Mercantile Bank CorpMBWM
MBWM
About: 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.
Employees: 665
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $44K | Put options by funds: $22K
18% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 51
8% more capital invested
Capital invested by funds: $403M [Q2] → $436M (+$33.1M) [Q3]
0.32% more ownership
Funds ownership: 61.59% [Q2] → 61.9% (+0.32%) [Q3]
0% more funds holding
Funds holding: 161 [Q2] → 161 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$56
23%
upside
Avg. target
$56
23%
upside
High target
$56
23%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 23%upside $56 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Negative
Seeking Alpha
2 months ago
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1% since April, outperforming the S&P 500, but asset quality concerns and potential interest rate cuts prompted a downgrade to “buy.”. Net interest income increased due to reduced credit loss provisions and higher interest-earning assets, though net interest margin continues to decline.
Neutral
Seeking Alpha
2 months ago
Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - President and CEO Charles Christmas - EVP and CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation 2024 Third Quarter Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
Positive
Zacks Investment Research
2 months ago
Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Mercantile Bank (MBWM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.30 per share a year ago.
Neutral
PRNewsWire
2 months ago
Mercantile Bank Corporation Announces Strong Third Quarter Results
Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for the third quarter of 2023.
Neutral
PRNewsWire
2 months ago
Mercantile Bank Corporation Declares Regular Cash Dividend
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024.
Positive
Zacks Investment Research
2 months ago
What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings
Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Positive
Zacks Investment Research
2 months ago
3 Bank Stocks Exhibiting Superb Earnings Growth
Coastal Financial, Esquire Financial Holdings, and Mercantile Bank from the Banks &Thrifts industry showcase solid earnings growth.
Neutral
PRNewsWire
2 months ago
Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Positive
Seeking Alpha
3 months ago
15 Upcoming Dividend Increases Including A King
This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.
Charts implemented using Lightweight Charts™