Mercantile Bank Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $32.64
- Today's High:
- $33.1175
- Open Price:
- $32.65
- 52W Low:
- $23.3473
- 52W High:
- $36.3566
- Prev. Close:
- $32.84
- Volume:
- 18545
Company Statistics
- Market Cap.:
- $526.04 million
- Book Value:
- 29.885
- Revenue TTM:
- $209.27 million
- Operating Margin TTM:
- 47.83%
- Gross Profit TTM:
- $182.97 million
- Profit Margin:
- 37.83%
- Return on Assets TTM:
- 1.55%
- Return on Equity TTM:
- 17.44%
Company Profile
Mercantile Bank Corporation had its IPO on 1997-08-07 under the ticker symbol MBWM.
The company operates in the Financial Services sector and Banks-Regional industry. Mercantile Bank Corporation has a staff strength of 665 employees.
Stock update
Shares of Mercantile Bank Corporation opened at $32.65 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $32.64 - $33.12, and closed at $32.79.
This is a -0.15% slip from the previous day's closing price.
A total volume of 18,545 shares were traded at the close of the day’s session.
In the last one week, shares of Mercantile Bank Corporation have slipped by -4.23%.
Mercantile Bank Corporation's Key Ratios
Mercantile Bank Corporation has a market cap of $526.04 million, indicating a price to book ratio of 1.2609 and a price to sales ratio of 2.8835.
In the last 12-months Mercantile Bank Corporation’s revenue was $209.27 million with a gross profit of $182.97 million and an EBITDA of $0. The EBITDA ratio measures Mercantile Bank Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Mercantile Bank Corporation’s operating margin was 47.83% while its return on assets stood at 1.55% with a return of equity of 17.44%.
In Q2, Mercantile Bank Corporation’s quarterly earnings growth was a positive 71.6% while revenue growth was a positive 28%.
Mercantile Bank Corporation’s PE and PEG Ratio
- Forward PE
- 7.6923
- Trailing PE
- 6.621
- PEG
- 2.51
Its diluted EPS in the last 12-months stands at $4.96 per share while it has a forward price to earnings multiple of 7.6923 and a PEG multiple of 2.51. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Mercantile Bank Corporation’s profitability.
Mercantile Bank Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.8835.
Mercantile Bank Corporation stock pays annual dividends of $1.3 per share, indicating a yield of 4.14% and a payout ratio of 26.61%.
Balance sheet and cash flow metrics
- Total Assets
- $5.14 billion
- Total Liabilities
- $76.63 million
- Operating Cash Flow
- $-88189000.00
- Capital Expenditure
- $2.17 million
- Dividend Payout Ratio
- 26.61%
Mercantile Bank Corporation ended 2024 with $5.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.14 billion while shareholder equity stood at $478.70 million.
Mercantile Bank Corporation ended 2024 with $0 in deferred long-term liabilities, $76.63 million in other current liabilities, 292906000.00 in common stock, $247.31 million in retained earnings and $49.47 million in goodwill. Its cash balance stood at $207.80 million and cash and short-term investments were $678.11 billion. The company’s total short-term debt was $467,910,000 while long-term debt stood at $606.01 million.
Mercantile Bank Corporation’s total current assets stands at $678.11 billion while long-term investments were $608.97 million and short-term investments were $608.97 million. Its net receivables were $4.01 billion compared to accounts payable of $76.63 million and inventory worth $0.
In 2024, Mercantile Bank Corporation's operating cash flow was $-88189000.00 while its capital expenditure stood at $2.17 million.
Comparatively, Mercantile Bank Corporation paid $0.27 in dividends in 2024.
Other key metrics
- Current Trading Price
- $32.79
- 52-Week High
- $36.3566
- 52-Week Low
- $23.3473
- Analyst Target Price
- $38.25
Mercantile Bank Corporation stock is currently trading at $32.79 per share. It touched a 52-week high of $36.3566 and a 52-week low of $36.3566. Analysts tracking the stock have a 12-month average target price of $38.25.
Its 50-day moving average was $32.71 and 200-day moving average was $30.9 The short ratio stood at 2.82 indicating a short percent outstanding of 0%.
Around 827.5% of the company’s stock are held by insiders while 5842.3% are held by institutions.
Frequently Asked Questions About Mercantile Bank Corporation
Similar Industry Stocks (Banks-Regional)
Most Active
Top Gainers
Top Losers
About
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. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.