59.40 USD
↘ 0.10 (0.17%)LIVE (AS OF 03:13 PM EDT)
MBWM is currently priced at $59.40. Our models show a "Sell" technical signal alongside a "Neutral" fundamental rating. Notable factors include a weak Piotroski F-Score of 0/9 and a bullish Golden Cross on the moving averages. The stock looks compelling on valuation, with multiples below sector averages across P/E, P/B, and EV/EBITDA.
Technical & fundamental data as of Oct 2, 2026.
Open?$59.39
High?$60.23
Low?$58.51
Prev. Close?$59.50
Volume?36.3K
Avg. Volume?109.4K
VWAP?$59.19
Rel. Volume?0.33x
Bid / Ask
Bid?$50.31 × 100
Ask?$68.21 × 100
Spread?$17.90
Midpoint?$59.26
Valuation & Ratios
Market Cap?1.0B
Shares Out?17.3M
Float?16.8M
Float %?96.9%
P/E Ratio?10.80
P/B Ratio?1.36
EPS?$5.51
Dividend?2.47%
Ex-Dividend?N/A
News
Profile
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Address
310 LEONARD STREET NW
GRAND RAPIDS, MI 49504
Phone: 616 406-3000
GRAND RAPIDS, MI 49504
Phone: 616 406-3000
Technical OutlookSell
Strong SellNeutralStrong Buy
Long-Term (Tide)?▼ Bearish(-1/3)
Medium-Term (Wave)?▼ Bearish(-1/3)
Short-Term (Ripple)?▲ Bullish(+2/3)
MA Alignment?Mixed
Full Technical Analysis →Fundamental OutlookNeutral
Strong SellNeutralStrong Buy
F-Score?3
Z-Score?50
Momentum?80
Short Sent.?44
Piotroski F-Score?0/9Weak
Confidence?49%Low
Short InterestHigh
Short % of Float?3.56%Low
Short Interest?595.6K
Days to Cover?5.2
Free Float16.8M
Avg Daily Volume114.0K
Settlement Date2026-09-15
Financial Health
Current Ratio?N/A—
Quick Ratio?N/A—
Cash Ratio?N/A—
Debt/Equity?0.62Moderate
ValuationATTRACTIVELY VALUEDvs 10 peers + S&P 500
Score89/100
P/E?10.8CHEAP▾
Peers91
S&P94
P/B?1.36CHEAP▾
Peers27
S&P90
P/S?2.67CHEAP▾
Peers36
S&P55
P/FCF?15.1CHEAP▾
Peers18
S&P74
EV/EBITDA?12.5FAIR▾
Peers18
S&P65
EV/Sales?3.72FAIR▾
Peers9
S&P51
Returns & Efficiency
ROE?12.6%STRONG▾
Peers91
S&P46
ROA?1.4%WEAK▾
Peers73
S&P15
Cash Flow & Enterprise
FCF?$68.2M
Enterprise Value?$1.4B
Fundamentals ratios updated end of day