Mercantile Bank Corporati...

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44.57
1.11 (2.55%)
At close: Jan 14, 2025, 3:59 PM

Mercantile Bank Corporation Statistics

Share Statistics

Mercantile Bank Corporation has 16.14M shares outstanding. The number of shares has increased by 0.16% in one year.

Shares Outstanding 16.14M
Shares Change (YoY) n/a
Shares Change (QoQ) 0.03%
Owned by Institutions (%) n/a
Shares Floating 15.28M
Failed to Deliver (FTD) Shares 297
FTD / Avg. Volume 0.45%

Short Selling Information

The latest short interest is 61.26K, so 0.38% of the outstanding shares have been sold short.

Short Interest 61.26K
Short % of Shares Out 0.38%
Short % of Float 0.4%
Short Ratio (days to cover) 1.04

Valuation Ratios

The PE ratio is 7.87 and the forward PE ratio is 11.34.

PE Ratio 7.87
Forward PE 11.34
PS Ratio 2.97
Forward PS 2.9
PB Ratio 1.24
P/FCF Ratio 10.79
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

Mercantile Bank Corporation has an Enterprise Value (EV) of 1.36B.

EV / Earnings 16.49
EV / Sales 6.22
EV / EBITDA 11.88
EV / EBIT 13.2
EV / FCF 22.63

Financial Position

The company has a current ratio of 0.07, with a Debt / Equity ratio of 0.99.

Current Ratio 0.07
Quick Ratio 0.07
Debt / Equity 0.99
Total Debt / Capitalization 49.69
Cash Flow / Debt 0.13
Interest Coverage 1.32

Financial Efficiency

Return on equity (ROE) is 0.16% and return on capital (ROIC) is 7.28%.

Return on Equity (ROE) 0.16%
Return on Assets (ROA) 0.02%
Return on Capital (ROIC) 7.28%
Revenue Per Employee 333.83K
Profits Per Employee 125.91K
Employee Count 653
Asset Turnover 0.04
Inventory Turnover 0

Taxes

Income Tax 20.48M
Effective Tax Rate 0.2

Stock Price Statistics

The stock price has increased by 16.78% in the last 52 weeks. The beta is 0.97, so Mercantile Bank Corporation's price volatility has been higher than the market average.

Beta 0.97
52-Week Price Change 16.78%
50-Day Moving Average 47.31
200-Day Moving Average 42.72
Relative Strength Index (RSI) 39.47
Average Volume (20 Days) 65.31K

Income Statement

In the last 12 months, Mercantile Bank Corporation had revenue of 217.99M and earned 82.22M in profits. Earnings per share was 5.13.

Revenue 217.99M
Gross Profit 217.99M
Operating Income 102.70M
Net Income 82.22M
EBITDA 114.19M
EBIT 102.70M
Earnings Per Share (EPS) 5.13
Full Income Statement

Balance Sheet

The company has 130.53M in cash and 606.52M in debt, giving a net cash position of -475.99M.

Cash & Cash Equivalents 130.53M
Total Debt 606.52M
Net Cash -475.99M
Retained Earnings 277.53M
Total Assets 5.92B
Working Capital 791.14M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 66.61M and capital expenditures -6.69M, giving a free cash flow of 59.93M.

Operating Cash Flow 66.61M
Capital Expenditures -6.69M
Free Cash Flow 59.93M
FCF Per Share 3.74
Full Cash Flow Statement

Margins

Gross margin is 100%, with operating and profit margins of 47.11% and 37.72%.

Gross Margin 100%
Operating Margin 47.11%
Pretax Margin 47.11%
Profit Margin 37.72%
EBITDA Margin 52.39%
EBIT Margin 47.11%
FCF Margin 27.49%

Dividends & Yields

MBWM pays an annual dividend of $1.44, which amounts to a dividend yield of 3.41%.

Dividend Per Share $1.44
Dividend Yield 3.41%
Dividend Growth (YoY) 5.88%
Payout Ratio 29.03%
Earnings Yield 11.83%
FCF Yield 8.56%
Dividend Details

Analyst Forecast

The average price target for MBWM is $54.5, which is 25.7% higher than the current price. The consensus rating is "Buy".

Price Target $54.5
Price Target Difference 25.7%
Analyst Consensus Buy
Analyst Count 2
Stock Forecasts

Stock Splits

The last stock split was on Apr 19, 2007. It was a forward split with a ratio of 21:20.

Last Split Date Apr 19, 2007
Split Type forward
Split Ratio 21:20

Scores

Altman Z-Score 0.43
Piotroski F-Score 5