What is Mercantile Bank Corp share price today?

Mercantile Bank Corp (MBWM) share price today is {{live_price}}.

Can Indians buy Mercantile Bank Corp shares?

Yes, Indians can invest in the Mercantile Bank Corp (MBWM) from India. With INDmoney, you can buy Mercantile Bank Corp at 0 brokerage. The step-by-step process is as follows: Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes) Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates. Once funds are transferred successfully, you can buy Mercantile Bank Corp at zero transaction cost.

How can I buy Mercantile Bank Corp shares from India?

It is very easy to buy Mercantile Bank Corp from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Mercantile Bank Corp be purchased?

Yes, you can buy fractional shares of Mercantile Bank Corp with INDmoney app.

What are the documents required to start investing in Mercantile Bank Corp stocks?

To start investing in Mercantile Bank Corp, You will need the following documents: Proof of Identification (PAN, Aadhaar etc) Proof of address (Aadhaar, Voter ID etc) These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.

What are today’s High and Low prices of Mercantile Bank Corp

Today’s highest price of Mercantile Bank Corp (MBWM) is {{1_rba_end}}. Today’s lowest price of Mercantile Bank Corp (MBWM) is {{1_rba_st}}.

What is today's market capitalisation of Mercantile Bank Corp

Today's market capitalisation of Mercantile Bank Corp MBWM is 691.5M

What is the 52 Week High and Low Range of Mercantile Bank Corp

52 Week High {{rba_end}} 52 Week Low {{rba_st}}

How much percentage Mercantile Bank Corp is down from its 52 Week High?

Mercantile Bank Corp (MBWM) share price is {{live_price}}. It is down by {{w52lu}}% from its 52 Week High price of {{rba_end}}.

How much percentage Mercantile Bank Corp is up from its 52 Week low?

Mercantile Bank Corp (MBWM) share price is {{live_price}}. It is up by {{w52hd}}% from its 52 Week Low price of {{rba_st}}.

What are the historical returns of Mercantile Bank Corp?

1 Month Returns {{1mr}}% 3 Months Returns {{3mr}}% 1 Year Returns {{1yr}}% 5 Years Returns {{5yr}}%

Who is the Chief Executive Officer (CEO) of Mercantile Bank Corp

Mr. Raymond E. Reitsma is the current Chief Executive Officer (CEO) of Mercantile Bank Corp.

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Mercantile Bank Corp

Mercantile Bank Corp (MBWM)

$42.85

-1.36

(-3.08%)▲

Market is closed - opens 7 PM, 09 Sep 2024

Performance

$42.46
$44.22
$42.85
0.91%
Downside
Day's Volatility :3.97%
Upside
3.09%
$30.12
$51.21
$42.85
29.7%
Downside
52 Weeks Volatility :41.18%
Upside
16.32%

Returns

Period	Mercantile Bank Corp	Sector (Financials)	Index (Russel 2000)
3 Months	18.21%	6.8%	0.0%
6 Months	15.1%	9.0%	0.0%
1 Year	30.05%	29.1%	0.0%
3 Years	41.89%	17.3%	-21.4%

Highlights

Market Capitalization	691.5M
Book Value	$34.15
Dividend Share	1.38
Dividend Yield	3.36%
Earnings Per Share (EPS)	5.05
PE Ratio	8.49
PEG Ratio	2.51
Wall Street Target Price	49.75

Profit Margin	36.88%
Operating Margin TTM	44.17%

Return On Assets TTM	1.51%
Return On Equity TTM	15.78%

Revenue TTM	220.2M
Revenue Per Share TTM	13.7
Quarterly Revenue Growth YOY	0.1%
Gross Profit TTM	183.0M
Diluted Eps TTM	5.05
Quarterly Earnings Growth YOY	-0.08

EPS Estimate Current Year	4.81
EPS Estimate Next Year	4.45
EPS Estimate Current Quarter	1.15
EPS Estimate Next Quarter	1.15

Analyst Recommendation

Buy

70%Buy

30%Hold

0%Sell

Based on 10 Wall street analysts offering stock ratings for Mercantile Bank Corp(by analysts ranked 0 to 5 stars)

