MARKET

MBWM

MBWM

Mercantile Bk Corp
NASDAQ
47.86
-1.66
-3.35%
After Hours: 47.86 0 0.00% 16:03 07/18 EDT
OPEN
48.76
PREV CLOSE
49.52
HIGH
49.96
LOW
47.77
VOLUME
110.21K
TURNOVER
0
52 WEEK HIGH
50.42
52 WEEK LOW
26.95
MARKET CAP
772.35M
P/E (TTM)
9.47
1D
5D
1M
3M
1Y
5Y
1D
Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Mercantile Bank Corporation will be paying its dividend of $0.36 on the 18th of September. The company's stock price has increased by 33% in the last 3 months. The dividend yield for the company will be 2.9%. The company has a strong track record of growing its dividend payments. Mercantile bank's earnings are expected to cover the payout with a low payout ratio.
Simply Wall St · 3h ago
Mercantile Bank Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Mercantile Bank's revenue exceeded analyst estimates by 1.5%. The company's shares are up 24% from a week ago. Revenue is forecast to grow 2.4% in the next 2 years. The company reported its second quarter results on July 18th 2024.
Simply Wall St · 1d ago
Mercantile Bank: Q2 2024 Earnings Spike The Price
Mercantile Bank Corporation (NASDAQ:MBWM) reported strong growth in Q2 2024. Mortgage loan originations and commercial loan growth led to a positive market reaction. The bank may currently be overvalued, leading management to set aside a possible buyback. The Loan to Deposit ratio is improving, but still too high at 107%.
Seeking Alpha · 1d ago
Mercantile Bank (MBWM) Receives a Hold from Piper Sandler
TipRanks · 1d ago
Mercantile Bank Price Target Raised to $51.00/Share From $47.00 by Keefe, Bruyette & Woods
Dow Jones · 2d ago
Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Raises Price Target to $51
Benzinga · 2d ago
Mercantile Bank Is Maintained at Neutral by Piper Sandler
Dow Jones · 2d ago
Mercantile Bank Price Target Raised to $53.00/Share From $42.00 by Piper Sandler
Dow Jones · 2d ago
More
About MBWM
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.

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