AI Score
Our AI model analyzes fundamental, technical, and statistical indicators
to predict the probability of a bullish trend over the next three months.
We regularly update and refine our models to deliver the most reliable forecasts
for you.
Bullish Probability | Sentiment | Score |
---|---|---|
+80% | Strong Buy | 10 |
+75% | Buy | 9 |
+70% | Buy | 8 |
+60% | Buy | 7 |
+50% | Hold | 6 |
+45% | Hold | 5 |
+40% | Hold | 4 |
+35% | Sell | 3 |
+30% | Sell | 2 |
+20% | Strong Sell | 1 |
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 |
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 |
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 |
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 |
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% |
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 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 |