Based on 10 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast

What analysts predicted

Upside of 16.1%

Current $42.85

Target $49.75

Company Financials

	FY18	Y/Y Change
Revenue	139.1M	↑ 8.03%
Net Income	42.0M	↑ 34.37%
Net Profit Margin	30.21%	↑ 5.92%

	FY19	Y/Y Change
Revenue	151.5M	↑ 8.91%
Net Income	49.5M	↑ 17.69%
Net Profit Margin	32.65%	↑ 2.44%

	FY20	Y/Y Change
Revenue	167.4M	↑ 10.51%
Net Income	44.1M	↓ 10.75%
Net Profit Margin	26.36%	↓ 6.29%

	FY21	Y/Y Change
Revenue	179.2M	↑ 7.05%
Net Income	59.0M	↑ 33.72%
Net Profit Margin	32.93%	↑ 6.57%

	FY22	Y/Y Change
Revenue	190.3M	↑ 6.19%
Net Income	61.1M	↑ 3.46%
Net Profit Margin	32.08%	↓ 0.85%

	FY23	Y/Y Change
Revenue	303.5M	↑ 59.47%
Net Income	82.2M	↑ 34.64%
Net Profit Margin	27.09%	↓ 4.99%

	Q1 FY23	Q/Q Change
Revenue	55.3M	↓ 5.35%
Net Income	21.0M	↓ 3.8%
Net Profit Margin	37.9%	↑ 0.61%

	Q2 FY23	Q/Q Change
Revenue	55.2M	↓ 0.25%
Net Income	20.4M	↓ 2.94%
Net Profit Margin	36.88%	↓ 1.02%

	Q3 FY23	Q/Q Change
Revenue	58.2M	↑ 5.46%
Net Income	20.9M	↑ 2.45%
Net Profit Margin	35.83%	↓ 1.05%

	Q4 FY23	Q/Q Change
Revenue	73.8M	↑ 26.79%
Net Income	20.0M	↓ 3.96%
Net Profit Margin	27.14%	↓ 8.69%

	Q1 FY24	Q/Q Change
Revenue	87.6M	↑ 18.68%
Net Income	21.6M	↑ 7.65%
Net Profit Margin	24.62%	↓ 2.52%

	Q2 FY24	Q/Q Change
Revenue	88.6M	↑ 1.11%
Net Income	18.8M	↓ 12.87%
Net Profit Margin	21.21%	↓ 3.41%

	FY18	Y/Y Change
Total Assets	3.4B	↑ 2.35%
Total Liabilities	3.0B	↑ 2.32%

	FY19	Y/Y Change
Total Assets	3.6B	↑ 8.0%
Total Liabilities	3.2B	↑ 7.62%

	FY20	Y/Y Change
Total Assets	4.4B	↑ 22.14%
Total Liabilities	4.0B	↑ 24.23%

	FY21	Y/Y Change
Total Assets	5.3B	↑ 18.49%
Total Liabilities	4.8B	↑ 20.16%

	FY22	Y/Y Change
Total Assets	4.9B	↓ 7.32%
Total Liabilities	4.4B	↓ 7.71%

	FY23	Y/Y Change
Total Assets	5.4B	↑ 10.0%
Total Liabilities	4.8B	↑ 9.18%

	Q1 FY23	Q/Q Change
Total Assets	4.9B	↑ 0.48%
Total Liabilities	4.4B	↓ 0.06%

	Q2 FY23	Q/Q Change
Total Assets	5.1B	↑ 4.94%
Total Liabilities	4.7B	↑ 5.2%

	Q3 FY23	Q/Q Change
Total Assets	5.3B	↑ 2.21%
Total Liabilities	4.8B	↑ 2.34%

	Q4 FY23	Q/Q Change
Total Assets	5.4B	↑ 2.08%
Total Liabilities	4.8B	↑ 1.47%

	Q1 FY24	Q/Q Change
Total Assets	5.5B	↑ 1.98%
Total Liabilities	4.9B	↑ 1.89%

	Q2 FY24	Q/Q Change
Total Assets	5.6B	↑ 2.5%
Total Liabilities	5.1B	↑ 2.47%

	FY18	Y/Y Change
Operating Cash Flow	61.7M	↑ 59.67%
Investing Cash Flow	-210.5M	↑ 9.93%
Financing Cash Flow	24.0M	↓ 85.83%

