Mercantile Bank Stock
Mercantile Bank Corporation
Company data
- Sector
- Financial Services
- Industry
- Banks - Regional
- Country
- United States
- CEO
- Raymond E. Reitsma
- Employees
- 765
- Market cap
- $1 B
- IPO
- 20/07/1999
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit…
Mercantile Bank stock: price history
1D
+0.5%
1W
+1.4%
1M
-3.2%
6M
+9.2%
YTD
+21.9%
1Y
+35.9%
2Y
+26.2%
5Y
+73.3%
10Y
+119.3%
Next earnings date
Next earnings date
20/10/2026 (in 3 days)
Volatility around earnings
~5% weaker price swings than usual
Mercantile Bank stock scores
- Valuation
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- Trend
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- Quality
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- Dividend
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- Growth
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- Insider
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- Earnings
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- Revisions
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- Sentiment
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- Short Pressure
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Deterministically calculated from financial metrics, not investment advice. Updated nightly, last on 17/10/2026.
Business model & megatrends
Business model with weaknesses or early megatrend headwind.
1 more assignment (Enabler/Second row) Pro-only.
Mercantile Bank Corporation is the parent company of Mercantile Bank of Michigan and provides comprehensive financial services to small and mid-sized businesses as well as retail customers throughout the United States. The product range extends from traditional deposits such as checking and savings accounts to a variety of credit products including real estate, commercial, and consumer loans, as well as various insurance offerings. The revenue structure is primarily composed of interest margins as well as fees for card services and account management. The company operates a network of branches and ATMs to support daily banking operations.
- Revenue model
- Interest spread
- Recurring revenue
- High
- Pricing power
- Moderate
- Moat
- None
- Moat type
- None
- Capital intensity
- High
- Customer concentration
- Unknown
Ask the agents about Mercantile Bank
Analyst assessment of Mercantile Bank
PRICE TARGET LOW
US$62.00
CONSENSUS
US$64.00
MEDIAN
US$65.00
PRICE TARGET HIGH
US$65.00
0
STRONG BUY
5
BUY
3
HOLD
0
SELL
0
STRONG SELL
8
TOTAL · Buy
As of: 22/07/2026
Mercantile Bank stock metrics
P/E
10.32
P/B
1.34
EV/EBITDA
14.04
RETURN ON EQUITY
3.4%
NET MARGIN
26.4%
DEBT/EQUITY
0.91
DIVIDEND YIELD
2.7%
AS OF
30/06/2026
Free float & liquidity
FREE FLOAT
96.1%
FLOAT SHARES
16,618,370
AVG. DAILY VOLUME (30D)
113,012
Insider transactions (SEC)
PRICE MICHAEL H
RAMAKER DAVID B
Eldridge Michelle Larabee
Davenport Michael S.
Sparks Amy L
Institutional holders
Dividends & Stock splits
Dividends
Stock splits
Comparable stocks
Frequently asked questions about Mercantile Bank stock
What does Mercantile Bank do?
Mercantile Bank Corporation is a company in the Financial Services sector, Banks - Regional industry, headquartered in United States.
The CEO is Raymond E. Reitsma, the company employs around 765 people.
The IPO was on 20/07/1999; the stock trades on NASDAQ under the ticker MBWM.
What do analysts say about Mercantile Bank stock?
8 analysts rate the stock, the consensus is Buy (as of 22/07/2026).
The average price target is US$64.00, ranging from US$62.00 to US$65.00, with a median of US$65.00.
This is an external assessment, not a statement by Market Jury.
When does Mercantile Bank report next?
The next earnings date is 20/10/2026.
Around past earnings, price swings were roughly -5% stronger than usual.
Does Mercantile Bank pay a dividend?
Yes. The last dividend was US$0.40 per share, ex-date 04/09/2026, paid on 16/09/2026.
The dividend yield is 2.7% (as of 30/06/2026).
Which stocks are comparable to Mercantile Bank?
Comparable stocks include U.S. Bancorp, PNC Financial Services Group, Truist Financial, Fifth Third Bancorp, M&T Bank, Huntington Bancshares, Citizens Financial Group and Regions Financial.
How can I get Mercantile Bank stock analyzed?
Clicking "Analyze stock" lets five strategies assess Mercantile Bank against fixed, published rules and judge it bullish, neutral or bearish. The jury states where it disagrees. A free account starts with 5 credits, a quick check costs 1 credit, a full analysis 2 credits.
Not investment advice. Past performance is not an indicator of future results.