61.09 USD
↗ 0.67 (1.11%)AT CLOSE (03:59 PM EDT)
Mercantile Bank Corp
MBWMNASDAQ • USD
60.94
↘ 0.16 (0.25%)
POST MARKET (AS OF 07:56 PM EDT)
Post Market
AS OF 07:56 PM EDT
60.94
↘ 0.16 (0.25%)
Market: CLOSED
MBWM is currently priced at $61.09. Our models show a "Strong Buy" 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 23, 2026.
Open?$60.09
High?$61.49
Low?$59.56
Prev. Close?$60.42
Volume?179.9K
Avg. Volume?124.6K
VWAP?$61.02
Rel. Volume?1.44x
Bid / Ask
Bid?$60.00 × 100
Ask?$61.00 × 100
Spread?$1.00
Midpoint?$60.50
Valuation & Ratios
Market Cap?1.1B
Shares Out?17.3M
Float?16.8M
Float %?96.9%
P/E Ratio?11.09
P/B Ratio?1.40
EPS?$5.51
Dividend?2.41%
Ex-Dividend?2026-12-04
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 OutlookStrong Buy
Strong SellNeutralStrong Buy
Long-Term (Tide)?▲ Bullish(+3/3)
Medium-Term (Wave)?▲ Bullish(+2/3)
Short-Term (Ripple)?▲ Bullish(+3/3)
MA Alignment?Mixed
Full Technical Analysis →Fundamental OutlookNeutral
Strong SellNeutralStrong Buy
F-Score?3
Z-Score?50
Momentum?80
Short Sent.?64
Piotroski F-Score?0/9Weak
Confidence?49%Low
Short InterestHigh
Short % of Float?3.74%Low
Short Interest?626.4K
Days to Cover?5.5
Free Float16.8M
Avg Daily Volume113.3K
Settlement Date2026-09-30
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?11.1CHEAP▾
Peers91
S&P93
P/B?1.40CHEAP▾
Peers18
S&P89
P/S?2.75CHEAP▾
Peers27
S&P54
P/FCF?15.5CHEAP▾
Peers18
S&P72
EV/EBITDA?12.8FAIR▾
Peers18
S&P64
EV/Sales?3.79FAIR▾
Peers9
S&P50
Returns & Efficiency
ROE?12.6%STRONG▾
Peers91
S&P46
ROA?1.4%WEAK▾
Peers82
S&P15
Cash Flow & Enterprise
FCF?$68.2M
Enterprise Value?$1.5B
Fundamentals ratios updated end of day