Mercantile Bank Stock Analysis

MBWM Stock  USD 48.58  0.13  0.27%   
Mercantile Bank is undervalued with Real Value of 52.85 and Target Price of 50.13. The main objective of Mercantile Bank stock analysis is to determine its intrinsic value, which is an estimate of what Mercantile Bank is worth, separate from its market price. There are two main types of Mercantile Bank's stock analysis: fundamental analysis and technical analysis.
The Mercantile Bank stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Mercantile Bank is usually not traded on Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day. Mercantile Stock trading window is adjusted to America/New York timezone.
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.

Mercantile Stock Analysis Notes

About 66.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.3. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Mercantile Bank has Price/Earnings To Growth (PEG) ratio of 2.51. The entity last dividend was issued on the 6th of June 2025. The firm had 105:100 split on the 19th of April 2007. 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. Mercantile Bank operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 635 people. To find out more about Mercantile Bank contact Robert Kaminski at 616 406 3000 or learn more at https://www.mercbank.com.

Mercantile Bank Quarterly Total Revenue

89.04 Million

Mercantile Bank Investment Alerts

Mercantile Bank is unlikely to experience financial distress in the next 2 years
About 66.0% of the company shares are owned by institutional investors
On 18th of June 2025 Mercantile Bank paid $ 0.37 per share dividend to its current shareholders
Latest headline from thelincolnianonline.com: Mercantile Ports Logistics Announces Earnings Results

Mercantile Bank Upcoming and Recent Events

16th of April 2024
Upcoming Quarterly Report
View
16th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
21st of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

Mercantile Largest EPS Surprises

Earnings surprises can significantly impact Mercantile Bank's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2003-04-09
2003-03-310.30.330.0310 
2001-07-11
2001-06-300.220.19-0.0313 
2000-10-11
2000-09-300.190.220.0315 
View All Earnings Estimates

Mercantile Bank Environmental, Social, and Governance (ESG) Scores

Mercantile Bank's ESG score is a quantitative measure that evaluates Mercantile Bank's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Mercantile Bank's operations that may have significant financial implications and affect Mercantile Bank's stock price as well as guide investors towards more socially responsible investments.

Mercantile Bank Thematic Classifications

In addition to having Mercantile Bank stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Banking Idea
Banking
USA Equities from Banking industry as classified by Fama & French

Mercantile Stock Institutional Investors

Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Northern Trust Corp2025-03-31
181.6 K
Proshare Advisors Llc2025-03-31
158.8 K
Hotchkis & Wiley Capital Management Llc2025-03-31
131.3 K
Charles Schwab Investment Management Inc2025-03-31
128.9 K
Mercer Global Advisors Inc.2025-03-31
105.8 K
Bridgeway Capital Management, Llc2025-03-31
105 K
Morgan Stanley - Brokerage Accounts2025-03-31
104.4 K
Goldman Sachs Group Inc2025-03-31
96.3 K
Bank Of New York Mellon Corp2025-03-31
94.7 K
Blackrock Inc2025-03-31
1.6 M
Dimensional Fund Advisors, Inc.2025-03-31
1.1 M
Note, although Mercantile Bank's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Mercantile Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 788.71 M.

Mercantile Profitablity

The company has Profit Margin (PM) of 0.35 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.44 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.44.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.01  0.01 
Return On Capital Employed 0.08  0.05 
Return On Assets 0.01  0.01 
Return On Equity 0.14  0.14 

Management Efficiency

Mercantile Bank has return on total asset (ROA) of 0.0134 % which means that it generated a profit of $0.0134 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1355 %, meaning that it created $0.1355 on every $100 dollars invested by stockholders. Mercantile Bank's management efficiency ratios could be used to measure how well Mercantile Bank manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Mercantile Bank's Return On Tangible Assets are very stable compared to the past year. As of the 20th of July 2025, Return On Assets is likely to grow to 0.01, while Return On Capital Employed is likely to drop 0.05. At this time, Mercantile Bank's Return On Tangible Assets are very stable compared to the past year. As of the 20th of July 2025, Intangibles To Total Assets is likely to grow to 0.02, while Other Current Assets are likely to drop about 128.4 M.
Last ReportedProjected for Next Year
Book Value Per Share 35.78  37.56 
Tangible Book Value Per Share 32.71  34.34 
Enterprise Value Over EBITDA 8.94  5.74 
Price Book Value Ratio 1.23  1.32 
Enterprise Value Multiple 8.94  5.74 
Price Fair Value 1.23  1.32 
Enterprise Value387.1 M406.5 M
Effective management at Mercantile Bank has been a driving force behind its market achievements. We assess the correlation between management practices and financial success to determine the stock's value.
Dividend Yield
0.0319
Operating Margin
0.4361
Profit Margin
0.3489
Forward Dividend Yield
0.0319
Beta
0.901

