Mercantile Bank Corp.

Mercantile Bank Corp.

MBWM

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Market Cap$986.19M
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Mercantile Bank Corp.Mercantile Bank Corp.10.22.7%12%31
$60.00

Target Price by Analysts

3.8% upsideMercantile Bank Target Price DetailsTarget Price
$120.04

Current Fair Value

107.6% upside

Undervalued by 107.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$986.19 Million
Enterprise Value$1.64 Billion
Dividend Yield$1.54 (2.70%)
Earnings per Share$5.46
Beta0.83
Outstanding Shares17,237,249

Return

Return on Equity12.47%ROE
Return on Assets1.32%
Return on Invested Capital2.55%

Valuation & Multiples

P/E Ratio10.25P/E Ratio
PEG63.61PEG
Price to Sales3.04Price to Sales
Price to Book Ratio1.38Price to Book Ratio
Enterprise Value to Revenue4.99
Enterprise Value to EBIT9.57
Enterprise Value to Net Income17
Total Debt to Enterprise0.43
Debt to Equity0.95Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$1.29
Average shareholder expectation
Revenue Estimate
$67.41 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 21, 2026
EPS Estimate
$1.34
Average shareholder expectation
Revenue Estimate
$68.79 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.00000%
Total Calls-
Total Puts-

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %67.82% 1.55%
Total Invested$590.30M 13.88%
Investors Holding199 6.00%

ESG Score

No data

About Mercantile Bank Corp.

CEO: Robert Kaminski