Mercantile Bank Corp (MBWM) Stock Price & Analysis
Mercantile Bank Corp (MBWM) rose 1.62% to USD 53.89 as of June 10, 2026 at 02:27 UTC, according to Nexqual real-time market data.
MBWM last closed at USD 53.03; the session ranged USD 53.23–54.44 on volume of 155,094 shares. Market capitalization is $930.92M, with a 52-week range of USD 42.69–55.77 (NMS). Source: Nexqual, June 10, 2026 at 02:27 UTC.
Key Statistics (as of June 10, 2026 at 02:27 UTC)
| Price | USD 53.89 |
|---|---|
| Change | ▲ 1.62% (up) |
| Previous Close | USD 53.03 |
| Open | USD 53.23 |
| Day Range | USD 53.23 – 54.44 |
| 52-Week Range | USD 42.69 – 55.77 |
| Volume | 155,094 shares |
| Market Cap | $930.92M |
| Exchange | NMS |
Technical Analysis (MBWM)
Nexqual's technical model rates MBWM "BUY" based on 5 bullish and 1 bearish signals across 124 daily candles, as of June 10, 2026 at 02:27 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 60.65 (neutral) |
| vs SMA50 | Above (USD 51.96) |
| MACD | 0.39 (positive) |
Analyst Ratings (MBWM)
Wall Street analysts rate MBWM "None" based on 6 analysts, with a mean price target of USD 59.33 (range USD 57–62), per Nexqual as of June 10, 2026 at 02:27 UTC.
| Consensus Rating | None |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 59.33 |
| High Target | USD 62 |
| Low Target | USD 57 |
| Buy / Hold / Sell | 3 / 3 / 0 |
Earnings (MBWM)
| Next Earnings Date | 2026-07-21 |
|---|---|
| EPS Estimate | USD 1.33 |
| Revenue Estimate | $68.79M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 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 |
| 2025-06-30 | USD 1.39 vs est 1.26 ▲ beat |
Source: Nexqual, June 10, 2026 at 02:27 UTC.
Financials & Fundamentals (MBWM)
| Total Revenue | $252.69M |
|---|---|
| Revenue Growth (YoY) | +25.80% |
| Gross Margin | +0.00% |
| Operating Margin | +41.00% |
| Profit Margin | +36.37% |
| ROE | +13.66% |
| Total Cash | $598.16M |
| Total Debt | $726.09M |
Source: Nexqual, June 10, 2026 at 02:27 UTC.
Financial Health Score (MBWM)
Nexqual rates Mercantile Bank Corp's overall financial health "Mixed" across five dimensions, as of June 10, 2026 at 02:27 UTC.
| Growth | Mixed — Revenue +4.8% YoY (annual), slow |
|---|---|
| Profitability | Critical — Gross margin 0% |
| Balance Sheet | Mixed — $598M cash vs $726M debt |
| Cash Flow | Solid — Operating cash flow $49M |
| Efficiency | Mixed — ROE 14%, ROA 1.4% |
Ownership (MBWM)
| Insider Ownership | +3.10% |
|---|---|
| Institutional Ownership | +69.05% |
| Shares Outstanding | 17.27M |
| Float | 16.83M |
| Short % of Float | +1.79% |
Source: Nexqual, June 10, 2026 at 02:27 UTC.
Leadership (MBWM)
Mercantile Bank Corp is led by Raymond E. Reitsma (age 62), President, CEO & Director, per Nexqual as of June 10, 2026 at 02:27 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 June 10, 2026 at 02:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 6.88% |
| American Century Companies Inc | 6.01% |
| 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 | 11.09% |
| Vanguard Group | 8.06% |
| Dimensional Fund Advisors | 5.98% |
| State Street | 3.64% |
| Geode Capital | 2.52% |
Source: Nexqual, June 10, 2026 at 02:27 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 74.48 | ▲ 1.6% |
| FNLC | First Bancorp, Inc (ME) | USD 30.06 | ▲ 0.84% |
| LKFN | Lakeland Financial Corporation | USD 60.37 | ▲ 0.63% |
| IBCP | Independent Bank Corporation | USD 35.21 | ▲ 1.82% |
| RBCAA | Republic Bancorp, Inc. | USD 86.17 | ▲ 1.98% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: June 10, 2026 at 02:27 UTC. This page is informational and not investment advice.