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Mercantile Bank Corp MBWM.OQ (NASDAQ Stock Exchange Global Select Market)

30.93 USD
-1.51 (-4.65%)
As of Mar 22
chart
Previous Close 32.44
Open 32.19
Volume 22,375
3m Avg Volume 18,106
Today’s High 32.57
Today’s Low 30.69
52 Week High 38.37
52 Week Low 26.50
Shares Outstanding (mil) 16.42
Market Capitalization (mil) 507.74
Forward P/E 12.21
Dividend (Yield %) 0.26 ( 3.36 )

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RECOMMENDATION

Sell Hold Buy
2.83 Mean rating from 6 analysts

KEY STATS

Revenue (mm, USD)
FY18
0
FY17
0
FY16
0
EPS (USD)
FY18
2.533
FY17
1.977
FY16
1.956
*Note: Units in Millions of U.S. Dollars
**Note: Units in U.S. Dollars

KEY RATIOS

Price to Earnings (TTM)
vs sector
12.21
19.57
Price to Sales (TTM)
vs sector
3.65
9.97
Price to Book (MRQ)
vs sector
1.36
2.98
Price to Cash Flow (TTM)
vs sector
9.80
17.35
Total Debt to Equity (MRQ)
vs sector
39.90
66.37
LT Debt to Equity (MRQ)
vs sector
12.31
31.13
Return on Investment (TTM)
vs sector
--
0.38
Return on Equity (TTM)
vs sector
11.34
16.13

EXECUTIVE LEADERSHIP

Michael Price
Executive Chairman of the Board, Since 2017
Salary: $224,039.00
Bonus: --
Robert Kaminski
President, Chief Executive Officer, Director of the Company and Chief Executive Officer of the Bank, Since 2017
Salary: $435,000.00
Bonus: --
Charles Christmas
Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President and Chief Financial Officer of the Bank, Since 2016
Salary: $350,000.00
Bonus: --
Raymond Reitsma
President of the Bank, Since 2017
Salary: $330,025.00
Bonus: --
Robert Worthington
Chief Operating Officer, Senior Vice President, General Counsel, Secretary, Since 2017
Salary: $215,000.00
Bonus: --

COMPANY PROFILE

Sector: Financials
Industry: Banks
Address:

310 Leonard St NW
GRAND RAPIDS   MI   49504-4224

Phone: +1616.4063000

Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate accounts.

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