Mercantile Bank

1D
1W
1M
3M
YTD
1Y
5Y
ALL

Why Robinhood?

Robinhood gives you the tools you need to put your money in motion. You can buy or sell MBWM and other ETFs, options, and stocks.

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
842.58M
Market cap842.58M
Price-Earnings ratio
9.20
Price-Earnings ratio9.20
Dividend yield
2.98%
Dividend yield2.98%
Average volume
102.26K
Average volume102.26K
High today
$50.60
High today$50.60
Low today
$48.51
Low today$48.51
Open price
$50.28
Open price$50.28
Volume
292.19K
Volume292.19K
52 Week high
$55.77
52 Week high$55.77
52 Week low
$37.76
52 Week low$37.76

Stock Snapshot

Mercantile Bank(MBWM) stock is priced at $48.64, giving the company a market capitalization of 842.58M. It carries a P/E multiple of 9.20 and pays a dividend yield of 3.0%.

As of 2026-03-20, Mercantile Bank(MBWM) stock has fluctuated between $48.51 and $50.60. The current price stands at $48.64, placing the stock +0.3% above today's low and -3.9% off the high.

Mercantile Bank(MBWM) shares are trading with a volume of 292.19K, against a daily average of 102.26K.

In the last year, Mercantile Bank(MBWM) shares hit a 52-week high of $55.77 and a 52-week low of $37.76.

In the last year, Mercantile Bank(MBWM) shares hit a 52-week high of $55.77 and a 52-week low of $37.76.

MBWM News

TipRanks 1d
Mercantile Bank Adopts 2026 Performance-Based Executive Bonus Plan

Mercantile Bank ( (MBWM) ) has issued an announcement. On March 19, 2026, Mercantile Bank Corporation and its banking subsidiary adopted a 2026 executive offic...

TipRanks 2d
Tamilnad Mercantile Bank Faces Rs. 2.04 Billion Tax Demand, Plans Appeal

An announcement from Tamilnad Mercantile Bank Limited ( (IN:TMB) ) is now available. Tamilnad Mercantile Bank has disclosed that the Assessment Unit of the Inc...

People also own

Based on the portfolios of people who own MBWM. This list is generated using Robinhood data, and it’s not a recommendation.

Similar Marketcap

This list is generated by looking at the six larger and six smaller companies by market cap in relation to this company.

Popular Stocks

This list is generated by looking at the top 100 stocks and ETFs most commonly held by Robinhood customers and showing a random subset

Newly Listed

This list is generated by showing companies that recently went public.

All investments involve risks, including the loss of principal. Securities trading offered through Robinhood Financial LLC, Member SIPC and a registered broker-dealer. Options are risky and aren’t suitable for all investors. To learn more about risks, read the Options Disclosure Document.