Mercantile Bank Corp (MBWM)

$36.23

-0.66

(-1.79%)▲

Live

Insights on Mercantile Bank Corp

  • Increasing Revenue

    Revenue is up for the last 4 quarters, 55.19M → 87.59M (in $), with an average increase of 14.0% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 2 quarters, 20.03M → 21.56M (in $), with an average increase of 7.1% per quarter

  • Vs NU

    In the last 1 year, Nu Holdings Ltd. has given 118.9% return, outperforming this stock by 84.8%

Performance

  • $36.05
    $36.68
    $36.23
    downward going graph

    0.5%

    Downside

    Day's Volatility :1.7%

    Upside

    1.21%

    downward going graph
  • $21.96
    $42.00
    $36.23
    downward going graph

    39.39%

    Downside

    52 Weeks Volatility :47.71%

    Upside

    13.74%

    downward going graph

Returns

PeriodMercantile Bank CorpSector (Financials)Index (Russel 2000)
3 Months
-10.31%
6.8%
0.0%
6 Months
15.97%
28.1%
0.0%
1 Year
34.1%
26.3%
1.3%
3 Years
15.03%
16.2%
-22.1%

Highlights

Market Capitalization
595.7M
Book Value
$33.28
Dividend Share
1.36
Dividend Yield
3.79%
Earnings Per Share (EPS)
5.13
PE Ratio
7.2
PEG Ratio
2.51
Wall Street Target Price
41.67
Profit Margin
37.61%
Operating Margin TTM
48.64%
Return On Assets TTM
1.6%
Return On Equity TTM
16.5%
Revenue TTM
220.2M
Revenue Per Share TTM
13.72
Quarterly Revenue Growth YOY
4.0%
Gross Profit TTM
183.0M
Diluted Eps TTM
5.13
Quarterly Earnings Growth YOY
0.02
EPS Estimate Current Year
4.78
EPS Estimate Next Year
4.44
EPS Estimate Current Quarter
1.14
EPS Estimate Next Quarter
1.16

Analyst Recommendation

Buy
    70%Buy
    30%Hold
    0
    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
7
8
8
Hold
3
3
3
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 15.02%

