Mercantile Bank Stock Today
| MBWM Stock | USD 49.04 0.71 1.47% |
Performance4 of 100
| Odds Of DistressLess than 3
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Mercantile Bank is selling at 49.04 as of the 22nd of November 2024; that is 1.47% increase since the beginning of the trading day. The stock's lowest day price was 48.56. Mercantile Bank has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Mercantile Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of November 2023 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Banks | IPO Date 7th of August 1997 | Category Financial Services | Classification Financials |
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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. The company has 16.14 M outstanding shares of which 126.16 K shares are now shorted by private and institutional investors with about 2.5 trading days to cover. More on Mercantile Bank
Moving together with Mercantile Stock
| 0.96 | AX | Axos Financial | PairCorr |
| 0.95 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.93 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Mercantile Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
Fiscal Year End 21st of January 2025
Mercantile Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Robert Kaminski | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Banking (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Banking, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsMercantile Bank can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mercantile Bank's financial leverage. It provides some insight into what part of Mercantile Bank's total assets is financed by creditors.
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Mercantile Bank (MBWM) is traded on NASDAQ Exchange in USA. It is located in 310 Leonard Street NW, Grand Rapids, MI, United States, 49504 and employs 653 people. Mercantile Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 780.14 M. Mercantile Bank conducts business under Banks sector and is part of Financials industry. The entity has 16.14 M outstanding shares of which 126.16 K shares are now shorted by private and institutional investors with about 2.5 trading days to cover.
Mercantile Bank currently holds about 284.01 M in cash with 66.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.9.
Check Mercantile Bank Probability Of Bankruptcy
Ownership AllocationMercantile Bank maintains a total of 16.14 Million outstanding shares. Over half of Mercantile Bank's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Mercantile Ownership Details
Mercantile Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 196.3 K | |
| Northern Trust Corp | 2024-09-30 | 180 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 176.8 K | |
| Aqr Capital Management Llc | 2024-06-30 | 174.4 K | |
| Proshare Advisors Llc | 2024-09-30 | 165.4 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 120.7 K | |
| Allianz Asset Management Ag | 2024-06-30 | 118.4 K | |
| Mercer Global Advisors Inc. | 2024-06-30 | 112.4 K | |
| Segall Bryant & Hamill | 2024-09-30 | 110.5 K | |
| Blackrock Inc | 2024-06-30 | 1.6 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.1 M |
Mercantile Bank Historical Income Statement
Mercantile Stock Against Markets
Mercantile Bank Corporate Management
| John Schulte | Senior Bank | Profile | |
| Justin Karl | Executive Bank | Profile | |
| Tara Randall | Senior Bank | Profile | |
| David Miller | Senior Bank | Profile | |
| Douglas Ouellette | Senior Bank | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 1.4 | Earnings Share 4.96 | Revenue Per Share 13.795 | Quarterly Revenue Growth 0.036 |
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.