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Mercantile Bank Corp. (MBWM) Stock Split History

Mercantile Bank Corp. has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on January 17, 2001 with the ratio of 21-for-20, meaning that for 20 shares of MBWM owned pre-split, shareholders then owned 21 shares. 6 more splits have been implemented since then. The most recent stock split took place on April 19, 2007 on a 21-for-20 basis.

These splits have increased MBWM stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Mercantile Bank Corp.'s total market capitalization.

For more detailed information of Mercantile Bank Corp.'s stock splits, view the table below:

MBWM stock split list

Date Split Ratio
2007-04-19 21 - for - 20
2006-04-20 21 - for - 20
2005-07-14 21 - for - 20
2004-04-14 21 - for - 20
2003-01-15 21 - for - 20
2002-01-16 21 - for - 20
2001-01-17 21 - for - 20

Will Mercantile Bank Corp. Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Mercantile Bank Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when MBWM stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Mercantile Bank Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
HDB 2019-09-26 2 - for - 1
IBN 2017-06-19 110 - for - 100
ITUB 2018-11-28 3 - for - 2
USB 1999-04-16 3 - for - 1
PNC 1992-11-16 2 - for - 1
TFC 1998-08-04 2 - for - 1
LYG 2009-05-06 51 - for - 50
BBD 2022-04-19 11 - for - 10
DB 1995-06-01 10 - for - 1
NWG 2022-08-30 13 - for - 14
MTB 2000-10-06 10 - for - 1
FITB 2000-07-17 3 - for - 2
KB 2001-12-26 17 - for - 16
HBAN 2000-07-12 11 - for - 10
RF 2004-07-01 16 - for - 13
SHG 2012-10-15 2 - for - 1
banks_regional LYG
$2.26
price down icon 0.88%
$5.66
price down icon 2.08%
banks_regional MFG
$3.70
price up icon 0.27%
banks_regional TFC
$35.24
price down icon 1.12%
banks_regional NU
$10.22
price down icon 1.35%
banks_regional PNC
$146.12
price up icon 0.50%
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