US › Financial Services

Mercantile Bank Corporation (MBWM)

US · Financial Services · Banks - Regional

$61.93+1.99%
Last close · 2026-08-04

Latest quarter · ended 2026-06-30

Revenue
$98.2M
Revenue YoY
+5.1%
Net profit
$25.9M
Profit YoY
+14.6%
EPS
$1.53
EPS estimate
$1.34
Net margin
26.4%

EPS came in at 1.53 against a street estimate of 1.34 — a beat of 14.2%.

Key statistics

Market cap
$1.04B
P/E
10.6
Forward P/E
10.9
P/B
1.38
Book value
$43.68
EPS (TTM)
$5.69
Dividend yield
2.58%
52-week high
$62.39
52-week low
$41.78
50-day MA
$55.76
200-day MA
$51.15
Beta
0.81

Analyst view

Analysts rate Mercantile Bank Corporation a buy (2 buy, 3 hold, 0 sell out of 5) with an average price target of $63.17.

Shareholding

Insiders
3.10%
Institutions
69.26%

Largest institutional holders

FundStake
BlackRock Inc8.03%
Wellington Management Company LLP6.88%
Dimensional Fund Advisors, Inc.5.98%
Vanguard Capital Management, LLC4.07%
American Century Companies Inc3.25%
State Street Corp2.91%
Renaissance Technologies Corp2.73%
Geode Capital Management, LLC2.52%

See the full picture

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Data updated 2026-08-05.