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MBWM NASDAQ

Mercantile Bank Corporation
1W: +4.7% 1M: +1.9% 3M: +1.4% YTD: +28.4% 1Y: +37.3% 3Y: +105.1% 5Y: +112.0%
$60.64
-0.51 (-0.83%)
After Hours: $60.74 (+0.10, +0.16%)
Weekly Expected Move ±2.4%
$58 $60 $61 $63 $64
NASDAQ · Financial Services · Banks - Regional · Tech Score Buy · Power 65 · $1.1B mcap · 17M float · 0.763% daily turnover · Short 62% of daily vol
Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾
Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Smart Money Score
Moderate 50
Insider—
Congress—
ETF Holdings—
Key Statistics
Market Cap$1.1B
52W Range42.88-62.95
Volume97,704
Avg Volume126,856
Beta0.84
Dividend$1.56
Analyst Ratings
5 Buy 3 Hold 0 Sell
Consensus Buy
Company Info
CEORaymond E. Reitsma
Employees765
SectorFinancial Services
IndustryBanks - Regional
IPO Date1999-07-20
310 Leonard Street NW
Grand Rapids, MI 49504
US
616 406 3000
About Mercantile Bank Corporation

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.

Recent Insider Trades

NameTypeSharesPriceDate
Sanchez Nelson F A-Award 36 — 2026-10-22
Schweihofer Steven A-Award 715 — 2026-05-22
Davenport Michael S. A-Award 753 — 2026-05-22
Eldridge Michelle La A-Award 830 — 2026-05-22
Schmidt Sara A A-Award 715 — 2026-05-22

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms