Mercantile Bank Corp (NASDAQ: MBWM) is 25.03% higher on its value in year-to-date trading and has touched a low of $37.76 and a high of $52.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MBWM stock was last observed hovering at around $48.97 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $49.81, the stock is 9.98% and 11.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 1.72% at the moment leaves the stock 9.81% off its SMA200. MBWM registered 11.96% gain for a year compared to 6-month loss of 11.48%. The firm has a 50-day simple moving average (SMA 50) of $44.509 and a 200-day simple moving average (SMA200) of $45.35915.
The stock witnessed a 12.79% gain in the last 1 month and extending the period to 3 months gives it a 13.72%, and is 8.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 3.15% over the month.
Mercantile Bank Corp (MBWM) has around 648 employees, a market worth around $808.68M and $363.34M in sales. Current P/E ratio is 10.37 and Fwd P/E is 9.89. Profit margin for the company is 21.35%. Distance from 52-week low is 31.91% and -5.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.55%).
The EPS is expected to shrink by -0.28% this year
269.0 institutions hold shares in Mercantile Bank Corp (MBWM), with institutional investors hold 68.14% of the company’s shares. The shares outstanding are 16.24M, and float is at 15.42M with Short Float at 0.94%. Institutions hold 65.78% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.56 million shares valued at $63.39 million. The investor’s holdings represent 9.6907 of the MBWM Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 1.15 million shares valued at $46.59 million to account for 7.123 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.84 million shares representing 5.1948 and valued at over $33.98 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.2929 of the shares totaling 0.53 million with a market value of $21.54 million.
Mercantile Bank Corp (MBWM) Insider Activity
The most recent transaction is an insider sale by KAMINSKI ROBERT B, the company’s Director. SEC filings show that KAMINSKI ROBERT B sold 250 shares of the company’s common stock on May 02 ’25 at a price of $42.85 per share for a total of $10712.0. Following the sale, the insider now owns 77986.0 shares.
Mercantile Bank Corp disclosed in a document filed with the SEC on Apr 02 ’25 that KAMINSKI ROBERT B (Director) sold a total of 250 shares of the company’s common stock. The trade occurred on Apr 02 ’25 and was made at $43.14 per share for $10785.0. Following the transaction, the insider now directly holds 78236.0 shares of the MBWM stock.
Still, SEC filings show that on Mar 03 ’25, KAMINSKI ROBERT B (Director) disposed off 250 shares at an average price of $48.11 for $12028.0. The insider now directly holds 78,486 shares of Mercantile Bank Corp (MBWM).
