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 7,296 funds
–
Analysts bullish %
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
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$48
9%
upside
Avg. target
$48
9%
upside
High target
$48
9%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Piper Sandler Brandan Nosal | 9%upside $48 | Neutral Maintained | 23 Apr 2025 |
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
MERCANTILE BANK PARTNERS IN STATEWIDE INVESTMENT TO ADVANCE AFFORDABLE HOUSING INITIATIVES
Over $200,000 provided to nonprofits through Federal Home Loan Bank of Indianapolis Community Multiplier Program GRAND RAPIDS, Mich. , May 1, 2025 /PRNewswire/ -- Mercantile Bank is proud to announce its participation in the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) Community Multiplier program, resulting in over $200,000 in grant funding awarded to six nonprofit organizations across the state supporting affordable housing projects.
Neutral
Seeking Alpha
1 month ago
Mercantile Bank Corporation (MBWM) Q1 2025 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q1 2025 Earnings Conference Call April 22, 2025 10:00 AM ET Company Participants Ray Reitsma - President & CEO Chuck Christmas - EVP & CFO Nichole Kladder - CMO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Damon DelMonte - KBW Adam Kroll - Piper Sandler Operator Good morning, and welcome to the Mercantile Bank Corporation 2025 first quarter earnings results conference call. [Operator instructions].
Neutral
Zacks Investment Research
1 month ago
Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Mercantile Bank (MBWM) Tops Q1 Earnings Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.34 per share a year ago.
Neutral
PRNewsWire
1 month ago
Mercantile Bank Corporation Announces Strong First Quarter 2025 Results
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024.
Neutral
PRNewsWire
1 month ago
Mercantile Bank Corporation Declares Regular Cash Dividend
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich. , April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025.
Neutral
PRNewsWire
2 months ago
Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Positive
Seeking Alpha
3 months ago
31 Upcoming Dividend Increases, Including 3 Kings
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
Neutral
Seeking Alpha
4 months ago
Mercantile Bank Corporation (MBWM) Q4 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Nichole Kladder - First Vice President and Chief Marketing Officer Raymond Reitsma - President and Chief Executive Officer Charles Christmas - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Fourth Quarter Earnings Conference Call. All participants will be in listen-only mode.
Neutral
Zacks Investment Research
4 months ago
Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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