Mercantile Bank

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About MBWM

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. 

CEO
Raymond E. Reitsma
CEORaymond E. Reitsma
Employees
648
Employees648
Headquarters
Grand Rapids, Michigan
HeadquartersGrand Rapids, Michigan
Founded
1997
Founded1997
Employees
648
Employees648

MBWM Key Statistics

Market cap
798.54M
Market cap798.54M
Price-Earnings ratio
9.22
Price-Earnings ratio9.22
Dividend yield
3.08%
Dividend yield3.08%
Average volume
102.38K
Average volume102.38K
High today
$49.31
High today$49.31
Low today
$48.60
Low today$48.60
Open price
$48.74
Open price$48.74
Volume
22.62K
Volume22.62K
52 Week high
$51.89
52 Week high$51.89
52 Week low
$37.76
52 Week low$37.76

Stock Snapshot

With a market cap of 798.54M, Mercantile Bank(MBWM) trades at $49.13. The stock has a price-to-earnings ratio of 9.22 and currently yields dividends of 3.1%.

During the trading session on 2026-01-14, Mercantile Bank(MBWM) shares reached a daily high of $49.31 and a low of $48.60. At a current price of $49.13, the stock is +1.1% higher than the low and still -0.4% under the high.

Trading activity shows a volume of 22.62K, compared to an average daily volume of 102.38K.

Over the past 52 weeks, Mercantile Bank(MBWM) stock has traded between a high of $51.89 and a low of $37.76.

Over the past 52 weeks, Mercantile Bank(MBWM) stock has traded between a high of $51.89 and a low of $37.76.

MBWM News

TipRanks 6d
Mercantile Bank price target raised to $55.50 from $55 at Piper Sandler

Piper Sandler raised the firm’s price target on Mercantile Bank (MBWM) to $55.50 from $55 and keeps a Neutral rating on the shares. The firm updates its estimat...

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