Mercantile Bank

$32.03 0.00% ($0.00)
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About Mercantile Bank

Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate accounts.

Stock Analysis

last close $32.03
1-mo return 2%
3-mo return -12.1%
avg daily vol. 45.08T
52-week high 40.01
52-week low 28.51
market cap. $495M
forward pe 9.5
annual div. 1.24
roe 12.8%
ltg forecast -
dividend yield 3.87%
annual rev. $196M
inst own. 55.9%

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