Home・Stock List・Mercantile Bank Corp

Mercantile Bank Corp

Closed

SectorFinance

60.66 -0.72

Buy Sell

Overview

Share price change

24h

Current

Min

60.31

Max

61.13

Key metrics
By Trading Economics
Income	3.2M 26M
Sales	1.7M 98M
P/E Sector Avg	10.671 19.1
EPS	1.53
Dividend yield	2.56
Profit margin	26.404
Employees	827
EBITDA	3.9M 33M

Recommendations
By TipRanks
Recommendations	Neutral
12 Months Forecast	+3.38% upside

Dividends
By Acuity
Dividend yield Sector Avg	2.56% 4.56%
Next Earnings	20 Oct 2026
Next Dividend date	16 Sept 2026
Next Ex Dividend date	4 Sept 2026

Market Stats
By TradingEconomics
Market Cap	54M 1B
Previous open	61.38
Previous close	60.66

News Sentiment

By Acuity

41%

59%

135 / 438 Finance

Mercantile Bank Corp Chart

Past performance is not a reliable indicator of future results.

Related News

7 Aug 2026, 19:56 UTC

Mercantile Bank Corp shares are lower, continuing a decline since Thursday. Broader market factors include a disappointing jobs report affecting regional bank stocks.

6 Aug 2026, 19:26 UTC

Macro Event

Correlated Moves

Mercantile Bank Corp shares are lower today, influenced by the U.S. Wholesale Inventories report showing a month-over-month increase of 0.2%.

5 Aug 2026, 22:01 UTC

Mercantile Bank Corp shares are trading higher in after-market hours, maintaining a steady return since Wednesday's close and positioned above its 20-day moving average.

3 Aug 2026, 20:07 UTC

Correlated Moves

Mercantile Bank Corp shares are higher today, maintaining an upward trend since Friday's close, supported by broader market gains and a strong correlation with the Russell 2000 Index.

31 Jul 2026, 19:36 UTC

Correlated Moves

Mercantile Bank Corp is experiencing modest gains, trading above its 20-day moving average and near the upper end of its one-month range.

30 Jul 2026, 20:09 UTC

Correlated Moves

Mercantile Bank Corp shares are lower, influenced by a sharp decline in Coastal Financial Corp and disappointing economic data on jobless claims and GDP growth.

29 Jul 2026, 23:31 UTC

Correlated Moves

Mercantile Bank Corp shares are higher in after-market hours, supported by the Russell 2000's advance and the Federal Reserve's interest rate decision.

28 Jul 2026, 20:03 UTC

News

Mercantile Bank Corp reported strong second-quarter results and increased its dividend to $0.40 per share, with shares higher since Monday's close.

27 Jul 2026, 19:07 UTC

Correlated Moves

Mercantile Bank Corp shares are higher today, supported by a rise in City Holding Co shares. The overall market backdrop includes a decline in crude oil prices.

24 Jul 2026, 19:52 UTC

Correlated Moves

Mercantile Bank Corp shares are higher amid positive sentiment in the regional banking sector, following gains in Tompkins Financial Corp since Thursday's close.

22 Jul 2026, 20:01 UTC

Correlated Moves

News

Mercantile Bank Corp shares are lower today after Hovde Group downgraded the stock to Market Perform with a $62 price target.

21 Jul 2026, 20:12 UTC

Mercantile Bank Corp shares are higher in after-market hours, supported by positive sentiment in U.S. markets following strong earnings from major companies.

20 Jul 2026, 19:06 UTC

Correlated Moves

Mercantile Bank Corp shares are lower today, tracking broader market declines amid rising Treasury yields and inflation concerns linked to oil prices above $90.

Peer Comparison

Price change

Mercantile Bank Corp Forecast

Price Target

By TipRanks

3.38% upside

12 Months Forecast

Average 62.75 USD 3.38%

High 65 USD

Low 60 USD

Based on 4 Wall Street analysts offering 12 month price targets forMercantile Bank Corp - Dist in the last 3 months.

Rating Consensus

By TipRanks

Neutral

4 ratings

Buy

Hold

Sell

Based on 4 analysts giving stock ratings to Mercantile Bank Corp - Dist in the past 3 months.

Sentiment

By Acuity

135 / 438 Finance

Financials

Selling and administration expenses

Operating expenses

Pre-tax profit

Sales

Cost of sales

Gross profit on sales

Interest expense on debt

EBITDA

Operating profit

About Mercantile Bank Corp

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 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; 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 offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.