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Mercantile Bank Corporati... (MBWM)

NasdaqGS: MBWM · Real-Time Price · USD

62.16

+0.85 (1.39%)

At close: Aug 13, 2026, 9:56 AM

Statistics

Share Statistics

Mercantile Bank has 17.29M shares outstanding. The shares have a market value of 1.07B.

Shares Outstanding	17.29M
Shares Change (YoY)	0.67%
Shares Change (QoQ)	0.24%
Owned by Institutions (%)	70.49%
Shares Floating	16.71M
Failed to Deliver (FTD) Shares	1
FTD / Avg. Volume	n/a

Short Selling Information

Short interest in Mercantile Bank is 2.29% of the outstanding shares, representing 396.65K shares. The short ratio is 3.01.

Short Interest	396.65K
Short % of Shares Out	2.29%
Short % of Float	2.35%
Short Ratio (days to cover)	3.01

Valuation Ratios

The stock has a PE ratio of 10.92, meaning that every $1 in earnings is currently priced at $10.92 in the stock market.

PE Ratio	10.92
Forward PE	10.84
PS Ratio	4.07
Forward PS	3.63
PB Ratio	1.42
P/FCF Ratio	15.76
PEG Ratio	1.63

Financial Ratio History

Enterprise Valuation

The enterprise value is 1.41B. Enterprise value adds debt and subtracts cash from the company's market cap, providing an alternative valuation for the company.

EV / Sales	5.41
EV / EBITDA	n/a
EV / EBIT	19.51
EV / FCF	20.7

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	0.62
Debt / EBITDA	n/a
Debt / FCF	6.91
Interest Coverage

Financial Efficiency

Return on Equity is 13.73%, and return on invested capital is 0%.

Return on Equity	13.73%
Return on Assets	1.47%
Return on Invested Capital	n/a
Revenue Per Employee	$315.36K
Profits Per Employee	$115.13K
Employee Count	827
Asset Turnover	0.04
Inventory Turnover	n/a

Taxes

Income Tax	16.74M
Effective Tax Rate	14.95%

Stock Price Statistics

The stock price has increased by 30.09% in the past year.

Beta	0.81
52-Week Price Change	30.09%
50-Day Moving Average	57.15
200-Day Moving Average	51.81
Relative Strength Index (RSI)	74.85
Average Volume (20 Days)	141,782

Income Statement

In the last 12 months, Mercantile Bank had revenue of 260.81M and earned 95.21M in profits. Earnings per share was 5.69.

Revenue	260.81M
Gross Profit	n/a
Operating Income	n/a
Net Income	95.21M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	5.69

Full Income Statement

Balance Sheet

Mercantile Bank has 340.93M in cash on the balance sheet. Total assets are 6.82B, and total liabilities are 471.51M.

Cash & Cash Equivalents	340.93M
Total Debt	471.51M
Net Cash	-130.58M
Retained Earnings	434.79M
Total Assets	6.82B
Working Capital	n/a

Full Balance Sheet

Cash Flow

Mercantile Bank's operating cash flow was 72.33M over the trailing twelve months.

Operating Cash Flow	72.33M
Capital Expenditures	-4.13M
Free Cash Flow	68.2M
FCF Per Share	3.945

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	n/a
Pretax Margin	42.92%
Profit Margin	36.51%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	26.15%

Dividends & Yields

Mercantile Bank pays an annual dividend of $1.56, which amounts to a dividend yield of 2.54%.

Dividend Per Share	$1.56
Dividend Yield	2.54%
Dividend Growth (YoY)	6.02%
Payout Ratio	27.07%
Earnings Yield	9.15%
FCF Yield	6.35%

Dividend Details

Analyst Forecast

Price Target	$63.5
Price Target Difference	2.16%
Analyst Consensus	n/a
Analyst Count	6

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the fair value of a stock. The Graham Number estimates a fair value of $74.78, representing a potential upside of 20.3%.

Lynch Fair Value	$4.84
Lynch Upside	-92.21%
Graham Number	74.78
Graham Upside	20.3%

Stock Splits

The most recent stock split was a forward 105:100 split that occurred on Apr 19, 2007.

Last Split Date	Apr 19, 2007
Split Type	forward
Split Ratio	105:100

Scores

Altman Z-Score	n/a
Piotroski F-Score	3