Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mercantile Bank Corporation before investing.

In this article, we go over a few key elements for understanding Mercantile Bank Corporation’s stock price such as:

• Mercantile Bank Corporation’s current stock price and volume
• Why Mercantile Bank Corporation’s stock price changed recently
• Upgrades and downgrades for MBWM from analysts
• MBWM’s stock price momentum as measured by its relative strength

About Mercantile Bank Corporation (MBWM)

Before we jump into Mercantile Bank Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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Mercantile Bank Corporation’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, Mercantile Bank Corporation’s stock price was $60.080.

Mercantile Bank Corporation is up 0.59% from its previous closing price of $59.730.

During the last market session, Mercantile Bank Corporation’s stock traded between $59.245 and $61.630. Currently, there are approximately 17.24 million shares outstanding for Mercantile Bank Corporation.

Mercantile Bank Corporation’s price-earnings (P/E) ratio is currently at 10.8, which is low compared to the Banks industry median of 12.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Mercantile Bank Corporation Stock Price History

Mercantile Bank Corporation’s (MBWM) price is currently up 4.63% so far this month.

During the month of July, Mercantile Bank Corporation’s stock price has reached a high of $62.390 and a low of $55.255.

Over the last year, Mercantile Bank Corporation has hit prices as high as $62.390 and as low as $42.750. Year to date, Mercantile Bank Corporation’s stock is up 24.91%.

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What Caused Mercantile Bank Corporation Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were 0 analysts who downgraded Mercantile Bank Corporation’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Mercantile Bank Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mercantile Bank Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Mercantile Bank Corporation’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mercantile Bank Corporation (MBWM) by visiting AAII Stock Evaluator.

Relative Price Strength of Mercantile Bank Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, Mercantile Bank Corporation has a weighted four-quarter relative price strength of 5.11%, which translates to a Momentum Score of 71 and is considered to be Strong.

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Mercantile Bank Corporation Stock Price: Bottom Line

As of July 31, 2026, Mercantile Bank Corporation’s stock price is $60.080, which is up 0.59% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mercantile Bank Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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