• LAST PRICE
    36.6500
  • TODAY'S CHANGE (%)
    Trending Down-0.3000 (-0.8119%)
  • Bid / Lots
    36.5900/ 1
  • Ask / Lots
    36.7000/ 4
  • Open / Previous Close
    36.6100 / 36.9500
  • Day Range
    Low 36.2900
    High 36.8000
  • 52 Week Range
    Low 23.8900
    High 42.8211
  • Volume
    17,144
    below average

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Price Comparison Graph. See accessible table below
1 Day Comparison Chart Accessibility Table. Tuesday's close: 36.95
TimeVolumeMBWM
09:32 ET49936.61
09:45 ET10036.63
10:15 ET10036.8
10:32 ET20036.68
10:35 ET20836.52
10:46 ET10036.47
11:06 ET10036.385
11:09 ET20036.31
11:11 ET10036.29
11:15 ET38236.415
11:36 ET10036.45
11:56 ET20036.44
12:09 ET10036.43
12:12 ET10036.46
12:18 ET30036.51
12:20 ET244936.58
12:34 ET14436.63
12:43 ET10036.685
12:45 ET10036.64
01:01 ET23836.6543
01:10 ET10036.71
01:21 ET20036.6325
01:44 ET40136.701
01:48 ET10036.715
01:51 ET44536.65
Data delayed at least 15 minutes.
Industry Peers Overview Table
Company sortableMarket Cap sortableP/E Ratio (TTM) sortableEPS Growth (5yr) sortable
United StatesMBWM
Mercantile Bank Corp
595.7M
7.1x
+15.20%
United StatesBFST
Business First Bancshares Inc
560.3M
8.4x
+16.28%
United StatesCPF
Central Pacific Financial Corp
539.8M
9.3x
+2.06%
United StatesFMCB
Farmers & Merchants Bancorp
735.4M
8.5x
+15.46%
United StatesFCBC
First Community Bankshares Inc
610.1M
12.3x
+5.55%
United StatesHTBK
Heritage Commerce Corp
508.4M
7.9x
+4.65%
As of 2024-04-24

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

Chairman of the Board of the Mercantile and Bank
Michael Price
Director
Robert Kaminski
Chief Financial Officer, Executive Vice President and Treasurer of Mercantile, and Executive Vice President and Chief Financial Officer of the Bank
Charles Christmas
President, Chief Executive Officer, Director
Raymond Reitsma
Senior Vice President, Chief Risk Officer, Secretary, and General Counsel of Mercantile and of the Bank
Robert Worthington

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Fundamentals Table
Market Cap
$595.7M
Revenue (TTM)
$287.6M
Shares Outstanding
16.1M
Dividend Yield
3.82%
Annual Dividend Rate
1.4000 USD
Ex-Dividend Date
06-07-24
Pay Date
06-19-24
Beta
0.98
EPS
$5.16
Book Value
$32.38
P/E Ratio
7.1x
Price/Sales (TTM)
2.6
Price/Cash Flow (TTM)
8.5x
Operating Margin
45.30%
*GAAP = prior to non-GAAP analyst adjusted earnings.

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