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Mercantile Bank Corporation (MBWM)

Mercantile Bank Corporation is a NASDAQ-listed common stock issuer in the Financials sector and serves as the bank holding company for Mercantile Bank. Through its banking operations, the company focuses on commercial and retail banking for small and medium-sized businesses as well as individual customers in the United States. Its deposit offerings include checking and savings accounts, term certificates, time deposits, and certificates of deposit. Mercantile Bank also provides a range of lending products, including commercial and industrial loans, real estate-related financing, home equity lines, consumer loans such as auto and boat loans, credit cards, mortgage loans, and installment loans. Additional offerings include courier services, safe deposit boxes, and an insurance product line covering personal and business needs. Founded in 1997, the company is headquartered in Grand Rapids, Michigan.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Market Outlook FAQ

Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NASDAQ-MBWM
$55.99
-6.7% Downside
Fair
$63.17
5.2% Upside
Fair
Good
2.6%
October 20, 2026
11.0x
1.4x
4.0x
1.038 B
40.5%
97.4%
-1.4
26.7%
71.6%
Valuation • Fair Value

Mercantile Bank Corporation (NASDAQ-MBWM) Fair Value by Valuation Model

Review the available estimates for Mercantile Bank Corporation (NASDAQ-MBWM), including Ben Graham Formula Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$55.99

Estimated downside of 6.7% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

Ben Graham Formula Value

$61.11

Classic Ben Graham valuation formula reference.

Comps Fair Value

$55.99

Comparable-company valuation reference.

Analyst Price Target

$63.17

Analysts imply upside of 5.2%.

How to read these valuation models

Use the 5 available valuation references for Mercantile Bank Corporation (NASDAQ-MBWM) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Mercantile Bank Corporation (NASDAQ-MBWM)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

263.9 M

Current operating scale indicator.

Revenue Forecast

279 M

Forward revenue estimate.

EBITDA

0 K

Current operating profitability reference.

How to read profitability and growth

This section helps investors review Mercantile Bank Corporation (NASDAQ-MBWM) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Mercantile Bank Corporation (NASDAQ-MBWM)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Good

Positive financial-health read.

Piotroski Score

5

Mid-range quality score.

Altman Z-Score

-1.4

Lower score that deserves closer risk review.

FCF / Net Income

71.6%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Mercantile Bank Corporation (NASDAQ-MBWM). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Mercantile Bank Corporation (NASDAQ-MBWM)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

October 20, 2026

Days to Earnings

32

Dividend Yield

2.6%

Current income yield reference.

Payout Ratio

26.7%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for Mercantile Bank Corporation (NASDAQ-MBWM), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Mercantile Bank Corporation (NASDAQ-MBWM) Stock Forecast & Technical Outlook

Review Mercantile Bank Corporation (NASDAQ-MBWM) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Buy

The 15-minute technical read for Mercantile Bank Corporation (NASDAQ-MBWM) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for Mercantile Bank Corporation (NASDAQ-MBWM) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Sell

The daily technical read for Mercantile Bank Corporation (NASDAQ-MBWM) is currently Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Buy

The weekly technical read for Mercantile Bank Corporation (NASDAQ-MBWM) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for Mercantile Bank Corporation (NASDAQ-MBWM) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Mercantile Bank Corporation (NASDAQ-MBWM)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Hold

Based on the available recommendation mix, Mercantile Bank Corporation (NASDAQ-MBWM) has a Hold consensus, with 0 buy, 4 hold and 0 sell recommendations in the current data set.

Buy 0
Hold 4
Sell 0
FAQ • Fast Investor Answers

Mercantile Bank Corporation (NASDAQ-MBWM) Stock FAQ

Data-supported answers about Mercantile Bank Corporation (NASDAQ-MBWM), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$55.99
Estimated downside 6.7%
Valuation Rating
Overvalued
Estimated downside of 6.7%
Analyst Target
$63.17
Implied upside 5.2%
Financial Health
Good
Current financial-health read

The current fair value estimate for Mercantile Bank Corporation (NASDAQ-MBWM) is $55.99. This implies an estimated downside of 6.7% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 6.7% versus the current market price.

The available analyst price target for Mercantile Bank Corporation (NASDAQ-MBWM) is $63.17. The analyst target implies estimated upside of 5.2%.

The current financial health read for Mercantile Bank Corporation (NASDAQ-MBWM) is Good. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Mercantile Bank Corporation (NASDAQ-MBWM) is October 20, 2026.

Based on the current data, dividend yield is 2.6%.

The current P/E ratio listed for Mercantile Bank Corporation (NASDAQ-MBWM) is 11.0x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Mercantile Bank Corporation is 1.038 B.

The ticker symbol for Mercantile Bank Corporation is NASDAQ-MBWM, and the stock is listed on NASDAQ.

Mercantile Bank Corporation (NASDAQ-MBWM) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Mercantile Bank Corporation is 40.5%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Mercantile Bank Corporation is 97.4%. Free float helps investors understand how much of the share base is available for public trading.

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