Mercantile Bank CorpMBWM
MBWM
About: Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Employees: 682
0
Funds holding %
of 7,323 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
211% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 9
21% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 62
8% more funds holding
Funds holding: 178 [Q4 2024] → 193 (+15) [Q1 2025]
0.28% more ownership
Funds ownership: 63.74% [Q4 2024] → 64.02% (+0.28%) [Q1 2025]
1% less capital invested
Capital invested by funds: $458M [Q4 2024] → $451M (-$6.29M) [Q1 2025]
41% less call options, than puts
Call options by funds: $13K | Put options by funds: $22K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
19%
upside
Avg. target
$56
21%
upside
High target
$56
21%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Raymond James Daniel Tamayo | 19%upside $55 | Outperform Upgraded | 24 Jul 2025 |
Piper Sandler Nathan Race | 21%upside $56 | Neutral Maintained | 23 Jul 2025 |
Keefe, Bruyette & Woods Damon Delmonte | 21%upside $56 | Outperform Maintained | 23 Jul 2025 |
Financial journalist opinion
Based on 12 articles about MBWM published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Mercantile Bank (MBWM) Upgraded to Strong Buy: Here's Why
Mercantile Bank (MBWM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Positive
Seeking Alpha
5 days ago
Mercantile Bank: With A LTD Ratio Of 100%, The Focus Is On The Securities Portfolio
Mercantile Bank's main challenge remains weak deposit growth, limiting its ability to capitalize on strong loan demand and keeping the loan-to-deposit ratio near 100%. Management is mitigating interest rate risk by increasing fixed-rate securities, which should gradually boost net interest margin as low-yield bonds mature and are reinvested. The bank maintains a solid dividend yield (3.17%) with sustainable payout and a track record of growth, but remains highly cyclical and exposed to economic downturns.
Positive
Zacks Investment Research
5 days ago
New Strong Buy Stocks for July 25th
PHIN, MBWM, THC, RVLV and PHAR have been added to the Zacks Rank #1 (Strong Buy) List on July 25, 2025.
Positive
Zacks Investment Research
5 days ago
Best Value Stocks to Buy for July 25th
EDNMY, THC and MBWM made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 25, 2025.
Positive
Zacks Investment Research
6 days ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Mercantile Bank (MBWM) have what it takes?
Neutral
Seeking Alpha
1 week ago
Mercantile Bank Corporation (MBWM) Q2 2025 Earnings Conference Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2025 Earnings Conference Call July 22, 2025 10:00 AM ET Company Participants Nichole Kladder - Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - Executive VP, CFO & Treasurer Conference Call Participants Daniel Tamayo - CGS International Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Operator Good morning, and welcome to the Mercantile Bank Corporation Second Quarter 2025 Earnings Conference Call. [Operator Instructions].
Positive
Zacks Investment Research
1 week ago
Here's What Key Metrics Tell Us About Mercantile Bank (MBWM) Q2 Earnings
Although the revenue and EPS for Mercantile Bank (MBWM) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 week ago
Mercantile Bank (MBWM) Q2 Earnings and Revenues Surpass Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.17 per share a year ago.
Neutral
PRNewsWire
1 week ago
Mercantile Bank Corporation Announces Robust Second Quarter 2025 Results and Partnership with Eastern Michigan Financial Corporation
Net interest income expansion, substantial noninterest income growth, and ongoing strength in asset quality metrics and capital levels highlight the quarter GRAND RAPIDS, Mich. , July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025, compared with net income of $18.8 million, or $1.17 per diluted share, for the second quarter of 2024.
Neutral
PRNewsWire
1 week ago
Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement
Partnership strengthens Mercantile's position as Michigan's largest bank by total assets, enhances core deposit base and liquidity, and accelerates growth in key markets GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation ("Mercantile") (NASDAQ: MBWM) and Eastern Michigan Financial Corporation ("EFIN") (OTCID: EFIN) today jointly announced that they have entered into a definitive merger agreement pursuant to which EFIN and its wholly owned subsidiary, Eastern Michigan Bank ("Eastern"), will combine with Mercantile in a cash and stock transaction valued at approximately $95.8 million, as detailed below.
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