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
998.63M
Market cap998.63M
Price-Earnings ratio
10.37
Price-Earnings ratio10.37
Dividend yield
2.66%
Dividend yield2.66%
Average volume
166.68K
Average volume166.68K
High today
$59.71
High today$59.71
Low today
$57.00
Low today$57.00
Open price
$58.99
Open price$58.99
Volume
139.90K
Volume139.90K
52 Week high
$59.71
52 Week high$59.71
52 Week low
$42.75
52 Week low$42.75

Stock Snapshot

As of today, Mercantile Bank(MBWM) shares are valued at $57.81. The company's market cap stands at 998.63M, with a P/E ratio of 10.37 and a dividend yield of 2.66%.

During the trading session on 2026-07-04, Mercantile Bank(MBWM) shares reached a daily high of $59.71 and a low of $57.00. At a current price of $57.81, the stock is +1.4% higher than the low and still -3.2% under the high.

Trading activity shows a volume of 139.9K, compared to an average daily volume of 166.68K.

The stock's 52-week range extends from a low of $42.75 to a high of $59.71.

The stock's 52-week range extends from a low of $42.75 to a high of $59.71.

MBWM News

Simply Wall St 21h
Is Mercantile Bank A Bargain As Russell 2000 Index Removal Clouds Valuation?

Mercantile Bank (MBWM) was recently removed from the Russell 2000 Dynamic Index. This change could influence its index-linked ownership, trading liquidity, and...

Is Mercantile Bank A Bargain As Russell 2000 Index Removal Clouds Valuation?
Simply Wall St 2d
Does Mercantile Bank’s Index Exit Quietly Reshape Its Long‑Term Investor Base and Story?

Mercantile Bank Corporation was recently removed from the Russell 2000 Dynamic Index, a shift that can alter how index-tracking funds and institutional investor...

Does Mercantile Bank’s Index Exit Quietly Reshape Its Long‑Term Investor Base and Story?

Analyst ratings

50%

of 6 ratings
Buy
50%
Hold
50%
Sell
0%

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