Mercantile Bank Corp (MBWM) Stock Price & Analysis
Mercantile Bank Corp (MBWM) rose 2.31% to USD 58.5 as of July 25, 2026 at 04:26 UTC, according to Nexqual real-time market data.
MBWM last closed at USD 57.18; the session ranged USD 57.26–59.3 on volume of 146,594 shares. Market capitalization is $1.01B, with a 52-week range of USD 42.75–60.4 (NMS). Source: Nexqual, July 25, 2026 at 04:26 UTC.
Key Statistics (as of July 25, 2026 at 04:26 UTC)
| Price | USD 58.5 |
|---|---|
| Change | ▲ 2.31% (up) |
| Previous Close | USD 57.18 |
| Open | USD 58.07 |
| Day Range | USD 57.26 – 59.3 |
| 52-Week Range | USD 42.75 – 60.4 |
| Volume | 146,594 shares |
| Market Cap | $1.01B |
| Exchange | NMS |
Technical Analysis (MBWM)
Nexqual's technical model rates MBWM "STRONG BUY" based on 5 bullish and 0 bearish signals across 125 daily candles, as of July 25, 2026 at 04:26 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 58.51 (neutral) |
| vs SMA50 | Above (USD 54.85) |
| MACD | 0.91 (positive) |
Analyst Ratings (MBWM)
Wall Street analysts rate MBWM "Hold" based on 6 analysts, with a mean price target of USD 63.17 (range USD 60–65), per Nexqual as of July 25, 2026 at 04:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 63.17 |
| High Target | USD 65 |
| Low Target | USD 60 |
| Buy / Hold / Sell | 2 / 4 / 0 |
Earnings (MBWM)
| Next Earnings Date | 2026-10-20 |
|---|---|
| EPS Estimate | USD 1.36 |
| Revenue Estimate | $71.01M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.53 vs est 1.33 ▲ beat |
| 2026-03-31 | USD 1.46 vs est 1.31 ▲ beat |
| 2025-12-31 | USD 1.4 vs est 1.37 ▲ beat |
| 2025-09-30 | USD 1.46 vs est 1.38 ▲ beat |
Source: Nexqual, July 25, 2026 at 04:26 UTC.
Financials & Fundamentals (MBWM)
| Total Revenue | $263.91M |
|---|---|
| Revenue Growth (YoY) | +18.90% |
| Gross Margin | +0.00% |
| Operating Margin | +46.26% |
| Profit Margin | +36.08% |
| ROE | +13.73% |
| Total Cash | $340.93M |
| Total Debt | $688.98M |
Source: Nexqual, July 25, 2026 at 04:26 UTC.
Financial Health Score (MBWM)
Nexqual rates Mercantile Bank Corp's overall financial health "Mixed" across five dimensions, as of July 25, 2026 at 04:26 UTC.
| Growth | Mixed — Revenue +4.8% YoY (annual), slow |
|---|---|
| Profitability | Critical — Gross margin 0% |
| Balance Sheet | Mixed — $341M cash vs $689M debt |
| Cash Flow | Mixed — No data |
| Efficiency | Mixed — ROE 14%, ROA 1.5% |
Ownership (MBWM)
| Insider Ownership | +3.10% |
|---|---|
| Institutional Ownership | +69.21% |
| Shares Outstanding | 17.29M |
| Float | 16.84M |
| Short % of Float | +2.72% |
Source: Nexqual, July 25, 2026 at 04:26 UTC.
Leadership (MBWM)
Mercantile Bank Corp is led by Raymond E. Reitsma (age 62), President, CEO & Director, per Nexqual as of July 25, 2026 at 04:26 UTC.
| President, CEO & Director | Raymond E. Reitsma (age 62) |
|---|---|
| Executive VP, CFO & Treasurer | Charles E. Christmas (age 59) |
| Executive VP, COO & Secretary | Scott P. Setlock (age 43) |
Major Backers & Investors (MBWM)
Notable institutional backers of Mercantile Bank Corp include Wellington Management, American Century Companies Inc, Renaissance Technologies, according to Nexqual as of July 25, 2026 at 04:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 6.88% |
| American Century Companies Inc | 6.22% |
| Renaissance Technologies | 2.73% |
| North Star Asset Management Inc. | 2.22% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 2.11% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.16% |
| Vanguard Group | 8.06% |
| Dimensional Fund Advisors | 5.98% |
| State Street | 3.96% |
| Geode Capital | 2.52% |
Source: Nexqual, July 25, 2026 at 04:26 UTC.
From Mercantile Bank Corp's Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.
- The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
- It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.
- In addition, the company offers courier services and safe deposit boxes; 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.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GSBC | Great Southern Bancorp, Inc. | USD 79.25 | ▲ 1.88% |
| FNLC | First Bancorp, Inc (ME) | USD 34.98 | ▲ 3.19% |
| LKFN | Lakeland Financial Corporation | USD 61.11 | ▼ 0.33% |
| IBCP | Independent Bank Corporation | USD 37.66 | ▲ 4.58% |
| RBCAA | Republic Bancorp, Inc. | USD 93.63 | ▲ 3.33% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: July 25, 2026 at 04:26 UTC. This page is informational and not investment advice.