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MBWM

Mercantile Bank Corporation (NASDAQ)

Financial Services — Banks - Regional

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It 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; 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, the company offers courier services and safe deposit boxes; 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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Buy 2.3 / 5 6 analysts
$58.90
+$1.48 (+2.58%)
Target: $59.83 (1.6%)
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Price History

52-Week Range

Fundamentals

Market Cap$1.02B
P/E Ratio (TTM)10.56
Forward P/E9.97
EPS (TTM)$5.58
Dividend Yield2.65%
Profit Margin36.37%
Revenue Growth25.80%
ROE13.66%
Debt/Equity-
Recommendation Buy 2.3
Analyst Target$59.83
Analysts6
Indexes NASDAQ

Technical Indicators

RSI (14)72.8
Beta0.83
SMA 20-
SMA 40-
52-Week High$58.99
52-Week Low$42.75
50-Day Avg$52.85
200-Day Avg$49.85
Avg Volume131.3K
Volume120.8K

Performance Analysis

BULLISH

MBWM shows predominantly bullish signals based on its fundamentals and technicals.

- Trading near its 52-week high ($58.99), which may indicate limited upside.
- RSI at 72.8 indicates overbought conditions — a pullback may be due.
+ Price is above both the 50-day and 200-day moving averages — strong uptrend.
+ P/E of 10.6 suggests the stock may be undervalued.
+ Strong revenue growth of 25.8% year-over-year.
+ Healthy profit margin of 36.4%.
+ Wall Street consensus is "Buy" from 6 analysts.
+ Average analyst target of $59.83 implies 1.6% upside.

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Last updated: Jul 02, 2026 13:19 UTC

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