Mercantile Bank share price today

(MBWM)

Mercantile Bank share price is $43.77 & ₹3,752.84 as on 3 Jan 2025, 2.30 'hrs' IST

$43.77

▲

-0.72

(-1.62%)

Market is closed - opens 8 PM, 03 Jan 2025

View live Mercantile Bank share price in Dollar and Rupees. Guide to invest in Mercantile Bank from India. Also see the sentimental analysis on Indian investors investing in Mercantile Bank. Get details on the Indian mutual funds that are investing in Mercantile Bank. Get Analyst recommendations and forecasts along with all the Mercantile Bank's financials.

Mercantile Bank share price movements

Today's Low: $43.60
Today's High: $45.20
$43.77
0.39%
Downside
Day's Volatility :3.54%
Upside
3.16%
52 Weeks Low: $33.46
52 Weeks High: $52.98
$43.77
23.55%
Downside
52 Weeks Volatility :36.84%
Upside
17.38%

Mercantile Bank Returns

Period	Mercantile Bank Corp	Sector (Financials)	Index (Russel 2000)
3 Months	6.49%	7.1%	0.0%
6 Months	16.22%	16.0%	0.0%
1 Year	12.78%	28.0%	0.0%
3 Years	23.55%	23.8%	-21.2%

Mercantile Bank Key Statistics

in dollars & INR

Previous Close	$44.49
Open	$44.97
Today's High	$45.2
Today's Low	$43.6
Market Capitalization	$718.2M
Today's Volume	$58.8K
52 Week High	$52.98
52 Week Low	$33.46
Revenue TTM	$222.2M
Earnings Per Share (EPS)	$4.96
PE Ratio	8.97
Dividend Yield	3.24%
Profit Margin	36.0%
Quarterly Earnings Growth YOY	-0.06%
Return On Equity TTM	15.0%

How to invest in Mercantile Bank from India?

It is very easy for Indian residents to invest directly in Mercantile Bank from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Mercantile Bank stock in both Indian Rupees (INR) and US Dollars (USD). Search for Mercantile Bank or MBWM on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Mercantile Bank or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Mercantile Bank shares which would translate to 0.020 fractional shares of Mercantile Bank as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Mercantile Bank, in just a few clicks!

Returns in Mercantile Bank for Indian investors in Rupees

Investment Value

₹1,00,000

Mercantile Bank investment value today

Current value as on today

₹1,13,925

Returns

₹13,925

(+13.93%)

Returns from Mercantile Bank Stock

₹10,951 (+10.95%)

Dollar Returns

₹2,975 (+2.97%)

Indian investors sentiment towards Mercantile Bank

-50%

Period: Oct 4, 2024 to Jan 2, 2025. Change in 30 Days versus previous period

Search volume for Mercantile Bank on INDmoney from India has reduced in the last 30 days as on Jan 3, 2025. -50% less investors are searching Mercantile Bank in the last 30 days versus the previous period.

Global Institutional Holdings in Mercantile Bank

BlackRock Inc
9.68%
Dimensional Fund Advisors, Inc.
7.05%
Vanguard Group Inc
5.37%
Renaissance Technologies Corp
3.37%
State Street Corp
2.72%
Geode Capital Management, LLC
2.34%

Analyst Recommendation on Mercantile Bank

Buy

70%Buy

30%Hold

0%Sell

Based on 10 Wall street analysts offering stock ratings for Mercantile Bank(by analysts ranked 0 to 5 stars)

Based on 10 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Mercantile Bank

What analysts predicted

Upside of 21.09%

Current:

$43.77

Target:

$53.00

Insights on Mercantile Bank

Price Movement
In the last 3 years, MBWM stock has moved up by 27.0%
Decreasing Revenue
Revenue is down for the last 2 quarters, 88.56M → 83.41M (in $), with an average decrease of 5.8% per quarter
Increasing Net Profit
Netprofit is up for the last 2 quarters, 18.78M → 19.61M (in $), with an average increase of 4.2% per quarter
MBWM vs MFG (1 yr)
In the last 1 year, Mizuho Financial Group, Inc. has given 43.0% return, outperforming this stock by 32.5%
MBWM vs MFG (3 yr)
In the last 3 years, Mizuho Financial Group, Inc. has given 91.8% return, outperforming this stock by 64.8%
Price to Sales
ForMBWM every $1 of sales, investors are willing to pay $3.2, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

