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MBWM

NEUTRAL
$53.29 Live
Mercantile Bank Corporation · NASDAQ
$38.57 52W Range $55.77

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 14, 2026
Market cap
$920.48M
P/E
9.74
ROE
N/A
Profit margin
N/A
Debt/Equity
N/A
Dividend yield
2.93%

AI Analysis

AI-powered fundamental assessment

Confidence
80%
The deterministic health profile is critically weak, highlighted by a Piotroski F-Score of 0/9, indicating severe deterioration in fundamental financial health. However, this is starkly contrasted by an exceptional earnings track record with consistent beats over 25 quarters and a low P/E ratio of 9.74. While the valuation is attractive and growth is present, the fundamental health score suggests underlying risks that are not yet reflected in the stock price. The overall outlook is neutral as the strong earnings performance battles critical internal health warnings.

Key Strengths

Exceptional earnings track record with consistent beats over 25 quarters
Attractive valuation with a P/E ratio of 9.74 and Forward P/E of 8.93
Strong 1-year price appreciation of 41.9%
Positive Year-over-Year EPS growth of 14.8%
Reasonable Price-to-Book ratio of 1.26

Key Risks

Critical financial health failure indicated by a 0/9 Piotroski F-Score
Bearish insider sentiment with recent selling activity
Low dividend strength score (20/100)
Lack of analyst coverage and target price guidance
Divergence between strong price performance and poor deterministic health metrics
AI Fair Value Estimate
Based on comprehensive analysis
$51.5
-3.4% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
52
Moderate
Value
75
Future
65
Past
90
Health
0
Dividend
30
AI Verdict
High-Risk Value Play
Key drivers: Piotroski F-Score (0/9), Earnings Beat Consistency, Low P/E Ratio
Confidence
85%
Value
75/100

Ref P/E 9.74, Forward P/E 8.93

Positives
  • Low P/E ratio relative to growth
  • P/B ratio is modest at 1.26
Watchpoints
  • Lack of Graham Number for defensive baseline
Future
65/100

Ref YoY EPS Growth +14.8%

Positives
  • Consistent EPS growth
  • Positive Q/Q revenue growth of 6.04%
Watchpoints
  • Recent Q/Q EPS growth dip of -4.1%
Past
90/100

Ref Quarterly Earnings Track Record

Positives
  • 25 quarters of highly reliable earnings performance
  • Strong 5-year price change of +98%
Watchpoints
No urgent risks highlighted.
Health
0/100

Ref Piotroski F-Score

Positives
No standout positives identified.
Watchpoints
  • Piotroski F-Score is 0/9, the lowest possible health rating
Dividend
30/100

Ref Dividend Yield 2.93%

Positives
  • Steady dividend yield of 2.93%
Watchpoints
  • Low dividend strength score (20/100)

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$53.29

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for MBWM and closest competitors.

Updated 2026-04-13
MBW
Mercantile Bank Corporation
Primary
5Y
+98.0%
3Y
+105.8%
1Y
+41.9%
6M
+20.1%
1M
+6.8%
1W
+3.4%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
9.74
Forward P/E
8.93
PEG Ratio
N/A
P/B Ratio
1.26
P/S Ratio
N/A
EV/Revenue
N/A
EV/EBITDA
N/A
Market Cap
$920.48M

Profitability

Profit margins and return metrics

Profit Margin N/A
Operating Margin N/A
Gross Margin N/A
ROE N/A
ROA N/A

Growth

Revenue and earnings growth rates

Revenue Growth N/A
Earnings Growth N/A
Q/Q Revenue Growth +6.04%
Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$N/A

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$0.1B
Net Margin
36.8%
Total Assets
$6.8B
Liabilities
$6.1B
Equity
$0.7B
Debt/Equity
8.43x
Operating CF
$0.0B
CapEx
$-0.0B
Free Cash Flow
$0.0B
FCF Yield
96%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-21
$N/A
2026-01-20
$1.4
+2.5% surprise
2025-10-21
$1.46
+6.0% surprise
2025-07-22
$1.39
+10.8% surprise

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

REITSMA RAYMOND E
Chief Executive Officer
Stock Award
2026-02-13
1,808 shares
CHRISTMAS CHARLES E
Chief Financial Officer
Stock Award
2026-02-13
1,326 shares
REITSMA RAYMOND E
Chief Executive Officer
Stock Award
2026-02-05
11,338 shares
HOOVER BRETT
Officer
Stock Award
2026-02-05
2,832 shares
SETLOCK SCOTT P
Chief Operating Officer
Stock Award
2026-02-05
3,406 shares
RANDALL TARA M
Officer
Stock Award
2026-02-05
2,730 shares
AUGUSTYN MARK S
Officer
Stock Award
2026-02-05
4,312 shares
CHRISTMAS CHARLES E
Chief Financial Officer
Stock Award
2026-02-05
4,243 shares
SCHWEIHOFER STEVEN
Director
Stock Award
2026-01-06
321 shares
SCHWEIHOFER STEVEN
Director
Stock Award
2025-12-31
5,282 shares
AUGUSTYN MARK S
Officer
Gift
2025-12-12
2,022 shares
PRICE MICHAEL H
Director
Sell
2025-11-13
4,577 shares · $209,799
SANCHEZ NELSON F
Director
Buy
2025-10-31
1,000 shares · $43,500
Insider transactions can signal confidence or concerns about company prospects

Wall Street Analysts

Professional analyst ratings and price targets

Keefe, Bruyette & Woods
2026-01-21
Maintains
Outperform Outperform
Raymond James
2026-01-07
Maintains
Outperform Outperform
Raymond James
2025-10-22
reit
Outperform Outperform

Past News Coverage

Recent headlines mentioning MBWM from our newsroom.

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