Mercantile Bank Corporation
MBWMNASDAQFinancialsBanks - Regional
As of Oct 23, 2026 close
- Market cap
- $1.05B
- P/E (TTM)
- 11.07
- Forward P/E
- 9.09
- Dividend yield
- 2.58%
- 52-week range
- $42.88$62.95
- Volume (live)
- -
- Avg. volume (3M)
- 124.53K
Mercantile Bank (MBWM) Stock Price & Financial Analysis
Mercantile Bank Stock Price Chart
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Financial Metrics & Key Statistics
Fundamental metrics, valuation ratios, and profitability indicators
| Day's Range | $59.56 - $61.49 |
|---|---|
| 52-Week High | $62.95 |
| 52-Week Low | $42.88 |
| Open | $60.09 |
| Volume (last close) | 179.92K |
| Average Volume (3M) | 124.53K |
| Revenue (TTM) | 292.04M |
|---|---|
| Net Income (TTM) | 95.21M |
| Free Cash Flow (TTM) | 68.20M |
| EPS (TTM) | $5.68 |
| Profit Margin | 32.60% |
| Operating Margin | 37.85% |
| Return on Equity (ROE) | 12.61% |
| Debt to Equity | 0.91 |
| Annual Dividend | $1.56 |
|---|---|
| Dividend Yield | 2.58% |
| Payout Ratio | 27.45% |
| Next Dividend Ex-Date | Dec 4, 2026 |
| Market Cap | 1.05B |
|---|---|
| Shares Outstanding | 17.26M |
| P/E Ratio (TTM) | 11.07 |
| Forward P/E | 9.09 |
| Price to Sales (P/S) | 3.61 |
| Price to Book (P/B) | 1.40 |
| EV/EBITDA | 18.61 |
| 50-Day MA | $59.82 |
|---|---|
| 200-Day MA | $54.97 |
| 1-Year Change | +34.54% |
Source: Market prices and company fundamentals. Data as of Oct 23, 2026. Data sources and methodology
Mercantile Bank at a Glance
As of the Oct 23, 2026 close, Mercantile Bank (MBWM) has a market capitalization of $1.05B. The stock trades at 11.1× trailing earnings, 9.1× forward earnings and 3.6× sales. Over the trailing twelve months it earned $95.21M on revenue of $292.04M (a 32.6% profit margin) and generated $68.20M of free cash flow. Revenue grew 8.8% year over year.
As of its latest reported balance sheet, it holds $69.80M in cash and securities against $687.66M of debt, a net debt position of $617.86M.
Mercantile Bank pays a quarterly dividend totaling $1.56 per share a year, a 2.58% yield at the Oct 23, 2026 close, with a 27% payout ratio and 14 consecutive years of dividend increases.
The share price is up 34.5% over the past year. At $61.09 (the Oct 23, 2026 close) it sits near the top of its 52-week range of $42.88 to $62.95, above its 200-day moving average of $54.97.
Based on 3 professional analyst ratings from the past 90 days, the consensus is Buy with an average price target of $65.00, 6.4% above the Oct 23, 2026 close.
Frequently Asked Questions About Mercantile Bank
What is the current stock price for MBWM?
As of the Oct 23, 2026 close, MBWM stock trades at $61.09. The 52-week range is $42.88–$62.95, with a day range of $59.56–$61.49.
What is the P/E ratio for MBWM?
As of the Oct 23, 2026 close, Mercantile Bank's trailing twelve-month (TTM) P/E ratio is 11.1, meaning investors pay $11.1 for every $1 of annual earnings. The forward P/E is 9.1, reflecting analyst expectations for future earnings. Mercantile Bank operates in the Financials sector.
Does MBWM pay dividends?
Yes, Mercantile Bank pays a 2.58% annual dividend yield as of the Oct 23, 2026 close ($1.56 per share a year). The trailing twelve-month payout ratio is 27.4%. The next ex-dividend date is December 4, 2026.
What do analysts recommend for MBWM?
Based on ratings from 3 professional analysts over the last 90 days, the consensus for MBWM is Buy. The average 12-month price target is $65.00, a 6.4% upside from the Oct 23, 2026 close of $61.09.
What is the market cap of MBWM?
As of the Oct 23, 2026 close, Mercantile Bank's market capitalization is $1.05B, classifying it as a small-cap company. Mercantile Bank operates in the Financials sector within the Banks - Regional industry.