Mercantile Bank Corporation (MBWM)Financial Services | Banks - Regional | Grand Rapids, United States | NasdaqGS
53.68 USD
+1.38
(2.639%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 54.73 +1.05 (1.956%) ⇧ (April 17, 2026, 6 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★★★★☆ | Dividends: ★★★★☆ |
Hot Take | April 11, 2026, 4:17 p.m. EDT
Mercantile Bank Corporation (MBWM) shows a stable dividend with a consistent payout and a reasonable yield, making it an attractive option for income-focused investors. The recent price movements indicate a consolidation phase, with the stock hovering near its 52-week high. While the short-term forecast shows a modest upward trend, long-term fundamentals and strong analyst recommendations suggest a buy-and-hold approach. The options data reflects cautious sentiment, suggesting that investors might be waiting for a clearer direction before committing. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.031073 |
| AutoETS | 0.033672 |
| AutoARIMA | 0.033672 |
| AutoTheta | 0.044285 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.47 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.200 |
| Excess Kurtosis | -1.28 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-03-05 |
| Last Dividend Date | 2026-03-05 |
| Revenue per Share | 14.685 |
| Market Cap | 927,212,480 |
| Trailing P/E | 9.81 |
| Forward P/E | 9.00 |
| Beta | 0.87 |
| Profit Margins | 37.22% |
| Website | https://www.mercbank.com |
As of April 11, 2026, 4:17 p.m. EDT: Options activity suggests a mixed sentiment. The calls for near-term expirations show limited positioning with ATM strikes, indicating possible consolidation or wait-and-see attitude. However, the puts for 2026-06-18 have some OI at lower strikes, which could imply caution or potential downside protection. The overall options data does not strongly signal a clear direction for the near-term price movement.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.77% | 3.24% | 3.76% | 3.95% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-06 | 0.390000 | 0.774886 |
| 2025-12-05 | 0.380000 | 0.822327 |
| 2025-09-05 | 0.380000 | 0.792856 |
| 2025-06-06 | 0.370000 | 0.851471 |
| 2025-03-07 | 0.370000 | 0.838248 |
| 2024-12-06 | 0.360000 | 0.741825 |
| 2024-09-06 | 0.360000 | 0.880702 |
| 2024-06-07 | 0.350000 | 1.016236 |
| 2024-02-29 | 0.350000 | 1.013631 |
| 2023-11-30 | 0.340000 | 1.065029 |
| 2023-08-31 | 0.340000 | 1.108002 |
| 2023-06-01 | 0.330000 | 1.370081 |
| 2023-03-02 | 0.330000 | 1.068715 |
| 2022-12-01 | 0.320000 | 1.036292 |
| 2022-09-01 | 0.320000 | 1.101122 |
| 2022-06-02 | 0.310000 | 1.094735 |
| 2022-03-03 | 0.310000 | 0.955276 |
| 2021-12-02 | 0.300000 | 1.027155 |
| 2021-09-02 | 0.300000 | 1.126120 |
| 2021-06-03 | 0.290000 | 1.060213 |
| 2021-03-04 | 0.290000 | 1.138063 |
| 2020-12-03 | 0.280000 | 1.349526 |
| 2020-09-03 | 0.280000 | 1.596010 |
| 2020-06-04 | 0.280000 | 1.471962 |
| 2020-03-05 | 0.280000 | 1.262956 |
| 2019-12-05 | 0.270000 | 0.975489 |
| 2019-09-05 | 0.270000 | 1.111182 |
| 2019-06-06 | 0.260000 | 1.067868 |
| 2019-03-07 | 0.260000 | 1.023466 |
| 2018-12-06 | 1.000000 | 4.574688 |
| 2018-09-06 | 0.240000 | 0.943210 |
| 2018-06-07 | 0.220000 | 0.804715 |
| 2018-03-08 | 0.220000 | 0.852471 |
| 2017-12-07 | 0.190000 | 0.730034 |
| 2017-09-07 | 0.190000 | 0.905059 |
| 2017-06-07 | 0.180000 | 0.806084 |
| 2017-03-08 | 0.180000 | 0.762558 |
