39.56
0.15%
+0.06
After Hours:
39.59
0.03
+0.08%
Overview
News
Price History
Option Chain
Financials
Discussions
Forecast
Stock Split
Dividend History
Mercantile Bank Corp. stock is currently priced at $39.56, with a 24-hour trading volume of 61,273.
It has seen a +0.15% increased in the last 24 hours and a +6.20% rose in the past month.
The chart indicates a potential bullish trend, as the stock is above the $39.55 pivot point. If it approaches the $39.70 resistance level, significant changes may occur.
Previous Close:
$39.50
Open:
$38.82
24h Volume:
61,273
Market Cap:
$637.74M
Revenue:
$228.58M
Net Income/Loss:
$82.80M
P/E Ratio:
7.9758
EPS:
4.96
Net Cash Flow:
$83.15M
1W Performance:
+5.52%
1M Performance:
+6.20%
6M Performance:
+16.87%
1Y Performance:
+59.64%
Mercantile Bank Corp. Stock (MBWM) Company Profile
Name
Mercantile Bank Corp.
Sector
Industry
Phone
616-406-3000
Address
310 Leonard Street NW, Grand Rapids, MI
Mercantile Bank Corp. Stock (MBWM) Upgrades & Downgrades
Date | Action | Analyst | Rating Change |
---|---|---|---|
Mar-07-23 | Upgrade | Piper Sandler | Neutral → Overweight |
Jan-18-23 | Downgrade | Raymond James | Outperform → Mkt Perform |
Oct-06-22 | Downgrade | Raymond James | Strong Buy → Outperform |
Jul-28-22 | Upgrade | Hovde Group | Market Perform → Outperform |
Mar-02-22 | Upgrade | Raymond James | Outperform → Strong Buy |
Jan-19-22 | Upgrade | Raymond James | Mkt Perform → Outperform |
Mar-01-18 | Upgrade | Keefe Bruyette | Mkt Perform → Outperform |
Jul-06-17 | Initiated | DA Davidson | Neutral |
Jan-18-17 | Downgrade | Raymond James | Outperform → Mkt Perform |
Nov-29-16 | Downgrade | Keefe Bruyette | Outperform → Mkt Perform |
Nov-21-16 | Initiated | Hovde Group | Market Perform |
Aug-25-15 | Upgrade | Raymond James | Mkt Perform → Outperform |
Jul-22-15 | Downgrade | Sandler O'Neill | Buy → Hold |
Sep-26-13 | Initiated | DA Davidson | Neutral |
Apr-16-09 | Reiterated | RBC Capital Mkts | Sector Perform |
Jan-15-09 | Downgrade | Stifel Nicolaus | Buy → Hold |
Mar-19-08 | Upgrade | Stifel Nicolaus | Hold → Buy |
Jan-10-08 | Reiterated | RBC Capital Mkts | Sector Perform |
Oct-11-07 | Reiterated | RBC Capital Mkts | Sector Perform |
Jul-12-07 | Reiterated | RBC Capital Mkts | Sector Perform |
Apr-13-07 | Downgrade | Stifel Nicolaus | Buy → Hold |
Mar-21-07 | Reiterated | Stifel Nicolaus | Buy |
View All
Mercantile Bank Corp. Stock (MBWM) Latest News
Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research
Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates
Zacks Investment Research
Wall Street's Insights Into Key Metrics Ahead of Mercantile Bank (MBWM) Q1 Earnings
Zacks Investment Research
All You Need to Know About Mercantile Bank (MBWM) Rating Upgrade to Strong Buy
Zacks Investment Research
Best Income Stocks to Buy for March 7th
Zacks Investment Research
Mercantile Bank (MBWM) Soars 5.7%: Is Further Upside Left in the Stock?
Zacks Investment Research
Mercantile Bank Corp. Stock (MBWM) Financials Data
Mercantile Bank Corp. (MBWM) Revenue 2024
MBWM reported a revenue (TTM) of $228.58 million for the quarter ending March 31, 2024, a +11.25% rise year-over-year.
Mercantile Bank Corp. (MBWM) Net Income 2024
MBWM net income (TTM) was $82.80 million for the quarter ending March 31, 2024, a +17.38% increase year-over-year.
Mercantile Bank Corp. (MBWM) Cash Flow 2024
MBWM recorded a free cash flow (TTM) of $83.14 million for the quarter ending March 31, 2024, a -20.70% decrease year-over-year.
Mercantile Bank Corp. (MBWM) Earnings per Share 2024
MBWM earnings per share (TTM) was $5.16 for the quarter ending March 31, 2024, a +16.48% growth year-over-year.
About Mercantile Bank Corp.
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for 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 and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as operates and 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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