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
744
Employees744
Headquarters
Grand Rapids, Michigan
HeadquartersGrand Rapids, Michigan
Founded
1997
Founded1997
Employees
744
Employees744

MBWM Key Statistics

Market cap
1.01B
Market cap1.01B
Price-Earnings ratio
10.54
Price-Earnings ratio10.54
Dividend yield
2.62%
Dividend yield2.62%
Average volume
154.73K
Average volume154.73K
High today
$59.30
High today$59.30
Low today
$57.26
Low today$57.26
Open price
$58.07
Open price$58.07
Volume
146.60K
Volume146.60K
52 Week high
$60.40
52 Week high$60.40
52 Week low
$42.75
52 Week low$42.75

Stock Snapshot

As of today, Mercantile Bank(MBWM) shares are valued at $58.50. The company's market cap stands at 1.01B, with a P/E ratio of 10.54 and a dividend yield of 2.62%.

During the trading session on 2026-07-25, Mercantile Bank(MBWM) shares reached a daily high of $59.30 and a low of $57.26. At a current price of $58.50, the stock is +2.2% higher than the low and still -1.3% under the high.

Trading activity shows a volume of 146.6K, compared to an average daily volume of 154.73K.

The stock's 52-week range extends from a low of $42.75 to a high of $60.40.

The stock's 52-week range extends from a low of $42.75 to a high of $60.40.

MBWM News

TipRanks 3d
Mercantile Bank price target raised to $65 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Mercantile Bank (MBWM) to $65 from $60 and keeps a Neutral rating on the shares. The firm notes the company post...

TipRanks 3d
Mercantile Bank downgraded to Market Perform from Outperform at Hovde Group

Hovde Group analyst Brendan Nosal downgraded Mercantile Bank (MBWM) to Market Perform from Outperform with an unchanged price target of $62. Unlock powerful in...

TipRanks 3d
Mercantile Bank Earnings Call Highlights Profitable Growth

Mercantile Bank ((MBWM)) has held its Q2 earnings call. Read on for the main highlights of the call. Claim 55% Off TipRanks Unlock powerful investing tools with...

Analyst ratings

67%

of 6 ratings
Buy
33.3%
Hold
66.7%
Sell
0%

More MBWM News

TipRanks 4d
Mercantile Bank posts strong second-quarter 2026 results

Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions Subscribe to TipRanks Smart Investor Newsletter, and...

Nasdaq 4d
Mercantile Bank Surpasses Q2 Earnings Estimates

Mercantile Bank (MBWM) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings o...

Mercantile Bank Surpasses Q2 Earnings Estimates
TipRanks 4d
Mercantile Bank reports Q2 adjusted EPS $1.53, consensus $1.33

Reports Q2 revenue $68.8M, consensus $68.85M. Reports Q2 tangible book value per share $38.42. “We are very pleased to report another quarter of strong financia...

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