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Mercantile Bank Corporation (MBWM)

Financial Services | Banks - Regional | Grand Rapids, United States | NasdaqGS
58.32 USD +0.63 (1.092%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
After hours: 58.32
Short-term:★★⯪☆☆Long-term:★★★★☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 9:18 a.m. EDT

Mercantile Bank presents a compelling case for patient capital, driven by a robust recovery in its multi-year price trajectory and solid operational fundamentals. The stock has successfully erased previous declines, posting a +60% gain over the last nine years with no consecutive negative returns at the end of the window, signaling a healthy trend reversal. Fundamentally, the bank is executing well with 19% revenue growth and a 14.6% quarterly earnings surge, trading at a reasonable 10x forward earnings while maintaining a healthy 27% payout ratio. The recent dividend hike to $0.40 reinforces management's confidence in cash flow stability. However, the short-term outlook remains muted due to a lack of catalysts. The statistical forecasting model indicates a slight negative lean (-0.14%) over the next 45 days, and the options market is virtually silent, offering no clear directional bias from speculators. While the long-term thesis is strong, the immediate path appears flat, making this a 'hold' for the near term while waiting for the next earnings beat or rate decision to spark momentum.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.014907
MSTL0.015031
AutoTheta0.033864
AutoARIMA0.063915

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 60%
H-stat 0.58
Ljung-Box p 0.000
Jarque-Bera p 0.487
Excess Kurtosis -0.85
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-03
Last Dividend Date 2026-09-03
Revenue per Share 15.749
Market Cap 1,008,115,328
Trailing P/E 10.25
Forward P/E 10.15
Beta 0.84
Profit Margins 36.08%
Website https://www.mercbank.com

As of Oct. 10, 2026, 9:18 a.m. EDT: Speculator positioning is extremely thin across all expirations, indicating a lack of active directional bets. The sparse open interest suggests the market is currently in a wait-and-see mode rather than aggressively hedging or betting on a specific breakout.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.64% 2.97% 3.28% 3.53%
Dividend History
Date Dividend Yield %
2026-09-04 0.400000 0.643708
2026-06-05 0.390000 0.739477
2026-03-06 0.390000 0.774886
2025-12-05 0.380000 0.816151
2025-09-05 0.380000 0.780608
2025-06-06 0.370000 0.831835
2025-03-07 0.370000 0.811938
2024-12-06 0.360000 0.712730
2024-09-06 0.360000 0.840140
2024-06-07 0.350000 0.961538
2024-02-29 0.350000 0.950054
2023-11-30 0.340000 0.988660
2023-08-31 0.340000 1.018574
2023-06-01 0.330000 1.246694
2023-03-02 0.330000 0.960140
2022-12-01 0.320000 0.922190
2022-09-01 0.320000 0.970874
2022-06-02 0.310000 0.955905
2022-03-03 0.310000 0.826226
2021-12-02 0.300000 0.881057
2021-09-02 0.300000 0.957243
2021-06-03 0.290000 0.892582
2021-03-04 0.290000 0.949574
2020-12-03 0.280000 1.115538
2020-09-03 0.280000 1.304753
2020-06-04 0.280000 1.187951
2020-03-05 0.280000 1.007194
2019-12-05 0.270000 0.770548
2019-09-05 0.270000 0.870968
2019-06-06 0.260000 0.829611
2019-03-07 0.260000 0.788596
2018-12-06 1.000000 3.497726
2018-09-06 0.240000 0.696864
2018-06-07 0.220000 0.590446
2018-03-08 0.220000 0.621820
2017-12-07 0.190000 0.529248
2017-09-07 0.190000 0.652697
2017-06-07 0.180000 0.577664
2017-03-08 0.180000 0.543314
2016-12-07 0.670000 1.965386
2016-09-07 0.170000 0.634565
2016-06-08 0.160000 0.637196
2016-03-09 0.160000 0.692941
2015-12-09 0.150000 0.608026
2015-09-09 0.150000 0.759109
2015-06-10 0.140000 0.685267
2015-03-11 0.140000 0.736842
2014-12-10 0.120000 0.613183
2014-09-10 0.120000 0.629591
2014-06-11 0.120000 0.603622
2014-05-20 2.000000 9.447331
2014-02-06 0.120000 0.618238
2013-11-06 0.120000 0.548196
2013-08-07 0.120000 0.621762
2013-05-08 0.110000 0.647059
2013-02-06 0.100000 0.604961
2012-11-07 0.090000 0.614334
2010-02-08 0.010000 0.290698
2009-11-06 0.010000 0.272480
2009-08-06 0.010000 0.263158
2009-05-06 0.010000 0.258398
2009-02-06 0.040000 0.947867
2008-11-06 0.040000 0.533333
2008-08-06 0.040000 0.431965
2008-05-07 0.080000 0.793651
2008-02-06 0.150000 1.059322
2007-11-07 0.140000 0.833333
2007-08-08 0.140000 0.668258
2007-05-08 0.140000 0.511322
2007-02-07 0.133333 0.404506
2006-11-08 0.123810 0.337313
2006-08-08 0.123810 0.332057
2006-05-15 0.123810 0.341567
2006-02-08 0.108844 0.318981
2005-11-08 0.099773 0.278339
2005-08-08 0.099773 0.247190
2005-05-06 0.095022 0.270137
2005-02-08 0.086384 0.220751
2004-11-08 0.077745 0.234496
2004-08-06 0.077745 0.271083
2004-05-06 0.077745 0.248961
2004-02-06 0.074043 0.251677
2003-11-06 0.065816 0.244274
2003-08-07 0.065816 0.250862
2003-05-08 0.065816 0.302457
2003-02-06 0.065816 0.326663
2003-01-15 0.069100 0.342403
Additional Data
dividendYield 2.69
exDividendDate 2026-09-04
trailingAnnualDividendRate 1.54
trailingAnnualDividendYield 0.0266944
lastDividendValue 0.4
lastDividendDate 2026-09-04
dividendDate 2026-09-16

