Mercantile Bank Stock Today
| MBWM Stock | USD 39.10 0.09 0.23% |
Performance4 of 100
| Odds Of DistressLess than 9
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Mercantile Bank is selling at 39.10 as of the 15th of May 2024; that is 0.23 percent increase since the beginning of the trading day. The stock's lowest day price was 38.77. Mercantile Bank has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Mercantile Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of February 2024 and ending today, the 15th of May 2024. Click here to learn more.
Business Domain Banks | IPO Date 7th of August 1997 | Category Financial Services | Classification Financials |
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. The company has 16.12 M outstanding shares of which 160.71 K shares are now shorted by private and institutional investors with about 2.25 trading days to cover. More on Mercantile Bank
Moving together with Mercantile Stock
| 0.74 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.83 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
Moving against Mercantile Stock
| 0.5 | ECBK | ECB Bancorp | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 16th of July 2024
Mercantile Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mercantile Bank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mercantile Bank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Mercantile Bank's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Mercantile Bank's managers, analysts, and investors.
Environmental | Governance | Social |
| CEO | Robert Kaminski | ||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Mercantile Bank report their recommendations after researching Mercantile Bank's financial statements, talking to executives and customers, or listening in on Mercantile Bank's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mercantile Bank. The Mercantile consensus assessment is calculated by taking the average forecast from all of the analysts covering Mercantile Bank. | |||||
Mercantile Bank's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mercantile Bank's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mercantile Bank's financial leverage. It provides some insight into what part of Mercantile Bank's total assets is financed by creditors.
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Mercantile Bank (MBWM) is traded on NASDAQ Exchange in USA. It is located in 310 Leonard Street NW, Grand Rapids, MI, United States, 49504 and employs 642 people. Mercantile Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 638.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mercantile Bank's market, we take the total number of its shares issued and multiply it by Mercantile Bank's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mercantile Bank conducts business under Banks sector and is part of Financials industry. The entity has 16.12 M outstanding shares of which 160.71 K shares are now shorted by private and institutional investors with about 2.25 trading days to cover.
Mercantile Bank currently holds about 284.01 M in cash with 75.12 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.9.
Check Mercantile Bank Probability Of Bankruptcy
Ownership AllocationMercantile Bank holds a total of 16.12 Million outstanding shares. Over half of Mercantile Bank's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Mercantile Bank. Please watch out for any change in the institutional holdings of Mercantile Bank as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Mercantile Ownership Details
Mercantile Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Mercantile Bank jumping above the current price in 90 days from now is about 5.4%. The Mercantile Bank probability density function shows the probability of Mercantile Bank stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.7574. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mercantile Bank will likely underperform. Additionally, mercantile Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Mercantile Bank to move above the current price in 90 days from now is about 5.4 (This Mercantile Bank probability density function shows the probability of Mercantile Stock to fall within a particular range of prices over 90 days) .
Mercantile Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Mercantile Bank that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mercantile Bank's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mercantile Bank's value.| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 199 K | |
| Northern Trust Corp | 2023-12-31 | 194.6 K | |
| Stieven Capital Advisors, L.p. | 2023-12-31 | 189.2 K | |
| Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 128.6 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 121.9 K | |
| Mercer Global Advisors Inc. | 2023-12-31 | 112.4 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 109.5 K | |
| Royal Bank Of Canada | 2023-12-31 | 92.7 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 90.3 K | |
| Blackrock Inc | 2023-12-31 | 1.6 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.2 M |
Mercantile Bank Historical Income Statement
Mercantile Bank Income Statement is one of the three primary financial statements used for reporting Mercantile's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mercantile Bank revenue and expense. Mercantile Bank Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Mercantile Bank's Income Before Tax is very stable compared to the past year. As of the 15th of May 2024, Total Other Income Expense Net is likely to grow to about 107.8 M, while EBIT is likely to drop 0.00. View More FundamentalsMercantile Stock Against Markets
Picking the right benchmark for Mercantile Bank stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mercantile Bank stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mercantile Bank is critical whether you are bullish or bearish towards Mercantile Bank at a given time. Please also check how Mercantile Bank's historical prices are related to one of the top price index indicators.
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Mercantile Bank Corporate Executives
Elected by the shareholders, the Mercantile Bank's board of directors comprises two types of representatives: Mercantile Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mercantile. The board's role is to monitor Mercantile Bank's management team and ensure that shareholders' interests are well served. Mercantile Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mercantile Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Charles Christmas | CFO, Executive VP, Treasurer, CFO of Mercantile Bank of Michigan and Executive VP of Mercantile Bank of Michigan | Profile | |
| Scott Setlock | COO VP | Profile |
How to buy Mercantile Stock?
Before investing in Mercantile Bank, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mercantile Bank. To buy Mercantile Bank stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mercantile Bank. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mercantile Bank stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mercantile Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mercantile Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mercantile Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Mercantile Stock please use our How to Invest in Mercantile Bank guide.
Already Invested in Mercantile Bank?
The danger of trading Mercantile Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mercantile Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mercantile Bank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mercantile Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Mercantile Bank's price analysis, check to measure Mercantile Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mercantile Bank is operating at the current time. Most of Mercantile Bank's value examination focuses on studying past and present price action to predict the probability of Mercantile Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercantile Bank's price. Additionally, you may evaluate how the addition of Mercantile Bank to your portfolios can decrease your overall portfolio volatility.
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Is Mercantile Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 1.36 | Earnings Share 5.16 | Revenue Per Share 13.722 | Quarterly Revenue Growth 0.04 |
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.