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 6,823 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
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
8% more capital invested
Capital invested by funds: $405M [Q2] → $439M (+$34.2M) [Q3]
0.45% more ownership
Funds ownership: 61.96% [Q2] → 62.41% (+0.45%) [Q3]
0% more funds holding
Funds holding: 161 [Q2] → 161 (+0) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$57
17%
upside
Avg. target
$57
17%
upside
High target
$57
17%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 32% 1-year accuracy 7 / 22 met price target | 17%upside $57 | Outperform Maintained | 22 Jan 2025 |
Financial journalist opinion
Based on 9 articles about MBWM published over the past 30 days
Neutral
Seeking Alpha
1 day ago
Mercantile Bank Corporation (MBWM) Q4 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q4 2024 Earnings Conference Call January 21, 2025 10:00 AM ET Company Participants Nichole Kladder - First Vice President and Chief Marketing Officer Raymond Reitsma - President and Chief Executive Officer Charles Christmas - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Fourth Quarter Earnings Conference Call. All participants will be in listen-only mode.
Neutral
Zacks Investment Research
1 day ago
Compared to Estimates, Mercantile Bank (MBWM) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 day ago
Mercantile Bank (MBWM) Q4 Earnings and Revenues Beat Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.25 per share a year ago.
Neutral
PRNewsWire
1 day ago
Mercantile Bank Corporation Announces Robust Fourth Quarter and Full-Year 2024 Results
Strong commercial loan and local deposit growth, notable increase in noninterest income, and ongoing strength in asset quality metrics highlight the year GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the fourth quarter of 2024, compared with net income of $20.0 million, or $1.25 per diluted share, for the respective prior-year period.
Neutral
PRNewsWire
1 day ago
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich. , Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on March 19, 2025, to holders of record as of March 7, 2025.
Positive
Zacks Investment Research
1 week ago
Seeking Clues to Mercantile Bank (MBWM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Mercantile Bank (MBWM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Positive
Zacks Investment Research
1 week ago
Mercantile Bank (MBWM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Mercantile Bank (MBWM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
1 week ago
Mercantile Bank (MBWM) Upgraded to Buy: Here's What You Should Know
Mercantile Bank (MBWM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
PRNewsWire
2 weeks ago
Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , Jan. 2, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Negative
Seeking Alpha
3 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.
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