MBWM Stock Price

MBWM Stock Overview

Price

$57.69

Previous close

$58.03

Open

$57.30

Market cap

$1.00B

P/E ratio

11.3

52-week range

$42.75 - $62.95

1-year price target

$63.17

Sector

Financial Services

Industry

Banks - Regional - US

Exchange

NGS

MarketXLS Rank

62

About Mercantile Bank Corporation

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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.