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$19.69 -$0.28 (-1.4%)

04:30 PM EDT on 09/18/20

Mercantile Bank Corp. (NASDAQ:MBWM)

CAPS Rating: No stars

A bank holding company, the bank provides commercial and retail banking services primarily to small- to medium-sized businesses based in and around the Grand Rapids, Holland, Lansing and Ann Arbor metropolitan areas.

Current Price $19.69 Mkt Cap $319.6M
Open $20.26 P/E Ratio 7.10
Prev. Close $19.69 Div. (Yield) $1.11 (5.6%)
Daily Range $19.39 - $20.26 Volume 106,284
52-Wk Range $18.64 - $37.32 Avg. Daily Vol. 39,561

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All Players

20 Outperform
14 Underperform
 

All-Star Players

1 Outperform
4 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:MBWM Bull/Bear Pitches

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NASDAQ:MBWM VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about MBWM.

Recs

0
Member Avatar Davekryy (< 20) Submitted: 5/10/2012 10:20:28 AM : Outperform Start Price: $10.88 NASDAQ:MBWM Score: -78.61

Killer numbers and banking is coming back

Recs

0
Member Avatar NetscribeBanking (72.99) Submitted: 2/23/2007 4:43:59 AM : Outperform Start Price: $21.94 NASDAQ:MBWM Score: -159.33

Mercantile Bank Corp is a financial holding company providing banking services and has demonstrated its ability to produce superior results even in difficult operating environment. It has been very responsive to the changing economic situation by controlling expense and growing loan balances with low cost deposits. The year 2006 had net interest income increase by 9.7% supported by profitability and strong earnings asset growth.

Its unique strength has been its capacity to garner low cost deposit as a result of several initiatives like the launch of a package designed to meet both the personal and business banking needs of commercial customers. Endorsing the same, 2006 was a big year for health saving accounts openings in association with one of the largest employer and municipal organization. However, the funding gap being filled by wholesale funds like certificate of deposits has slightly hindered the net interest margin growth.

The bank has been prudent in maintaining its asset quality forgoing it business while its competitors were aggressively undercutting for growth. Fee income has increased modestly and is exploring for ways to increase the same spotting cross-selling opportunities to its existing customer base. Moreover plans of launching a internet banking product in the first quarter of 2007 would boost the non- interest income.

The management doesn’t have any plans of global expansion with an aim of concentrating on the existing footprint trying to steal market share from its competitors. Industry is currently facing margins pressures, deteriorating asset quality and inverted yield. However the outlook is expected to change from the second half of 2007 with Federal Reserve expected to cut down the interest rates. The bank seems to be well capitalized with good credit quality metrics and all set to beat the market.

Recs

0
Member Avatar alaskaeric (69.75) Submitted: 12/5/2006 10:42:32 PM : Underperform Start Price: $23.90 NASDAQ:MBWM Score: +173.45

Bank stock will languish in the current environment

Leaderboard

Find the members with the highest scoring picks in MBWM.

Score Leader

TrackSchneider

TrackSchneider (< 20) Score: +547.27

The Score Leader is the player with the highest score across all their picks in MBWM.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
alaskaeric 69.75 12/6/2006 Underperform 1Y $23.90 -25.43% +148.03% +173.45 1 Comment
ceducre 64.18 2/8/2007 Underperform 3M $21.81 -18.30% +142.15% +160.45 0 Comment
stini01 45.29 5/8/2007 Underperform 3W $18.11 -1.58% +132.29% +133.87 0 Comment
stevenmahecha 30.55 7/10/2007 Underperform 1Y $17.54 +1.59% +128.31% +126.72 0 Comment
babababooya 95.44 9/7/2007 Underperform NS $15.01 +18.74% +137.37% +118.63 0 Comment
txnavy78027 98.93 8/15/2007 Underperform NS $14.30 +24.65% +143.03% +118.38 0 Comment
msinger1000 97.73 7/30/2007 Underperform 5Y $13.86 +28.58% +138.26% +109.68 0 Comment
surfpnk 28.07 7/23/2007 Underperform 1Y $13.63 +30.78% +125.51% +94.73 0 Comment
GSH1976 < 20 7/19/2007 Underperform 5Y $13.65 +30.58% +124.16% +93.58 0 Comment
soonerbear98 < 20 11/26/2012 Underperform 5Y $10.09 +76.57% +134.84% +58.27 0 Comment

Wall Street

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