$35.65 $0.50 (1.4%)

12:33 PM EDT on 10/22/19

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 $35.65 Mkt Cap $574.1M
Open $35.16 P/E Ratio 12.13
Prev. Close $35.15 Div. (Yield) $0.79 (2.2%)
Daily Range $34.88 - $35.76 Volume 14,980
52-Wk Range $27.86 - $35.82 Avg. Daily Vol. 42,543

Caps

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All Players

21 Outperform
14 Underperform
 

All-Star Players

5 Outperform
4 Underperform
 

Wall Street

2 Outperform
0 Underperform
 

Top NASDAQ:MBWM Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Top Bull Pitch

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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: $11.35 NASDAQ:MBWM Score: +93.01

Killer numbers and banking is coming back

Recs

0
Member Avatar NetscribeBanking (84.53) Submitted: 2/23/2007 4:43:59 AM : Outperform Start Price: $22.89 NASDAQ:MBWM Score: -63.83

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 (71.44) Submitted: 12/5/2006 10:42:32 PM : Underperform Start Price: $24.93 NASDAQ:MBWM Score: +83.35

Bank stock will languish in the current environment

Leaderboard

Find the members with the highest scoring picks in MBWM.

Score Leader

TrackSchneider

TrackSchneider (83.99) Score: +565.64

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
UBSDonnelly2 68.55 2/28/2011 Outperform 5Y $6.26 +468.31% +126.12% +342.19 0 Comment
POSstocks 51.99 1/17/2008 Outperform NS $8.49 +318.69% +132.07% +186.62 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. JeepMike2012 43.45 1/20/2012 4/18/2016 Outperform 1Y $8.57 +314.97% +128.84% +186.13 0 Comment
duderinow < 20 3/26/2008 Outperform NS $8.78 +305.13% +131.64% +173.49 0 Comment
Davekryy < 20 5/10/2012 Outperform 5Y $11.35 +213.39% +120.38% +93.01 1 Comment
alaskaeric 71.44 12/6/2006 Underperform 1Y $24.93 +42.55% +125.91% +83.35 1 Comment
JavaScotty 56.58 7/1/2013 Outperform 5Y $13.50 +163.63% +86.24% +77.39 0 Comment
Renesco < 20 3/3/2014 Outperform 5Y $15.49 +129.72% +62.61% +67.11 0 Comment
Michigan 41.11 3/30/2015 Outperform 5Y $16.81 +111.67% +45.10% +66.57 0 Comment
ceducre 74.27 2/8/2007 Underperform 3M $22.76 +56.18% +120.55% +64.37 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackSchneider 83.99 6/30/2010 Outperform NS $3.97 +796.45% +230.80% +565.64 0 Comment
TrackRBCCapMkts 85.78 10/13/2006 Outperform NS $26.03 +36.56% +134.56% -98.00 0 Comment
TrackRyanBeck < 20 10/12/2006 Outperform NS $34.85 -12.93% -3.83% -9.11 3/1/2007 @ $30.34 0 Comment
TrackStifel 91.09 8/30/2006 Outperform NS $38.65 -24.67% +10.77% -35.45 4/13/2007 @ $29.11 0 Comment