Based on the Mercantile Bank Corporation stock forecast from 1 analysts, the average analyst target price for Mercantile Bank Corporation is USD 47.00 over the next 12 months. Mercantile Bank Corporation’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Mercantile Bank Corporation is Bullish , which is based on 10 positive signals and 3 negative signals. At the last closing, Mercantile Bank Corporation’s stock price was USD 39.38. Mercantile Bank Corporation’s stock price has changed by +9.09% over the past week, +6.35% over the past month and +54.49% over the last year.
No recent analyst target price found for Mercantile Bank Corporation
No recent average analyst rating found for Mercantile Bank Corporation
Company Overview Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan. Read Less
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking...Read More
Frequently Asked Questions About Mercantile Bank Corporation (MBWM) Stock
Based on ratings from 1 analysts Mercantile Bank Corporation's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Bullish . The stock has 1 buy, sell and hold ratings.
MBWM stock's dividend yield is 3.87%.
Our analysis grades MBWM stock's dividend yield at F. This means that MBWM stock's dividend yield is above 44% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this MBWM may be a average dividend stock for its sector.
Based on targets from 1 analysts, the average taret price for MBWM is USD 47.00 over the next 12 months. The maximum analyst target price is USD 47 while the minimum anlayst target price is USD 47.
MBWM stock's Price/Earning ratio is 7.05.
Our analysis grades MBWM stock's Price / Earning ratio at B. This means that MBWM stock's Price/Earning ratio is above 14% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this MBWM may be undervalued for its sector.
The last closing price of MBWM's stock was USD 39.38.
The most recent market capitalization for MBWM is USD 0.58B.
Based on targets from 1 analysts, the average taret price for MBWM is projected at USD 47.00 over the next 12 months.
This means that MBWM's stock price may go up by +19.35% over the next 12 months.
We can't find any ETFs which contains Mercantile Bank Corporation's stock.
As per our most recent records Mercantile Bank Corporation has 642 Employees.
Mercantile Bank Corporation's registered address is 310 Leonard Street NW, Grand Rapids, MI, United States, 49504.
You can get more information about it from Mercantile Bank Corporation's website at https://www.mercbank.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
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