NASDAQ: MBWMMercantile Bank Corp Stock
$40.68+0.37 (+0.92%)
Updated Apr 17, 2025
MBWM Price
$40.68
Fair Value Price
$57.88
Market Cap
$660.27M
52 Week Low
$35.61
52 Week High
$52.98
P/E
8.25x
P/B
1.13x
P/S
3.21x
PEG
N/A
Dividend Yield
3.54%
Revenue
$224.08M
Earnings
$79.59M
Gross Margin
100%
Operating Margin
43.86%
Profit Margin
35.5%
Debt to Equity
9.35
Operating Cash Flow
$101M
Beta
0.9
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A
MBWM Overview
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.
Zen Rating
Our proven quant model uses 115 proprietary factors, including AI, to determine MBWM's potential to beat the market
CHold
- Stocks with a Zen Rating of Hold (C) had an average return of +7.53% per year. Learn More
Zen Rating Component Grades
C
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.
Industry: Bank
Industry Rating
F
MBWM
Ranked#72 of 295
Ranked#72 of 295
Top Ranked Stocks in Industry
| Name / Ticker | Price | Zen Rating |
|---|---|---|
| $12.64 | B | |
| $31.51 | B | |
| $23.63 | B |
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MBWM News
Overview
Due Diligence Score
–
Industry Average (32)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how MBWM scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.
Due Diligence Checks
MBWM ($40.68) is undervalued by 29.72% relative to our estimate of its Fair Value price of $57.88 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
MBWM ($40.68) is significantly undervalued by 29.72% relative to our estimate of its Fair Value price of $57.88 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
MBWM is forecast by analysts... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more MBWM due diligence checks available for Premium users.
Valuation
MBWM fair value
Fair Value of MBWM stock based on Discounted Cash Flow (DCF)
Price
$40.68
Fair Value
$57.88
Undervalued by
29.72%
MBWM ($40.68) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
MBWM ($40.68) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
MBWM is forecast by analysts... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
MBWM price to earnings (PE)
For valuing profitable companies with steady earnings
Company
8.25x
Industry
13x
Market
27.98x
MBWM is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
MBWM is good value based... subscribe to Premium to read more.
P/E vs Market Valuation
MBWM price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
1.13x
Industry
1.08x
MBWM is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
MBWM's financial health
Profit margin
Revenue
$57.0M
Net Income
$19.6M
Profit Margin
34.4%
MBWM's Earnings (EBIT) of $98.29M... subscribe to Premium to read more.
Interest Coverage Financials
MBWM's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$6.1B
Liabilities
$5.5B
Debt to equity
9.35
MBWM's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
MBWM's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$59.9M
Investing
-$103.0M
Financing
$107.6M
MBWM's operating cash flow ($101.12M)... subscribe to Premium to read more.
Debt Coverage Financials
MBWM vs Bank Stocks
Mercantile Bank Stock FAQ
Company
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