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 (%) | 63.66% |
| Shares Floating | n/a |
| Failed to Deliver (FTD) Shares | 34 |
| FTD / Avg. Volume | 0.06% |
Short Selling Information
The latest short interest is 157.65K, so 0.97% of the outstanding
shares have been sold short.
| Short Interest | 157.65K |
| Short % of Shares Out | 0.97% |
| Short % of Float | 1.12% |
| Short Ratio (days to cover) | 3.47 |
Valuation Ratios
The PE ratio is 9.02 and the forward
PE ratio is 8.77.
Mercantile Bank's PEG ratio is
-2.31.
| PE Ratio | 9.02 |
| Forward PE | 8.77 |
| PS Ratio | 2.23 |
| Forward PS | 2.9 |
| PB Ratio | 1.23 |
| P/FCF Ratio | 7.75 |
| PEG Ratio | -2.31 |
Financial Ratio HistoryEnterprise Valuation
Mercantile Bank has an Enterprise Value (EV) of 851.37M.
| EV / Sales | 2.65 |
| EV / EBITDA | 0 |
| EV / EBIT | 8.42 |
| EV / FCF | 9.2 |
Financial Position
The company has a current ratio of 0.03,
with a Debt / Equity ratio of 0.9.
| Current Ratio | 0.03 |
| Quick Ratio | 0.03 |
| Debt / Equity | 0.9 |
| Debt / EBITDA | n/a |
| Debt / FCF | 5.69 |
| Interest Coverage | 2.45 |
Financial Efficiency
Return on Equity is 13.62% and Return on Invested Capital is -16.53%.
| Return on Equity | 13.62% |
| Return on Assets | 1.32% |
| Return on Invested Capital | -16.53% |
| Revenue Per Employee | $485,652.57 |
| Profits Per Employee | $120,231.12 |
| Employee Count | 662 |
| Asset Turnover | 0.05 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 18.69M |
| Effective Tax Rate | 19.02% |
Stock Price Statistics
The stock price has increased by 17.98% in the
last 52 weeks. The beta is 0.89, so Mercantile Bank's
price volatility has been higher than the market average.
| Beta | 0.89 |
| 52-Week Price Change | 17.98% |
| 50-Day Moving Average | 43.02 |
| 200-Day Moving Average | 45.21 |
| Relative Strength Index (RSI) | 54.43 |
| Average Volume (20 Days) | 57,726 |
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 | n/a |
| EBIT | -10.51M |
| Earnings Per Share (EPS) | 4.93 |
Full Income StatementBalance Sheet
The company has 393.01M in cash and 526.73M in
debt, giving a net cash position of -133.72M.
| Cash & Cash Equivalents | 393.01M |
| Total Debt | 526.73M |
| Net Cash | -133.72M |
| Retained Earnings | n/a |
| Total Assets | 6.14B |
| Working Capital | 857.9M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was 101.12M
and capital expenditures 0, giving a free cash flow of 92.59M.
| Operating Cash Flow | 101.12M |
| Capital Expenditures | n/a |
| Free Cash Flow | 92.59M |
| FCF Per Share | 5.74 |
Full Cash Flow StatementMargins
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 | 28.8% |
Dividends & Yields
MBWM pays an annual dividend of $1.81,
which amounts to a dividend yield of 3.29%.
| Dividend Per Share | $1.81 |
| Dividend Yield | 3.29% |
| Dividend Growth (YoY) | 5.71% |
| Payout Ratio | 37.71% |
| Earnings Yield | 11.09% |
| FCF Yield | 12.9% |
Dividend DetailsAnalyst Forecast
The average price target for MBWM is $52.25,
which is 17.1% higher than the current price. The consensus rating is "Hold".
| Price Target | $52.25 |
| Price Target Difference | 17.1% |
| Analyst Consensus | Hold |
| Analyst Count | 2 |
Stock ForecastsStock 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 | 0.42 |
| Piotroski F-Score | 5 |