Mercantile Bank Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$139.1M	↑ 8.03%
Net Income	$42.0M	↑ 34.37%
Net Profit Margin	30.21%	↑ 5.92%

	FY19	Y/Y Change
Revenue	$151.5M	↑ 8.91%
Net Income	$49.5M	↑ 17.69%
Net Profit Margin	32.65%	↑ 2.44%

	FY20	Y/Y Change
Revenue	$167.4M	↑ 10.51%
Net Income	$44.1M	↓ 10.75%
Net Profit Margin	26.36%	↓ 6.29%

	FY21	Y/Y Change
Revenue	$179.2M	↑ 7.05%
Net Income	$59.0M	↑ 33.72%
Net Profit Margin	32.93%	↑ 6.57%

	FY22	Y/Y Change
Revenue	$190.3M	↑ 6.19%
Net Income	$61.1M	↑ 3.46%
Net Profit Margin	32.08%	↓ 0.85%

	FY23	Y/Y Change
Revenue	$218.0M	↑ 14.54%
Net Income	$82.2M	↑ 34.64%
Net Profit Margin	37.72%	↑ 5.64%

	Q2 FY23	Q/Q Change
Revenue	$55.2M	↓ 0.25%
Net Income	$20.4M	↓ 2.94%
Net Profit Margin	36.88%	↓ 1.02%

	Q3 FY23	Q/Q Change
Revenue	$58.2M	↑ 5.46%
Net Income	$20.9M	↑ 2.45%
Net Profit Margin	35.83%	↓ 1.05%

	Q4 FY23	Q/Q Change
Revenue	$73.8M	↑ 26.79%
Net Income	$20.0M	↓ 3.96%
Net Profit Margin	27.14%	↓ 8.69%

	Q1 FY24	Q/Q Change
Revenue	$87.6M	↑ 18.68%
Net Income	$21.6M	↑ 7.65%
Net Profit Margin	24.62%	↓ 2.52%

	Q2 FY24	Q/Q Change
Revenue	$88.6M	↑ 1.11%
Net Income	$18.8M	↓ 12.87%
Net Profit Margin	21.21%	↓ 3.41%

	Q3 FY24	Q/Q Change
Revenue	$83.4M	↓ 5.81%
Net Income	$19.6M	↑ 4.43%
Net Profit Margin	23.52%	↑ 2.31%

	FY18	Y/Y Change
Profit	$139.1M	↑ 8.03%

	FY19	Y/Y Change
Profit	$151.5M	↑ 8.91%

	FY20	Y/Y Change
Profit	$167.4M	↑ 10.51%

	FY21	Y/Y Change
Profit	$179.2M	↑ 7.05%

	FY22	Y/Y Change
Profit	$190.3M	↑ 6.19%

	FY23	Y/Y Change
Profit	$218.0M	↑ 14.54%

	Q2 FY23	Q/Q Change
Profit	$65.9B	↑ 131250.0%

	Q3 FY23	Q/Q Change
Profit	$71.2M	↓ 99.89%

	Q4 FY23	Q/Q Change
Profit	$-65.8B	↓ 92572.27%

	Q1 FY24	Q/Q Change
Profit	$76.7M	↓ 100.12%

	Q2 FY24	Q/Q Change
Profit	$78.9M	↑ 2.81%

	Q3 FY24	Q/Q Change
Profit	$93.1M	↑ 18.0%

	FY18	Y/Y Change
Operating Cash Flow	$61.7M	↑ 59.67%
Investing Cash Flow	$-210.5M	↑ 9.93%
Financing Cash Flow	$24.0M	↓ 85.83%

	FY19	Y/Y Change
Operating Cash Flow	$44.8M	↓ 27.49%
Investing Cash Flow	$-92.8M	↓ 55.89%
Financing Cash Flow	$206.4M	↑ 760.34%

	FY20	Y/Y Change
Operating Cash Flow	$37.9M	↓ 15.39%
Investing Cash Flow	$-398.8M	↑ 329.57%
Financing Cash Flow	$753.2M	↑ 264.84%

	FY21	Y/Y Change
Operating Cash Flow	$64.6M	↑ 70.48%
Investing Cash Flow	$-495.5M	↑ 24.25%
Financing Cash Flow	$780.1M	↑ 3.57%

	FY22	Y/Y Change
Operating Cash Flow	$119.9M	↑ 85.62%
Investing Cash Flow	$-555.0M	↑ 12.01%
Financing Cash Flow	$-443.3M	↓ 156.82%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$19.4M	↑ 7.4%
Investing Cash Flow	$-88.2M	↑ 54.35%
Financing Cash Flow	$218.6M	↑ 92155.27%

