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Mercantile Bank Corporation (MBWM)
39.56  0.06 (0.15%)    05-08 16:00
Open: 38.82
High: 39.67
Volume: 61,244
  
Pre. Close: 39.5
Low: 38.81
Market Cap: 638(M)
Technical analysis
2024-05-08 4:54:25 PM
Short term     
Mid term     
Targets 6-month :  46.46 1-year :  54.26
Resists First :  39.77 Second :  46.46
Pivot price 37.22
Supports First :  35.87 Second :  33.45
MAs MA(5) :  39.01 MA(20) :  36.63
MA(100) :  37.99 MA(250) :  34.34
MACD MACD :  0.6 Signal :  0.2
%K %D K(14,3) :  95.2 D(3) :  94.7
RSI RSI(14): 68
52-week High :  42.81 Low :  23.88
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ MBWM ] has closed below upper band by 9.5%. Bollinger Bands are 27.5% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 39.69 - 39.81 39.81 - 39.94
Low: 38.45 - 38.6 38.6 - 38.76
Close: 39.3 - 39.52 39.52 - 39.77
Company Description

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 offers 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 provides 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, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Headline News

Wed, 08 May 2024
Mercantile Bank downgraded to Neutral as Janney assesses valuation (NASDAQ:MBWM) - Seeking Alpha

Tue, 07 May 2024
Mercantile Bank (NASDAQ:MBWM) Share Price Crosses Above Two Hundred Day Moving Average of $37.14 - MarketBeat

Tue, 07 May 2024
Mercantile Bank (NASDAQ:MBWM) Stock Price Passes Above 200-Day Moving Average of $37.14 - Defense World

Tue, 07 May 2024
Mercantile Bank (MBWM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release - Yahoo Movies Canada

Fri, 03 May 2024
Mercantile Bank (MBWM) Matches Q2 Earnings Estimates - Yahoo Lifestyle UK

Fri, 19 Apr 2024
Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 16 (M)
Shares Float 16 (M)
Held by Insiders 3.3 (%)
Held by Institutions 60.7 (%)
Shares Short 182 (K)
Shares Short P.Month 156 (K)
Stock Financials
EPS 5.15
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 33.27
Profit Margin 37.6 %
Operating Margin 48.6 %
Return on Assets (ttm) 1.6 %
Return on Equity (ttm) 16.5 %
Qtrly Rev. Growth 4 %
Gross Profit (p.s.) 0
Sales Per Share 13.65
EBITDA (p.s.) 0
Qtrly Earnings Growth 2 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 7.66
PEG Ratio 1
Price to Book value 1.18
Price to Sales 2.89
Price to Cash Flow 0
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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