Growth YoY %
-2

Net Profit TTM Growth %

Negative Net Profit TTM Growth %
-3.2

Piotroski Score

Below industry Median
2

Rel Perf vs Sector quarter%

-6.3
All financials are in USD Million and price data in USD
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Durability score
Low Financial Strength
22.2 / 100
Valuation Score
Affordable Valuation
51.3 / 100
Momentum Score
Technically Neutral
52.9 / 100
Risky Value These stocks are with poor quality and weak financial aspects, with medium momentum. Good valuation may attract more investors as they are affordably priced. View Similar Embed DVM
Analyst Price Target
53
1Yr Price target upside is 17%
4 analysts

18

S

2

W

2

O

1

T

SWOT Analysis

Mercantile Bank Corp. Live Price Chart

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Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Created with Highcharts 7.2.2Dec '22Dec '23Dec '24Dec '25Dec '26150200250300Actual RevenueAvg. Estimate
Hit

Mercantile Bank Corp.'s Revenue was higher than average estimate 3 times in past 3 years

EPS forecast

Current EPS
4.9
Avg. Estimate
4.8
Low Estimate
4.7
High Estimate
5
Current EPS
Avg. Estimate
Miss

EPS is expected to reduce by 2.0% in FY25

Consensus Recommendation

4 ANALYST Recommendations
BUY

Created with Highcharts 7.2.22Hold1Buy1Strong Buy

The consensus recommendation from 4 analysts for Mercantile Bank Corp. is BUY

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Mercantile Bank Corp. Stock Analysis

Mercantile Bank Corp. stock analysis with key metrics, changes, and trends.

Mercantile Bank Corp. MetricVALUECHANGE %TRENDANALYSIS
Annual Revenue$231.48 M2.56%positive

Annual Revenue rose 2.56%, in the last year to $231.48 M. Its sector's average revenue growth for the last fiscal year was 10.3%.

Annual Net Profit$79.59 M3.19%negative

Annual Net Profit fell 3.19% in the last year to $79.59 M. Its sector's average net profit growth for the last fiscal year was 18.23%.

Price to Earning Ratio9.25-positive

Price to Earning Ratio is 9.25, lower than its sector PE ratio of 14.04.

Stock Price$45.3722.99%negative

Stock Price rose 22.99% and underperformed its sector by 2.74% in the past year.

Quarterly Revenue$58.53 M2.78%positive

Quarterly Revenue rose 2.78% YoY to $58.53 M. Its sector's average revenue growth YoY for the quarter was -2.47%.

Quarterly Net profit$19.63 M2.02%negative

Quarterly Net profit fell 2.02% YoY to $19.63 M. Its sector's average net profit growth YoY for the quarter was 36.26%.

Mutual Fund Holding114.96 %68.8%positive

Mutual Fund Holding increased by 68.8% in the last quarter to 114.96.

Promoter Share Holding2.27 %0.45%positive

Promoter Share Holding increased by 0.45% in the most recent quarter to 2.27%.

Institutional Holding63.55 %0%neutral

Institutional Holding remained the same in the last quarter at 63.55%.

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Mercantile Bank Corp. - Company Profile

What does Mercantile Bank Corp. do?

Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Mercantile Bank Corp. Management structure

All Gross Remunerations are in USD
Mr. Raymond E. Reitsma
Director; President and Chief Executive Officer of Company and Bank
-
2024
Gross Remuneration
Year
Mr. Scott P. Setlock
Executive Vice President, Chief Operating Officer and Secretary of the Company and of Bank
-
2024
Gross Remuneration
Year
Mr. Brett E. Hoover
Senior Vice President, Chief Human Resource Officer of the Company and the Bank
-
2024
Gross Remuneration
Year
Mr. Charles E. Christmas
Treasurer; Executive Vice President and Chief Financial Officer of the Company and the Bank
-
2024
Gross Remuneration
Year

Mercantile Bank Corp. Board of directors

All Gross Remunerations are in USD
Mr. Robert B. Kaminski, Jr
Director
-
2024
Gross Remuneration
Year
Mr. David M. Cassard
Independent Director
-
2024
Gross Remuneration
Year
Mr. Raymond E. Reitsma
Director; President and Chief Executive Officer of
-
2024
Gross Remuneration
Year
Mr. Nelson F. Sanchez
Independent Director
-
2024
Gross Remuneration
Year
Mr. David B. Ramaker
Independent Director
-
2024
Gross Remuneration
Year
Mr. Michael H. Price
Chairman of the Board of the Company and Bank
-
2024
Gross Remuneration
Year

Mercantile Bank Corp. FAQ

How is Mercantile Bank Corp. today?
Mercantile Bank Corp. today is trading in the green, and is up by 2.53% at 45.37.
Mercantile Bank Corp. is currently trading up 2.53% on an intraday basis. In the past week the stock rose 1.48%. stock has been up 0.64% in the past quarter and rose 22.99% in the past year. You can view this in the overview section.