| 2016-12-07 | 0.670000 | 2.773379 |
| 2016-09-07 | 0.170000 | 0.912903 |
| 2016-06-08 | 0.160000 | 0.922525 |
| 2016-03-09 | 0.160000 | 1.009730 |
| 2015-12-09 | 0.150000 | 0.892190 |
| 2015-09-09 | 0.150000 | 1.120535 |
| 2015-06-10 | 0.140000 | 1.019113 |
| 2015-03-11 | 0.140000 | 1.103384 |
| 2014-12-10 | 0.120000 | 0.925023 |
| 2014-09-10 | 0.120000 | 0.955456 |
| 2014-06-11 | 0.120000 | 0.921899 |
| 2014-05-20 | 2.000000 | 14.514565 |
| 2014-02-06 | 0.120000 | 1.037343 |
| 2013-11-06 | 0.120000 | 0.925476 |
| 2013-08-07 | 0.120000 | 1.055432 |
| 2013-05-08 | 0.110000 | 1.105263 |
| 2013-02-06 | 0.100000 | 1.040100 |
| 2012-11-07 | 0.090000 | 1.062752 |
| 2010-02-08 | 0.010000 | 0.505876 |
| 2009-11-06 | 0.010000 | 0.475437 |
| 2009-08-06 | 0.010000 | 0.460492 |
| 2009-05-06 | 0.010000 | 0.453340 |
| 2009-02-06 | 0.040000 | 1.667227 |
| 2008-11-06 | 0.040000 | 0.947179 |
| 2008-08-06 | 0.040000 | 0.771067 |
| 2008-05-07 | 0.080000 | 1.422973 |
| 2008-02-06 | 0.150000 | 1.914174 |
| 2007-11-07 | 0.140000 | 1.521470 |
| 2007-08-08 | 0.140000 | 1.230087 |
| 2007-05-08 | 0.140000 | 0.947740 |
| 2007-02-07 | 0.133333 | 0.753597 |
| 2006-11-08 | 0.123810 | 0.631002 |
| 2006-08-08 | 0.123810 | 0.623311 |
| 2006-05-15 | 0.123810 | 0.643274 |
| 2006-02-08 | 0.108844 | 0.602781 |
| 2005-11-08 | 0.099773 | 0.527662 |
| 2005-08-08 | 0.099773 | 0.469910 |
| 2005-05-06 | 0.095022 | 0.514808 |
| 2005-02-08 | 0.086384 | 0.421803 |
| 2004-11-08 | 0.077745 | 0.449089 |
| 2004-08-06 | 0.077745 | 0.520357 |
| 2004-05-06 | 0.077745 | 0.479181 |
| 2004-02-06 | 0.074043 | 0.485637 |
| 2003-11-06 | 0.065816 | 0.472553 |
| 2003-08-07 | 0.065816 | 0.486462 |
| 2003-05-08 | 0.065816 | 0.587984 |
| 2003-02-06 | 0.065816 | 0.636954 |
| 2003-01-15 | 0.069100 | 0.669803 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.33333337 |
| Address1 | 310 Leonard Street NW |
| All Time High | 55.77 |
| All Time Low | 2.84 |
| Ask | 53.95 |
| Ask Size | 1 |
| Audit Risk | 5 |
| Average Daily Volume10 Day | 130,670 |
| Average Daily Volume3 Month | 109,712 |
| Average Volume | 109,712 |
| Average Volume10Days | 130,670 |
| Beta | 0.867 |
| Bid | 53.46 |
| Bid Size | 1 |
| Board Risk | 3 |
| Book Value | 42.191 |
| City | Grand Rapids |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 53.68 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 54.88 |
| Day Low | 52.83 |
| Display Name | Mercantile Bank |
| Dividend Date | 1,773,792,000 |
| Dividend Rate | 1.56 |
| Dividend Yield | 2.9 |
| Earnings Call Timestamp End | 1,776,780,000 |
| Earnings Call Timestamp Start | 1,776,780,000 |
| Earnings Growth | 0.161 |
| Earnings Quarterly Growth | 0.164 |
| Earnings Timestamp | 1,776,774,600 |
| Earnings Timestamp End | 1,776,774,600 |
| Earnings Timestamp Start | 1,776,774,600 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 4.979 |
| Enterprise Value | 1,187,284,608 |
| Eps Current Year | 5.6 |
| Eps Forward | 5.96667 |
| Eps Trailing Twelve Months | 5.47 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,772,755,200 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 51.9808 |
| Fifty Day Average Change | 1.6991997 |
| Fifty Day Average Change Percent | 0.032688987 |
| Fifty Two Week Change Percent | 33.333336 |
| Fifty Two Week High | 55.77 |
| Fifty Two Week High Change | -2.0900002 |
| Fifty Two Week High Change Percent | -0.037475348 |
| Fifty Two Week Low | 39.23 |
