Financhill
Sell
45

MBWM Quote, Financials, Valuation and Earnings

Last price:
$45.46
Seasonality move :
5.65%
Day range:
$44.92 - $45.67
52-week range:
$33.46 - $52.98
Dividend yield:
3.08%
P/E ratio:
9.11x
P/S ratio:
3.18x
P/B ratio:
1.26x
Volume:
42.3K
Avg. volume:
69.7K
1-year change:
9.76%
Market cap:
$732.7M
Revenue:
$225.7M
EPS (TTM):
$4.98

Analysts' Opinion

  • Consensus Rating
    Mercantile Bank has received a consensus rating of Hold. The company's average rating is a Hold based on 0 Buy ratings, 4 Hold ratings, and 0 Sell ratings.
  • Price Target Upside
    According to analysts' consensus price target of $53.00, Mercantile Bank has an estimated upside of 16.77% from its current price of $45.56.
  • Price Target Downside
    According to analysts, the lowest downside price target is $48.00 representing 100% downside risk from its current price of $45.56.

Fair Value

  • According to the consensus of 4 analysts, Mercantile Bank has 16.77% upside to fair value with a price target of $53.00 per share.

MBWM vs. S&P 500

  • Over the past 5 trading days, Mercantile Bank has underperformed the S&P 500 by -8.07% suggesting its relative strength compared to the major market average is weak at this time.

Share Buyback

  • Mercantile Bank does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.

Revenue Growth

  • Mercantile Bank revenues have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Mercantile Bank reported revenues of $58M.

Earnings Growth

  • Mercantile Bank earnings have been falling on a year-over-year basis for 2 quarters in a row. In the most recent quarter Mercantile Bank reported earnings per share of $1.22.
Enterprise value:
257.2M
EV / Invested capital:
0.23x
Price / LTM sales:
3.18x
EV / EBIT:
1.16x
EV / Revenue:
1.12x
PEG ratio (5yr expected):
4.18x
EV / Free cash flow:
10.10x
Price / Operating cash flow:
28.70x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.45%
Net Income Margin (TTM):
34.8%
Return On Equity:
14.94%
Return On Invested Capital:
7.16%
Operating Margin:
--
Trailing 12 Months Fiscal Quarters
Period Ending 2022-09-30 2023-09-30 2024-09-30 2023-09-30 2024-09-30
Income Statement
Revenue $177.1M $227.2M $229.9M $58.2M $58M
Gross Profit -- -- -- -- --
Operating Income -- -- -- -- --
EBITDA -- -- -- -- --
Diluted EPS $3.22 $5.25 $4.98 $1.30 $1.22
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Balance Sheet
Current Assets $867M $1.4B $867M $858.3M $1B
Total Assets $4.4B $5B $5B $5.3B $5.9B
Current Liabilities $157M $175.9M $198.6M $164.1M $220.9M
Total Liabilities $4B $4.5B $4.6B $4.8B $5.3B
Total Equity $431.9M $452.3M $416.3M $483.2M $583.3M
Total Debt $441.4M $442.1M $475.6M $596.3M $556.5M
Trailing 12 Months Fiscal Quarters
Period Ending 2022-09-30 2023-09-30 2024-09-30 2023-09-30 2024-09-30
Cash Flow Statement
Cash Flow Operations $128.2M $111M $34M $36.4M -$8.1M
Cash From Investing -$682.1M -$249.1M -$521.4M -$51.7M -$153.9M
Cash From Financing $12.5M $120M $550M $73.5M $292.9M
Free Cash Flow $124.7M $104M $25.5M $35M -$13.7M
MBWM
Sector
Market Cap
$732.7M
$700.3M
Price % of 52-Week High
85.67%
88.31%
Dividend Yield
3.08%
2.2%
Shareholder Yield
4.48%
3.87%
1-Year Price Total Return
11.44%
7.75%
Beta (5-Year)
0.993
0.737
Dividend yield:
3.08%
Annualized payout:
$1.34
Payout ratio:
27.64%
Growth streak:
4 years

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Technicals

8-day SMA
Sell
Level $46.09
200-day SMA
Buy
Level $42.29
Bollinger Bands (100)
Buy
Level 42.35 - 48.45
Chaikin Money Flow
Sell
Level -414K
20-day SMA
Sell
Level $48.57
Relative Strength Index (RSI14)
Sell
Level 38.24
ADX Line
Sell
Level 12.39
Williams %R
Buy
Level -82.2548
50-day SMA
Sell
Level $47.46
MACD (12, 26)
Sell
Level -0.82
25-day Aroon Oscillator
Sell
Level -72
On Balance Volume
Neutral
Level 1.7M

Financial Scores

Sell
Altman Z-Score (Annual)
Level (0.423)
Sell
CA Score (Annual)
Level (-2.1524)
--
Beneish M-Score (Annual)
Level (--)
Buy
Momentum Score
Level (8)
Sell
Ohlson Score
Level (2.0866)
--
Piotroski F Score (Annual)
Level (--)
--
Quality Ratio Score
Level (--)
Buy
Fundamental Score
Level (8)

Revenue Forecast

Earnings per Share Forecast

Company Profile

Mercantile Bank Corp operates as a bank holding company. It provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Stock Forecast FAQ

In the current month, MBWM has received 0 Buy ratings 4 Hold ratings, and 0 Sell ratings. The MBWM average analyst price target in the past 3 months is $53.00.

  • Where Will Mercantile Bank Stock Be In 1 Year?

    According to analysts, the consensus estimate is that Mercantile Bank share price will rise to $53.00 per share over the next 12 months.

  • What Do Analysts Say About Mercantile Bank?

    Analysts are divided on their view about Mercantile Bank share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Mercantile Bank is a Sell and believe this share price will drop from its current level to $48.00.

  • What Is Mercantile Bank's Price Target?

    The price target for Mercantile Bank over the next 1-year time period is forecast to be $53.00 according to 4 Wall Street analysts, 0 of them rate the stock a Buy, 0 rate the stock a Sell, and 4 analysts rate the stock a Hold.

  • Is MBWM A Buy, Sell Or Hold?

    According to Wall Street analysts, the consensus rating for Mercantile Bank is a Hold. 4 of 4 analysts rate the stock a Hold at this time.

  • How Can I Buy Shares Of MBWM?

    You can purchase shares of Mercantile Bank via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Mercantile Bank shares.

  • What Is The Mercantile Bank Share Price Today?

    Mercantile Bank was last trading at $45.46 per share. This represents the most recent stock quote for Mercantile Bank. Yesterday, Mercantile Bank closed at $45.56 per share.

  • How To Buy Mercantile Bank Stock Online?

    In order to purchase Mercantile Bank stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.

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