Info Dump

Attribute Value
52 Week Change 0.33761466
Address1 310 Leonard Street NW
All Time High 62.95
All Time Low 2.84
Ask 74.95
Ask Size 2
Audit Risk 6
Average Analyst Rating 2.7 - Hold
Average Daily Volume10 Day 110,110
Average Daily Volume3 Month 118,851
Average Volume 118,851
Average Volume10Days 110,110
Beta 0.842
Bid 42.07
Bid Size 2
Board Risk 3
Book Value 43.684
City Grand Rapids
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 4
Country United States
Crypto Tradeable 0
Currency USD
Current Price 58.32
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 58.81
Day Low 58.05
Display Name Mercantile Bank
Dividend Date 1,789,516,800
Dividend Yield 2.69
Earnings Call Timestamp End 1,792,526,400
Earnings Call Timestamp Start 1,792,526,400
Earnings Growth 0.079
Earnings Quarterly Growth 0.146
Earnings Timestamp 1,792,499,400
Earnings Timestamp End 1,792,499,400
Earnings Timestamp Start 1,792,499,400
Ebitda Margins 0.0
Enterprise To Revenue 5.153
Enterprise Value 1,359,790,336
Eps Current Year 5.67667
Eps Forward 5.74667
Eps Trailing Twelve Months 5.69
Esg Populated 0
Ex Dividend Date 1,788,480,000
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 59.9476
Fifty Day Average Change -1.6276016
Fifty Day Average Change Percent -0.027150404
Fifty Two Week Change Percent 33.761467
Fifty Two Week High 62.95
Fifty Two Week High Change -4.630001
Fifty Two Week High Change Percent -0.073550455
Fifty Two Week Low 42.88
Fifty Two Week Low Change 15.439999
Fifty Two Week Low Change Percent 0.36007458
Fifty Two Week Range 42.88 - 62.95
Financial Currency USD
First Trade Date Milliseconds 932,477,400,000
Five Year Avg Dividend Yield 3.35
Float Shares 16,839,606
Forward Eps 5.74667
Forward P E 10.148486
Full Exchange Name NasdaqGS
Full Time Employees 827
Fullday Change 0.63000107
Fullday Change Percent 1.0920455
Fullday Price 58.32
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.0
Gross Profits 263,907,008
Has Pre Post Market Data 1
Held Percent Insiders 0.031
Held Percent Institutions 0.7098
Implied Shares Outstanding 17,285,929
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 1,788,480,000
Last Dividend Value 0.4
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 1,008,115,328
Market State PREPRE
Max Age 86,400
Message Board Id finmb_410780
Most Recent Quarter 1,782,777,600
Net Income To Common 95,210,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,038,537,532
Number Of Analyst Opinions 6
Open 58.06
Operating Cashflow 72,332,000
Operating Margins 0.45551997
Overall Risk 4
Payout Ratio 0.2707
Peg Ratio 1.63
Phone 616 406 3000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 58.32
Post Market Time 1,792,094,465
Previous Close 57.69
Price Eps Current Year 10.273628
Price Hint 2
Price To Book 1.3350426
Price To Sales Trailing12 Months 3.8199642
Profit Margins 0.36077
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.66667
Region US
Regular Market Change 0.630001
Regular Market Change Percent 1.09205
Regular Market Day High 58.81
Regular Market Day Low 58.05
Regular Market Day Range 58.05 - 58.81
Regular Market Open 58.06
Regular Market Previous Close 57.69
Regular Market Price 58.32
Regular Market Time 1,792,094,401
Regular Market Volume 98,611
Return On Assets 0.01465
Return On Equity 0.13732
Revenue Growth 0.189
Revenue Per Share 15.749
Sand P52 Week Change 0.16207206
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 6
Shares Outstanding 17,285,929
Shares Percent Shares Out 0.036199998
Shares Short 626,403
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 519,444
Short Name Mercantile Bank Corporation
Short Percent Of Float 0.0372
Short Ratio 5.38
Source Interval 15
State MI
Symbol MBWM
Target High Price 65.0
Target Low Price 60.0
Target Mean Price 63.16667
Target Median Price 63.5
Total Cash 357,854,016
Total Cash Per Share 20.702
Total Debt 709,529,024
Total Revenue 263,907,008
Tradeable 0
Trailing Annual Dividend Rate 1.54
Trailing Annual Dividend Yield 0.0266944
Trailing Eps 5.69
Trailing P E 10.24956
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 54.8041
Two Hundred Day Average Change 3.5158997
Two Hundred Day Average Change Percent 0.064153954
Type Disp Equity
Volume 98,611
Website https://www.mercbank.com
Zip 49,504