Mercantile Bank Technicals Summary

Sell

Neutral

Buy

Mercantile Bank is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Mercantile Bank Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Mercantile Bank Corp	-10.99%	16.22%	12.78%	23.55%	24.76%
Icici Bank Ltd.	-3.43%	2.16%	25.46%	45.45%	102.85%
Pnc Financial Services Group, Inc.	-7.73%	23.22%	26.43%	-10.67%	21.66%
U.s. Bancorp	-8.2%	22.52%	10.69%	-18.61%	-17.12%
Truist Financial Corp	-6.57%	13.5%	17.34%	-30.43%	-22.16%
Mizuho Financial Group, Inc.	-7.03%	11.14%	42.57%	86.64%	57.74%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Mercantile Bank Corp	8.97	8.97	2.51	4.87	0.15	0.01	0.03	36.14
Icici Bank Ltd.	19.39	19.39	0.0	1.52	0.19	0.02	0.01	397.44
Pnc Financial Services Group, Inc.	16.32	16.32	1.9	13.41	0.1	0.01	0.03	124.56
U.s. Bancorp	14.85	14.85	1.18	3.91	0.1	0.01	0.04	33.35
Truist Financial Corp	8.99	NA	1.94	3.69	-0.1	-0.01	0.05	44.46
Mizuho Financial Group, Inc.	11.64	11.64	1.07	0.0	0.07	0.0	0.03	4037.29

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Mercantile Bank Corp	Buy	$718.2M	24.76%	8.97	36.0%
Icici Bank Ltd.	Buy	$105.5B	102.85%	19.39	28.91%
Pnc Financial Services Group, Inc.	Buy	$76.5B	21.66%	16.32	25.11%
U.s. Bancorp	Hold	$75.3B	-17.12%	14.85	22.02%
Truist Financial Corp	Buy	$57.6B	-22.16%	8.99	-10.68%
Mizuho Financial Group, Inc.	Buy	$62.4B	57.74%	11.64	21.91%

About Mercantile Bank

mercantile bank of michigan was founded in 1997 by directors and bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. at mercantile bank, we use our local directors, our commitment to the community, and our knowledge of michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. we feel our focus on the michigan business community is the best way to help build the economy, and ultimately the community.

Organization	Mercantile Bank
Employees	653
CEO	Mr. Raymond E. Reitsma
Industry	Finance

Management People of Mercantile Bank

Name	Title
Mr. Raymond E. Reitsma	President, CEO & Director
Mr. Charles E. Christmas	Executive VP, CFO & Treasurer
Mr. Brett E. Hoover	Executive VP & Chief Human Resource Officer
Mr. Scott P. Setlock	Executive VP, COO & Secretary
Sonali D. Allen	Senior VP and Chief Compliance & Community Development Officer of Mercantile Bank
Mr. Mark S. Augustyn	Chief Commercial Banking Officer of Mercantile Bank
Mr. Jeff Kaiser	Senior VP & Head of Risk Management Department
Mr. Douglas J. Holtrop	Executive VP & Senior Lending Officer of Mercantile Bank
Tara M. Randall	Senior VP & Chief Retail Banking Officer of Mercantile Bank
Mr. Justin M. Karl	Executive VP & Senior Lending Officer of Mercantile Bank

Important FAQs about investing in Mercantile Bank from India :

What is Mercantile Bank share price today?

Mercantile Bank share price today stands at $43.77, Open: $44.97 ; Previous Close: $44.49 ; High: $45.20 ; Low: $43.60 ; 52 Week High: $52.98 ; 52 Week Low: $33.46. The stock opens at $44.97, after a previous close of $44.49. The stock reached a daily high of $45.20 and a low of $43.60, with a 52-week high of $52.98 and a 52-week low of $33.46.

Can Indians buy Mercantile Bank shares?

Yes, Indians can invest in the Mercantile Bank (MBWM) from India.

With INDmoney, you can buy Mercantile Bank at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Mercantile Bank at zero transaction cost.

How can I buy Mercantile Bank shares from India?

It is very easy to buy Mercantile Bank from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Mercantile Bank be purchased?

Yes, you can buy fractional shares of Mercantile Bank with INDmoney app.

What are the documents required to start investing in Mercantile Bank stocks?

To start investing in Mercantile Bank, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.