Is Mercantile Bank Corporation (MBWM) Overvalued?
We dive into why Mercantile Bank Corporation (MBWM) could be considered overvalued on 2026-08-07, based on AAII’s Value Score and Grade.Tudor Pop
A+ Stock Grade Summary:
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COMPANY SUMMARY
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.
Commentary & Analysis
What You Need to Know About Mercantile Bank Corporation's Q3 Earnings
Mercantile Bank Corporation's fiscal Q3 earnings report was released on Tuesday, July 21. Let's dive in to see if (MBWM) missed or beat analyst's expectations.Tudor Pop
What You Need to Know About Mercantile Bank Corporation's Q2 Earnings
Mercantile Bank Corporation's fiscal Q2 earnings report was released on Tuesday, April 21. Let's dive in to see if (MBWM) missed or beat analyst's expectations.Jenna Brashear
3 Undervalued Banks Stocks for Thursday, February 12
Discover the top 3 undervalued Banks stocks for Thursday, February 12 based on AAII’s Stock Grades.Jenna Brashear
Why Mercantile Bank Corporation’s (MBWM) Stock Is Up 6.18%
As of Wednesday, January 21, Mercantile Bank Corporation’s MBWM share price has surged by 6.18%, which has investors questioning if this is right time to sell.Jenna Brashear
Financial Summary
| Share Statistics | MBWM | Industry Median |
Percentile (All Stocks) |
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| Market Cap (Mil) | $1,003.1 | $684.6 | 46% |
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| Shares Out (Mil) | 17.3 | 15.8 | 28% |
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| Institutional Ownership | 96.5% | 84.0% | 70% |
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| Float (Mil) | 16.8 | 21.6 | 26% |
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| Beta | 0.81 | 0.45 | 48% |
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| Avg Daily Volume (000s) | 115 | 46 | 38% |
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| Price Change (52-week) |
31.4% | 90.7% | 75% |
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| Growth | MBWM | Industry Median |
Percentile (All Stocks) |
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| Sales (5yr) | 9.2% | 7.7% | 55% |
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| Net Income (5yr) | 15.0% | 11.1% | 63% |
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| EPS (5yr) | 15.1% | 10.0% | 57 |
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| Dividends (5yr) | 6.0% | 3.6% | 86% |
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| Cash Flow (5yr) | (27.1%) | (17.1%) | 23% |
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| Estimates | Qtrly | Current Fiscal Year |
Next Fiscal Year |
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| # of Estimates | 6 | 6 | 6 | |
| Current EPS | $1.347 | $5.677 | $5.747 | |
| Month Ago EPS | $1.352 | $5.683 | $5.753 | |
| # Rev Up | 1 | 3 | 0 | |
| # Rev Down | 0 | 0 | 2 | |
| Three Months Ago EPS | $1.397 | $5.588 | $5.892 | |
| Year/Year Chg | (10.2%) | 3.9% | 11.1% | |
| Financials | MBWM | Industry Median |
Percentile (All Stocks) |
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| Sales (TTM) (Mil) | $264 | $188 | 34% |
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| Net Income (TTM) (Mil) | $95 | $54 | 60% |
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| EPS (TTM) | $5.682 | $2.600 | 88% |
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| Operating Cash Flow (TTM) (Mil) | $72 | $33 | 49% |
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| Net Cash Flow (TTM) (Mil) | $45 | $2 | 69% |
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| Long-Term Debt (Q1) (Mil) | $363 | $97 | 55% |
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| Enterprise Value (Q1) (Mil) | na | $0 | na |
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| Valuation | MBWM | Industry Median |
Percentile (All Stocks) |
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| P/B | 1.33 | 1.24 | 37% |
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| P/E | 10.2 | 12.0 | 19% |
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| Dividend Yield | 2.7% | 2.3% | 81% |
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| PEG (5yr hist) | 0.7 | 1.1 | 34% |
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| Ratios | MBWM | Industry Median |
Percentile (All Stocks) |
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| Gross Margin | na | 63.7% | na |
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| Net Margin | 36.1% | 29.2% | 93% |
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| ROA | 1.5% | 1.1% | 52% |
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| ROE | 13.7% | 11.3% | 68% |
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| Liabilities to Assets | 88.9% | 89.7% | 84% |
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| F-Score | 4 | 4 | 33% |
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Passing Stock Screens
As of 10/13/2026, from a list of 60 stock screening strategies,
GURU STRATEGY
Graham--Defensive Investor (Utility) Screen
Factors: Yield, Value, Quality, Industry/Sector
Graham's approach leads to three separate screens that focus on the concept of intrinsic value, justified by a firm's financial strength.
| Performance Since Inception: | 6.7% |
| +/- S&P 500: | -0.8 |