	FY19	Y/Y Change
Operating Cash Flow	44.8M	↓ 27.49%
Investing Cash Flow	-92.8M	↓ 55.89%
Financing Cash Flow	206.4M	↑ 760.34%

	FY20	Y/Y Change
Operating Cash Flow	37.9M	↓ 15.39%
Investing Cash Flow	-398.8M	↑ 329.57%
Financing Cash Flow	753.2M	↑ 264.84%

	FY21	Y/Y Change
Operating Cash Flow	64.6M	↑ 70.48%
Investing Cash Flow	-495.5M	↑ 24.25%
Financing Cash Flow	780.1M	↑ 3.57%

	FY22	Y/Y Change
Operating Cash Flow	119.9M	↑ 85.62%
Investing Cash Flow	-555.0M	↑ 12.01%
Financing Cash Flow	-443.3M	↓ 156.82%

	Q1 FY23	Q/Q Change
Operating Cash Flow	18.1M	↓ 51.27%
Investing Cash Flow	-57.1M	↑ 9.87%
Financing Cash Flow	237.0K	↓ 100.14%

	Q2 FY23	Q/Q Change
Operating Cash Flow	19.4M	↑ 7.4%
Investing Cash Flow	-88.2M	↑ 54.35%
Financing Cash Flow	218.6M	↑ 92155.27%

Technicals Summary

Sell

Neutral

Buy

Mercantile Bank Corp is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Mercantile Bank Corp	0.99%	15.1%	30.05%	41.89%	35.52%
Nu Holdings Ltd.	15.22%	23.76%	101.17%	32.62%	32.62%
Icici Bank Ltd.	1.49%	9.09%	22.0%	45.64%	160.82%
Pnc Financial Services Group, Inc.	3.77%	17.54%	51.12%	-7.83%	29.65%
U.s. Bancorp	6.54%	2.84%	23.21%	-19.61%	-18.98%
Itaú Unibanco Holding S.a.	9.44%	-3.36%	23.78%	49.05%	-24.72%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Mercantile Bank Corp	8.49	8.49	2.51	4.81	0.16	0.02	0.03	34.15
Nu Holdings Ltd.	44.19	44.19	NA	0.42	0.24	0.04	NA	1.45
Icici Bank Ltd.	18.91	18.91	0.0	1.36	0.18	0.02	0.01	387.52
Pnc Financial Services Group, Inc.	15.18	15.18	3.88	13.12	0.1	0.01	0.04	116.71
U.s. Bancorp	14.44	14.44	1.12	3.89	0.1	0.01	0.04	31.79
Itaú Unibanco Holding S.a.	9.87	9.87	1.19	0.79	0.19	0.01	0.03	19.79

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Mercantile Bank Corp	Buy	$691.5M	35.52%	8.49	36.88%
Nu Holdings Ltd.	Buy	$65.6B	32.62%	44.19	31.18%
Icici Bank Ltd.	Buy	$101.3B	160.82%	18.91	26.87%
Pnc Financial Services Group, Inc.	Buy	$71.9B	29.65%	15.18	25.53%
U.s. Bancorp	Hold	$71.1B	-18.98%	14.44	21.08%
Itaú Unibanco Holding S.a.	Buy	$60.8B	-24.72%	9.87	27.97%

Insights on Mercantile Bank Corp

Increasing Revenue
Revenue is up for the last 5 quarters, 55.19M → 88.56M (in $), with an average increase of 10.8% per quarter
Decreasing Net Profit
Netprofit is down for the last 2 quarters, 21.56M → 18.78M (in $), with an average decrease of 12.9% per quarter
Vs NU
In the last 1 year, Nu Holdings Ltd. has given 101.2% return, outperforming this stock by 71.2%