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MBWM Mercantile Bank Corporation
NASDAQ USD Financial Services
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- Market cap
- 1B
- P/E ratio
- 10.48
- Analyst target
- 63.1667
- Dividend yield
- 2.6%
- Beta
- 0.81
Profile
Company facts
- Exchange
- NASDAQ
- Currency
- USD
- Sector
- Financial Services
- Industry
- Banks - Regional
- ISIN
- US5873761044
- Market cap
- 1B
- P/E ratio
- 10.48
- Analyst target
- 63.1667
- Dividend yield
- 2.6%
- Beta
- 0.81
About
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
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Investor discussion
1 comment
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5 years, 4 months ago
Mercantile Bank Corporation is currently in a long term uptrend where the price is trading 0.7% above its 200 day moving average.
From a valuation standpoint, the stock is 64.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.2.
Mercantile Bank Corporation's total revenue rose by 20.0% to $46M since the same quarter in the previous year.
Its net income has increased by 5.7% to $14M since the same quarter in the previous year.
Finally, its free cash flow fell by 19.2% to $20M since the same quarter in the previous year.
Based on the above factors, Mercantile Bank Corporation gets an overall score of 4/5.