MBWM
Mercantile Bank Corporation
NASDAQ: MBWM · FINANCIAL SERVICES · BANKS - REGIONAL
$50.69
-2.46% today
Updated 2026-04-29
Market cap
$875.64M
P/E ratio
9.08
P/S ratio
3.47x
EPS (TTM)
$5.58
Dividend yield
2.92%
52W range
$41 – $55
Volume
0.1M
WallStSmart proprietary scores
70
out of 100
Grade: B
Buy
Investment rating
8.0
Growth
A5.0
Quality
C+7.5
Profitability
B+6.3
Valuation
B—/9
Piotroski F-Score
—
—
Altman Z-Score
—
—
Industry rank
—
View all highly rated stocks (75+) →206 stocks currently score above 75
Price targets
Analyst target
$59.33
+17.04%
12-Month target
$57.22
+12.88%
Intrinsic (DCF)
—
Margin of safety
—
2 Strong Buy1 Buy3 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Profit margin 36.40% — above average
+ Free cash flow $5.42M — positive
+ Revenue growth 25.80% QoQ
Risks
No major risks identified
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $213.92M | $303.50M | $361.89M | $371.80M | $252.69M |
| Net income | $61.06M | $82.22M | $79.59M | $88.75M | $22.68M |
| EPS | — | — | — | — | $5.58 |
| Free cash flow | $116.84M | $59.93M | $92.59M | $11.21M | $5.42M |
| Profit margin | 28.55% | 27.09% | 21.99% | 23.87% | 36.40% |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-17 | REITSMA, RAYMOND E. | Sale | 4,040 | $54.24 |
| 2026-02-17 | CHRISTMAS, CHARLES E | Sale | 3,021 | $54.24 |
| 2026-02-15 | REITSMA, RAYMOND E. | Buy | 1,808 | — |
Peer comparison
Smart narrative
Mercantile Bank Corporation trades at $50.69. representing a P/E of 9.08x trailing earnings. Our Smart Value Score of 70/100 indicates the stock is good. TTM revenue stands at $252.69M. with profit margins at 36.40%.
Frequently asked questions
What is Mercantile Bank Corporation's stock price?
Mercantile Bank Corporation (MBWM) trades at $50.69.
Is Mercantile Bank Corporation overvalued?
Smart Value Score 70/100 (Grade B, Buy).
What is the price target of Mercantile Bank Corporation (MBWM)?
The analyst target price is $59.33, representing +17.0% upside from the current price of $50.69.
What is the future stock price of MBWM by 2030?
Our revenue-driven model estimates Mercantile Bank Corporation could reach $78.01 by 2030, based on historical CAGR, margin trends, and capped P/E multiples.
What is Mercantile Bank Corporation's revenue?
TTM revenue is $252.69M.
Company info
SectorFINANCIAL SERVICES
IndustryBANKS - REGIONAL
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio3.47x
ROE13.70%
Beta0.87
50D MA$51.51
200D MA$48.63
Shares out0.02B
Float0.02B
Short ratio—
Avg volume0.1M
Performance
1 week+3.07%
1 month+3.88%
3 months+4.00%
YTD+8.05%
1 year—
3 years—
5 years—