Mercantile Bank Corp (MBWM)

• Market cap: $687M
• 1 day: -1.54%
• 5 days: 2.32%
• 1 month: -2.60%
• 3 months: -13.21%
• 6 months: -3.75%
• Year to date: -3.34%
• 1 year: 17.27%
• 5 years: 79.28%
• 10 years: 113.47%
• Sector: Financials
• Industry: Banks - Regional

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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 9

64% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 45

33% more call options, than puts

Call options by funds: $36K | Put options by funds: $27K

10% more funds holding

Funds holding: 161 [Q3] → 177 (+16) [Q4]

1.75% more ownership

Funds ownership: 61.9% [Q3] → 63.65% (+1.75%) [Q4]

5% more capital invested

Capital invested by funds: $436M [Q3] → $457M (+$21.3M) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $48 12% upside
• Avg. target: $48 12% upside
• High target: $48 12% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Piper Sandler Brandan Nosal 0 / 0 met price target

12% upside $48

Neutral Maintained

23 Apr 2025