Current $36.23
Target $41.67

Company Financials

FY18Y/Y Change
Revenue
139.1M
↑ 8.03%
Net Income
42.0M
↑ 34.37%
Net Profit Margin
30.21%
↑ 5.92%
FY19Y/Y Change
Revenue
151.5M
↑ 8.91%
Net Income
49.5M
↑ 17.69%
Net Profit Margin
32.65%
↑ 2.44%
FY20Y/Y Change
Revenue
167.4M
↑ 10.51%
Net Income
44.1M
↓ 10.75%
Net Profit Margin
26.36%
↓ 6.29%
FY21Y/Y Change
Revenue
179.2M
↑ 7.05%
Net Income
59.0M
↑ 33.72%
Net Profit Margin
32.93%
↑ 6.57%
FY22Y/Y Change
Revenue
190.3M
↑ 6.19%
Net Income
61.1M
↑ 3.46%
Net Profit Margin
32.08%
↓ 0.85%
FY23Y/Y Change
Revenue
303.5M
↑ 59.47%
Net Income
82.2M
↑ 34.64%
Net Profit Margin
27.09%
↓ 4.99%
Q4 FY22Q/Q Change
Revenue
58.5M
↑ 17.8%
Net Income
21.8M
↑ 36.01%
Net Profit Margin
37.29%
↑ 4.99%
Q1 FY23Q/Q Change
Revenue
55.3M
↓ 5.35%
Net Income
21.0M
↓ 3.8%
Net Profit Margin
37.9%
↑ 0.61%
Q2 FY23Q/Q Change
Revenue
55.2M
↓ 0.25%
Net Income
20.4M
↓ 2.94%
Net Profit Margin
36.88%
↓ 1.02%
Q3 FY23Q/Q Change
Revenue
58.2M
↑ 5.46%
Net Income
20.9M
↑ 2.45%
Net Profit Margin
35.83%
↓ 1.05%
Q4 FY23Q/Q Change
Revenue
73.8M
↑ 26.79%
Net Income
20.0M
↓ 3.96%
Net Profit Margin
27.14%
↓ 8.69%
Q1 FY24Q/Q Change
Revenue
87.6M
↑ 18.68%
Net Income
21.6M
↑ 7.65%
Net Profit Margin
24.62%
↓ 2.52%
FY18Y/Y Change
Total Assets
3.4B
↑ 2.35%
Total Liabilities
3.0B
↑ 2.32%
FY19Y/Y Change
Total Assets
3.6B
↑ 8.0%
Total Liabilities
3.2B
↑ 7.62%
FY20Y/Y Change
Total Assets
4.4B
↑ 22.14%
Total Liabilities
4.0B
↑ 24.23%
FY21Y/Y Change
Total Assets
5.3B
↑ 18.49%
Total Liabilities
4.8B
↑ 20.16%
FY22Y/Y Change
Total Assets
4.9B
↓ 7.32%
Total Liabilities
4.4B
↓ 7.71%
FY23Y/Y Change
Total Assets
5.4B
↑ 10.0%
Total Liabilities
4.8B
↑ 9.18%
Q4 FY22Q/Q Change
Total Assets
4.9B
↓ 2.88%
Total Liabilities
4.4B
↓ 3.68%
Q1 FY23Q/Q Change
Total Assets
4.9B
↑ 0.48%
Total Liabilities
4.4B
↓ 0.06%
Q2 FY23Q/Q Change
Total Assets
5.1B
↑ 4.94%
Total Liabilities
4.7B
↑ 5.2%
Q3 FY23Q/Q Change
Total Assets
5.3B
↑ 2.21%
Total Liabilities
4.8B
↑ 2.34%
Q4 FY23Q/Q Change
Total Assets
5.4B
↑ 2.08%
Total Liabilities
4.8B
↑ 1.47%
Q1 FY24Q/Q Change
Total Assets
5.5B
↑ 1.98%
Total Liabilities
4.9B
↑ 1.89%
FY18Y/Y Change
Operating Cash Flow
61.7M
↑ 59.67%
Investing Cash Flow
-210.5M
↑ 9.93%
Financing Cash Flow
24.0M
↓ 85.83%
FY19Y/Y Change
Operating Cash Flow
44.8M
↓ 27.49%
Investing Cash Flow
-92.8M
↓ 55.89%
Financing Cash Flow
206.4M
↑ 760.34%
FY20Y/Y Change
Operating Cash Flow
37.9M
↓ 15.39%
Investing Cash Flow
-398.8M
↑ 329.57%
Financing Cash Flow
753.2M
↑ 264.84%
FY21Y/Y Change
Operating Cash Flow
64.6M
↑ 70.48%
Investing Cash Flow
-495.5M
↑ 24.25%
Financing Cash Flow
780.1M
↑ 3.57%
FY22Y/Y Change
Operating Cash Flow
119.9M
↑ 85.62%
Investing Cash Flow
-555.0M
↑ 12.01%
Financing Cash Flow
-443.3M
↓ 156.82%
Q3 FY22Q/Q Change
Operating Cash Flow
32.8M
↑ 48.34%
Investing Cash Flow
-166.6M
↓ 10.08%
Financing Cash Flow
-61.3M
↓ 52.09%
Q4 FY22Q/Q Change
Operating Cash Flow
37.1M
↑ 13.03%
Investing Cash Flow
-52.0M
↓ 68.79%
Financing Cash Flow
-172.3M
↑ 181.14%
Q1 FY23Q/Q Change
Operating Cash Flow
18.1M
↓ 51.27%
Investing Cash Flow
-57.1M
↑ 9.87%
Financing Cash Flow
237.0K
↓ 100.14%
Q2 FY23Q/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.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Mercantile Bank Corp
Mercantile Bank Corp
0.05%
15.97%
34.1%
15.03%
10.48%
Nu Holdings Ltd.
Nu Holdings Ltd.
-11.5%
34.96%
118.9%
4.26%
4.26%
Icici Bank Ltd.
Icici Bank Ltd.
1.24%
18.83%
17.6%
64.3%
132.39%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
1.95%
42.03%
27.78%
-12.31%
17.74%
U.s. Bancorp
U.s. Bancorp
-4.45%
32.98%
30.97%
-28.0%
-19.73%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
-7.86%
15.43%
23.71%
23.95%
-26.94%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Mercantile Bank Corp
Mercantile Bank Corp
7.2
7.2
2.51
4.78
0.17
0.02
0.04
33.28
Nu Holdings Ltd.
Nu Holdings Ltd.
52.0
52.0
NA
0.41
0.18
0.03
NA
1.34
Icici Bank Ltd.
Icici Bank Ltd.
18.38
18.38
0.0
1.36
0.19
0.02
0.01
347.9
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
13.22
13.22
3.46
12.65
0.11
0.01
0.04
128.98
U.s. Bancorp
U.s. Bancorp
13.64
13.64
1.14
3.86
0.09
0.01
0.05
31.26
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.62
9.62
0.86
0.83
0.18
0.01
0.01
19.4
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Mercantile Bank Corp
Mercantile Bank Corp
Buy
$595.7M
10.48%
7.2
37.61%
Nu Holdings Ltd.
Nu Holdings Ltd.
Buy
$52.0B
4.26%
52.0
27.8%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$92.3B
132.39%
18.38
30.73%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$62.7B
17.74%
13.22
25.68%
U.s. Bancorp
U.s. Bancorp
Buy
$64.0B
-19.73%
13.64
20.08%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$61.3B
-26.94%
9.62
26.58%

Institutional Holdings

  • BlackRock Inc

    9.64%

  • Dimensional Fund Advisors, Inc.

    7.14%

  • Vanguard Group Inc

    4.86%

  • Renaissance Technologies Corp

    3.34%

  • Banc Funds Co LLC

    2.92%

  • State Street Corporation

    2.49%

Corporate Announcements

  • Mercantile Bank Corp Dividends March,2024

    In the quarter ending March,2024. Mercantile Bank Corp has declared dividend of $0.35

    Read More

Company Information

mercantile bank of michigan was founded in 1997 by directors and bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. at mercantile bank, we use our local directors, our commitment to the community, and our knowledge of michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. we feel our focus on the michigan business community is the best way to help build the economy, and ultimately the community.

Organization
Mercantile Bank Corp
Employees
642
CEO
Mr. Robert B. Kaminski Jr.
Industry
Finance

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