Mercantile Bank Corporati... (MBWM)
Mercantile Bank Statistics
Share Statistics
Mercantile Bank has 16.24M shares outstanding. The number of shares has increased by 0.68% in one year.
| Shares Outstanding | 16.24M |
| Shares Change (YoY) | 0.68% |
| Shares Change (QoQ) | 0.55% |
| Owned by Institutions (%) | 63.64% |
| Shares Floating | 15.4M |
| Failed to Deliver (FTD) Shares | 457 |
| FTD / Avg. Volume | 0.64% |
Short Selling Information
The latest short interest is 145.68K, so 0.9% of the outstanding shares have been sold short.
| Short Interest | 145.68K |
| Short % of Shares Out | 0.9% |
| Short % of Float | 0.96% |
| Short Ratio (days to cover) | 1.94 |
Valuation Ratios
The PE ratio is 9.02 and the forward PE ratio is 9.73. Mercantile Bank's PEG ratio is -2.31.
| PE Ratio | 9.02 |
| Forward PE | 9.73 |
| PS Ratio | 2.23 |
| Forward PS | 2.7 |
| PB Ratio | 0.48 |
| P/FCF Ratio | 35.77 |
| PEG Ratio | -2.31 |
Enterprise Valuation
Mercantile Bank has an Enterprise Value (EV) of 882.33M.
| EV / Sales | 2.74 |
| EV / EBITDA | 0 |
| EV / EBIT | 43.98 |
| EV / FCF | 43.98 |
Financial Position
The company has a current ratio of 0.27, with a Debt / Equity ratio of 0.15.
| Current Ratio | 0.27 |
| Quick Ratio | 0.27 |
| Debt / Equity | 0.15 |
| Debt / EBITDA | - |
| Debt / FCF | 11.21 |
| Interest Coverage | 2.45 |
Financial Efficiency
Return on Equity is 5.32% and Return on Invested Capital is 30.84%.
| Return on Equity | 5.32% |
| Return on Assets | 1.49% |
| Return on Invested Capital | 30.84% |
| Revenue Per Employee | $496.15K |
| Profits Per Employee | $122.83K |
| Employee Count | 648 |
| Asset Turnover | 0.06 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 18.69M |
| Effective Tax Rate | 19.02% |
Stock Price Statistics
The stock price has increased by 16.9% in the last 52 weeks. The beta is 0.88, so Mercantile Bank's price volatility has been higher than the market average.
| Beta | 0.88 |
| 52-Week Price Change | 16.9% |
| 50-Day Moving Average | 46.03 |
| 200-Day Moving Average | 45.33 |
| Relative Strength Index (RSI) | 37.71 |
| Average Volume (20 Days) | 71.02K |
Income Statement
In the last 12 months, Mercantile Bank had revenue of 321.5M and earned 79.59M in profits. Earnings per share was 4.93.
| Revenue | 321.5M |
| Gross Profit | 321.5M |
| Operating Income | 319.9M |
| Net Income | 79.59M |
| EBITDA | 0 |
| EBIT | -10.51M |
| Earnings Per Share (EPS) | 4.93 |
Balance Sheet
The company has 60.22M in cash and 224.9M in debt, giving a net cash position of -164.67M.
| Cash & Cash Equivalents | 60.22M |
| Total Debt | 224.9M |
| Net Cash | -164.67M |
| Retained Earnings | 0 |
| Total Assets | 6.05B |
| Working Capital | 1.12B |
Cash Flow
In the last 12 months, operating cash flow was 20.06M and capital expenditures 0, giving a free cash flow of 20.06M.
| Operating Cash Flow | 20.06M |
| Capital Expenditures | 0 |
| Free Cash Flow | 20.06M |
| FCF Per Share | 1.24 |
Margins
Gross margin is 100%, with operating and profit margins of 99.5% and 24.76%.
| Gross Margin | 100% |
| Operating Margin | 99.5% |
| Pretax Margin | 30.57% |
| Profit Margin | 24.76% |
| EBITDA Margin | n/a |
| EBIT Margin | 99.5% |
| FCF Margin | 6.24% |
Dividends & Yields
MBWM pays an annual dividend of $1.44, which amounts to a dividend yield of 3.16%.
| Dividend Per Share | $1.44 |
| Dividend Yield | 3.16% |
| Dividend Growth (YoY) | 5.71% |
| Payout Ratio | 29.21% |
| Earnings Yield | 11.09% |
| FCF Yield | 2.8% |
Analyst Forecast
The average price target for MBWM is $55, which is 33.7% higher than the current price. The consensus rating is "Hold".
| Price Target | $55 |
| Price Target Difference | 33.7% |
| Analyst Consensus | Hold |
| Analyst Count | 2 |
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 | 0.46 |
| Piotroski F-Score | 6 |