• LAST PRICE
    51.9400
  • TODAY'S CHANGE (%)
    Trending Up1.5500 (3.0760%)
  • Bid / Lots
    51.5300/ 7
  • Ask / Lots
    51.9800/ 7
  • Open / Previous Close
    51.1400 / 50.3900
  • Day Range
    Low 51.1400
    High 52.9800
  • 52 Week Range
    Low 33.4600
    High 52.9800
  • Volume
    38,404
    above average

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Price Comparison Graph. See accessible table below
1 Day Comparison Chart Accessibility Table. Friday's close: 50.39
TimeVolumeMBWM
09:32 ET124751.5
09:33 ET20051.195
09:37 ET14051.91
09:44 ET10052
09:48 ET10052.05
10:02 ET40051.95
10:04 ET10051.83
10:06 ET20052.15
10:09 ET60052.21
10:13 ET10052.1875
10:15 ET20051.88
10:24 ET10052.18
10:42 ET60052.275
10:44 ET41552.35
10:58 ET10052.32
11:00 ET20052.47
11:02 ET44552.51
11:12 ET10052.98
11:18 ET10052.725
11:23 ET40352.46
11:32 ET10052.08
11:41 ET10051.92
11:45 ET20051.8375
11:50 ET10051.76
11:54 ET10051.82
12:01 ET566551.65
12:03 ET50051.89
12:08 ET10051.945
12:15 ET30051.95
12:17 ET10051.95
12:19 ET30051.82
12:26 ET163751.66
12:28 ET20051.81
12:30 ET40051.78
12:32 ET100151.84
12:33 ET85051.76
12:42 ET10051.77
12:48 ET69951.47
12:53 ET10051.6
01:04 ET20051.695
01:08 ET40051.7
01:15 ET13151.825
01:24 ET10051.83
01:26 ET20051.64
01:36 ET26751.59
01:56 ET10051.87
02:23 ET17451.9301
02:30 ET10051.76
02:36 ET10051.72
02:39 ET20051.94
Data delayed at least 15 minutes.
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Industry Peers Overview Table
Company sortableMarket Cap sortableP/E Ratio (TTM) sortableEPS Growth (5yr) sortable
United StatesMBWM
Mercantile Bank Corp
813.4M
10.5x
+15.20%
United StatesBFST
Business First Bancshares Inc
838.4M
12.5x
+16.28%
United StatesFMCB
Farmers & Merchants Bancorp
725.2M
8.8x
+15.46%
United StatesCPF
Central Pacific Financial Corp
870.7M
15.7x
+2.06%
United StatesMCB
Metropolitan Bank Holding Corp
744.9M
12.9x
+17.67%
United StatesOSBC
Old Second Bancorp Inc
839.2M
10.3x
+12.48%
As of 2024-11-25

Company Information

Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.

Contact Information

Headquarters
310 Leonard St NWGRAND RAPIDS, MI, United States 49504
Phone
616-406-3000
Fax
616-406-3737

Executives

Independent Chairman of the Board of the Mercantile and Bank
Michael Price
President, Chief Executive Officer, Director
Raymond Reitsma
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile; Executive Vice President and Chief Financial Officer of the Bank
Charles Christmas
Chief Operating Officer, Executive Vice President, Secretary of Mercantile and of the Bank
Scott Setlock
Senior Vice President, Human Resources Director
Brett Hoover

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Fundamentals Table
Market Cap
$813.4M
Revenue (TTM)
$312.8M
Shares Outstanding
16.1M
Dividend Yield
2.77%
Annual Dividend Rate
1.4400 USD
Ex-Dividend Date
12-06-24
Pay Date
12-18-24
Beta
1.00
EPS
$4.97
Book Value
$32.38
P/E Ratio
10.5x
Price/Sales (TTM)
3.5
Price/Cash Flow (TTM)
9.0x
Operating Margin
43.61%
*GAAP = prior to non-GAAP analyst adjusted earnings.

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