Technical Drivers

As of the 20th of July, Mercantile Bank secures the Mean Deviation of 1.27, risk adjusted performance of 0.2196, and Downside Deviation of 1.48. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mercantile Bank, as well as the relationship between them. Please verify Mercantile Bank variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Mercantile Bank is priced some-what accurately, providing market reflects its recent price of 48.58 per share. Given that Mercantile Bank has jensen alpha of 0.215, we recommend you to check Mercantile Bank's last-minute market performance to make sure the company can sustain itself at a future point.

Mercantile Bank Price Movement Analysis

The output start index for this execution was eleven with a total number of output elements of fifty. The Simple Moving Average indicator is calculated by adding the closing price of Mercantile Bank for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out Mercantile Bank short-term fluctuations and highlight longer-term trends or cycles.

Mercantile Bank Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Mercantile Bank insiders, such as employees or executives, is commonly permitted as long as it does not rely on Mercantile Bank's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Mercantile Bank insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Mercantile Bank Outstanding Bonds

Mercantile Bank issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Mercantile Bank uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Mercantile bonds can be classified according to their maturity, which is the date when Mercantile Bank has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Mercantile Bank Predictive Daily Indicators

Mercantile Bank intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Mercantile Bank stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Mercantile Bank Corporate Filings

13th of June 2025
Other Reports
ViewVerify
10th of June 2025
Other Reports
ViewVerify
F4
27th of May 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
22nd of May 2025
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
6th of May 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10Q
2nd of May 2025
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
24th of April 2025
Other Reports
ViewVerify
8K
22nd of April 2025
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify

Mercantile Bank Forecast Models

Mercantile Bank's time-series forecasting models are one of many Mercantile Bank's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Mercantile Bank's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Mercantile Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Mercantile Bank prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Mercantile shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Mercantile Bank. By using and applying Mercantile Stock analysis, traders can create a robust methodology for identifying Mercantile entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.27  0.15 
Operating Profit Margin 0.27  0.15 
Net Profit Margin 0.22  0.12 
Gross Profit Margin 0.62  0.48 

Current Mercantile Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Mercantile analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Mercantile analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
50.13Buy5Odds
Mercantile Bank current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mercantile analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mercantile stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mercantile Bank, talking to its executives and customers, or listening to Mercantile conference calls.
Mercantile Analyst Advice Details

Mercantile Stock Analysis Indicators

Mercantile Bank stock analysis indicators help investors evaluate how Mercantile Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Mercantile Bank shares will generate the highest return on investment. By understating and applying Mercantile Bank stock analysis, traders can identify Mercantile Bank position entry and exit signals to maximize returns.
Begin Period Cash Flow130.5 M
Long Term Debt526.7 M
Common Stock Shares Outstanding16.1 M
Total Stockholder Equity584.5 M
Total Cashflows From Investing Activities-425.4 M
Tax Provision18.7 M
Quarterly Earnings Growth Y O Y-0.098
Property Plant And Equipment Net53.4 M
Cash And Short Term Investments1.1 B
Cash393 M
Net Debt255.2 M
50 Day M A45.7774
Total Current Liabilities4.8 B
Other Operating Expenses263.6 M
Non Current Assets Total4.9 B
Forward Price Earnings10.8696
Non Currrent Assets Other263.7 M
Stock Based Compensation3.3 M
When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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
(0.1)
Dividend Share
1.44
Earnings Share
4.8
Revenue Per Share
13.764
Quarterly Revenue Growth
(0.03)
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.