Mercantile Bank Corp.

Mercantile Bank Corp.

MBWM

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Market Cap$998.11M
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Mercantile Bank Corp.Mercantile Bank Corp.10.22.7%13%2.91
$63.00

Target Price by Analysts

9.2% upsideMercantile Bank Target Price DetailsTarget Price
$111.39

Current Fair Value

93.1% upside

Undervalued by 93.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$998.11 Million
Enterprise Value$1.65 Billion
Dividend Yield$1.56 (2.70%)
Earnings per Share$5.46
Beta0.84
Outstanding Shares17,257,766

Return

Return on Equity12.92%ROE
Return on Assets1.37%
Return on Invested Capital2.14%

Valuation & Multiples

P/E Ratio10.17P/E Ratio
PEG69.53PEG
Price to Sales2.88Price to Sales
Price to Book Ratio1.37Price to Book Ratio
Enterprise Value to Revenue4.68
Enterprise Value to EBIT11.46
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
July 28, 2026
EPS Estimate
$1.36
Average shareholder expectation
Revenue Estimate
$69.03 M
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$1.35
Average shareholder expectation
Revenue Estimate
$70.84 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 %0.43%▼ 70.25%
Total Invested$4.36M▼ 99.38%
Investors Holding7▼ 200.00%

ESG Score

No data

About Mercantile Bank Corp.

CEO: Robert Kaminski