Mercantile Bank Corp (MBWM)

• Market cap: $760M
• 1 day: 0.02%
• 5 days: -2.46%
• 1 month: 0.02%
• 3 months: 8.56%
• 6 months: 4.96%
• Year to date: 6.9%
• 1 year: 4.09%
• 5 years: 134.3%
• 10 years: 130.27%
• Sector: Financials
• Industry: Banks - Regional

About: Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Employees: 682

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 15

7% more capital invested

Capital invested by funds: $452M [Q1] → $484M (+$31.9M) [Q2]

3% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 68

1% more funds holding

Funds holding: 193 [Q1] → 194 (+1) [Q2]

0.12% more ownership

Funds ownership: 64.06% [Q1] → 64.18% (+0.12%) [Q2]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55
• Avg. target: $56
• High target: $56

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Raymond James Daniel Tamayo	$55	Outperform Upgraded	24 Jul 2025
Piper Sandler Nathan Race	$56	Neutral Maintained	23 Jul 2025
Keefe, Bruyette & Woods Damon Delmonte	$56	Outperform Maintained	23 Jul 2025