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Mercantile Bank Corporation is a banks-regional business based in the US. Mercantile Bank Corporation shares (MBWM) are listed on the NASDAQ and all prices are listed in US Dollars. Mercantile Bank Corporation employs 621 staff and has a trailing 12-month revenue of around USD$153.4 million.
|52-week range||USD$16.9017 - USD$31.06|
|50-day moving average||USD$28.7076|
|200-day moving average||USD$24.1893|
|Wall St. target price||USD$31.25|
|Dividend yield||USD$1.12 (3.73%)|
|Earnings per share (TTM)||USD$2.71|
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Valuing Mercantile Bank Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mercantile Bank Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Mercantile Bank Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Mercantile Bank Corporation shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Mercantile Bank Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.51. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Mercantile Bank Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||USD$153.4 million|
|Operating margin TTM||35.76%|
|Gross profit TTM||USD$153.4 million|
|Return on assets TTM||1.09%|
|Return on equity TTM||10.29%|
|Market capitalisation||USD$497.3 million|
TTM: trailing 12 months
There are currently 235,573 Mercantile Bank Corporation shares held short by investors – that's known as Mercantile Bank Corporation's "short interest". This figure is 1.1% down from 238,175 last month.
There are a few different ways that this level of interest in shorting Mercantile Bank Corporation shares can be evaluated.
Mercantile Bank Corporation's "short interest ratio" (SIR) is the quantity of Mercantile Bank Corporation shares currently shorted divided by the average quantity of Mercantile Bank Corporation shares traded daily (recently around 48372.27926078). Mercantile Bank Corporation's SIR currently stands at 4.87. In other words for every 100,000 Mercantile Bank Corporation shares traded daily on the market, roughly 4870 shares are currently held short.
However Mercantile Bank Corporation's short interest can also be evaluated against the total number of Mercantile Bank Corporation shares, or, against the total number of tradable Mercantile Bank Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Mercantile Bank Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Mercantile Bank Corporation shares in existence, roughly 10 shares are currently held short) or 0.0149% of the tradable shares (for every 100,000 tradable Mercantile Bank Corporation shares, roughly 15 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Mercantile Bank Corporation.
Find out more about how you can short Mercantile Bank Corporation stock.
Dividend payout ratio: 40.65% of net profits
Recently Mercantile Bank Corporation has paid out, on average, around 40.65% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mercantile Bank Corporation shareholders could enjoy a 3.87% return on their shares, in the form of dividend payments. In Mercantile Bank Corporation's case, that would currently equate to about $1.12 per share.
While Mercantile Bank Corporation's payout ratio might seem fairly standard, it's worth remembering that Mercantile Bank Corporation may be investing much of the rest of its net profits in future growth.
Mercantile Bank Corporation's most recent dividend payout was on 17 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 March 2021 (the "ex-dividend date").
Mercantile Bank Corporation's shares were split on a 105:100 basis on 19 April 2007. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your Mercantile Bank Corporation shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for Mercantile Bank Corporation shares which in turn could have impacted Mercantile Bank Corporation's share price.
Over the last 12 months, Mercantile Bank Corporation's shares have ranged in value from as little as $16.9017 up to $31.06. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Mercantile Bank Corporation's is 1.143. This would suggest that Mercantile Bank Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 32 automated teller machines and eight video banking machines. The company operates 40 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.
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