| Fifty Two Week Low Change | 14.450001 |
| Fifty Two Week Low Change Percent | 0.36834058 |
| Fifty Two Week Range | 39.23 - 55.77 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 932,477,400,000 |
| Five Year Avg Dividend Yield | 3.51 |
| Float Shares | 16,721,263 |
| Forward Eps | 5.96667 |
| Forward P E | 8.996643 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 744 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.0 |
| Gross Profits | 238,452,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.03051 |
| Held Percent Institutions | 0.63522 |
| Implied Shares Outstanding | 17,272,961 |
| Industry | Banks - Regional |
| Industry Disp | Banks - Regional |
| Industry Key | banks-regional |
| Ir Website | https://www.mercbank.com/investor/index.asp |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,772,755,200 |
| Last Dividend Value | 0.39 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,176,940,800 |
| Last Split Factor | 105:100 |
| Long Business Summary | Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. |
| Long Name | Mercantile Bank Corporation |
| Market | us_market |
| Market Cap | 927,212,480 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_410780 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | 88,753,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 927,820,628 |
| Number Of Analyst Opinions | 6 |
| Open | 52.83 |
| Operating Cashflow | 17,973,000 |
| Operating Margins | 0.48092 |
| Overall Risk | 5 |
| Payout Ratio | 0.2742 |
| Peg Ratio | 1.63 |
| Phone | 616 406 3000 |
| Post Market Change | 1.0499992 |
| Post Market Change Percent | 1.9560343 |
| Post Market Price | 54.73 |
| Post Market Time | 1,776,463,204 |
| Previous Close | 52.3 |
| Price Eps Current Year | 9.585714 |
| Price Hint | 2 |
| Price To Book | 1.2723092 |
| Price To Sales Trailing12 Months | 3.888466 |
| Profit Margins | 0.3722 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 1.38 |
| Regular Market Change Percent | 2.63863 |
| Regular Market Day High | 54.88 |
| Regular Market Day Low | 52.83 |
| Regular Market Day Range | 52.83 - 54.88 |
| Regular Market Open | 52.83 |
| Regular Market Previous Close | 52.3 |
| Regular Market Price | 53.68 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 171,782 |
| Return On Assets | 0.01377 |
| Return On Equity | 0.13555999 |
| Revenue Growth | 0.097 |
| Revenue Per Share | 14.685 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 17,271,419 |
| Shares Percent Shares Out | 0.020499999 |
| Shares Short | 354,221 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 226,103 |
| Short Name | Mercantile Bank Corporation |
| Short Percent Of Float | 0.021 |
| Short Ratio | 2.89 |
| Source Interval | 15 |
| State | MI |
| Symbol | MBWM |
| Target High Price | 59.0 |
| Target Low Price | 54.0 |
| Target Mean Price | 56.83333 |
| Target Median Price | 57.0 |
| Total Cash | 496,536,000 |
| Total Cash Per Share | 28.746 |
| Total Debt | 756,608,000 |
| Total Revenue | 238,452,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.5 |
| Trailing Annual Dividend Yield | 0.02868069 |
| Trailing Eps | 5.47 |
| Trailing P E | 9.813529 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 48.5508 |
| Two Hundred Day Average Change | 5.1292 |
| Two Hundred Day Average Change Percent | 0.105646044 |
| Type Disp | Equity |
| Volume | 171,782 |
| Website | https://www.mercbank.com |
| Zip | 49,504 |