Mercantile Bank Corp [MBWM] stock prices are up 1.72% to $49.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MBWM shares have gain 8.33% over the last week, with a monthly amount glided 12.79%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Mercantile Bank Corp [NASDAQ: MBWM] stock has seen the most recent analyst activity on January 22, 2025, when Hovde Group upgraded its rating to a Outperform but kept the price target unchanged to $54 for it. Previously, Janney downgraded its rating to Neutral on May 08, 2024. On March 04, 2024, downgrade downgraded it’s rating to Market Perform. Janney upgraded its rating to a Buy. Piper Sandler upgraded its rating to a Overweight and raised its price target to $40 on March 07, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on January 18, 2023. In a note dated October 06, 2022, Raymond James downgraded an Outperform rating on this stock and revised its target price from $44 to $35.
The stock price of Mercantile Bank Corp [MBWM] has been fluctuating between $37.76 and $52.98 over the past year. Mercantile Bank Corp [NASDAQ: MBWM] shares were valued at $49.81 at the most recent close of the market.
Analyzing the MBWM fundamentals
The Mercantile Bank Corp [NASDAQ:MBWM] reported sales of 363.34M for trailing twelve months, representing a surge of 1.65%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.90 points at the first support level, and at 48.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.33, and for the 2nd resistance point, it is at 50.86.
Ratios To Look Out For
It’s worth pointing out that Mercantile Bank Corp [NASDAQ:MBWM]’s Current Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 10.37.
Transactions by insiders
Recent insider trading involved KAMINSKI ROBERT B, Director, that happened on May 02 ’25 when 250.0 shares were sold. Director, KAMINSKI ROBERT B completed a deal on Apr 02 ’25 to sell 250.0 shares. Meanwhile, Director KAMINSKI ROBERT B sold 250.0 shares on Mar 03 ’25.
