Mercantile Bank Corporati... (MBWM)
Mercantile Bank Statistics
Share Statistics
Mercantile Bank has 16.14M shares outstanding. The number of shares has increased by 0.16% in one year.
| Shares Outstanding | 16.14M |
| Shares Change (YoY) | 0.16% |
| Shares Change (QoQ) | 0.03% |
| Owned by Institutions (%) | 61.83% |
| Shares Floating | 15.31M |
| Failed to Deliver (FTD) Shares | 2.13K |
| FTD / Avg. Volume | 2.95% |
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 7.87 and the forward PE ratio is 9.73. Mercantile Bank's PEG ratio is 0.24.
| PE Ratio | 7.87 |
| Forward PE | 9.73 |
| PS Ratio | 2.97 |
| Forward PS | 3.1 |
| PB Ratio | 1.24 |
| P/FCF Ratio | 10.79 |
| PEG Ratio | 0.24 |
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 1.16.
| Current Ratio | 0.07 |
| Quick Ratio | 0.07 |
| Debt / Equity | 1.16 |
| Total Debt / Capitalization | 53.74 |
| Cash Flow / Debt | 0.11 |
| 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 | $326,329.34 |
| Profits Per Employee | $123,079.34 |
| Employee Count | 668 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 20.48M |
| Effective Tax Rate | 0.2 |
Stock Price Statistics
The stock price has increased by 32.24% in the last 52 weeks. The beta is 1.02, so Mercantile Bank's price volatility has been higher than the market average.
| Beta | 1.02 |
| 52-Week Price Change | 32.24% |
| 50-Day Moving Average | 46.86 |
| 200-Day Moving Average | 44.47 |
| Relative Strength Index (RSI) | 50.89 |
| Average Volume (20 Days) | 72.09K |
Income Statement
In the last 12 months, Mercantile Bank 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 | 102.7M |
| Net Income | 82.22M |
| EBITDA | 114.19M |
| EBIT | 102.7M |
| 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 3.04%.
| Dividend Per Share | $1.44 |
| Dividend Yield | 3.04% |
| Dividend Growth (YoY) | 5.71% |
| Payout Ratio | 29.45% |
| Earnings Yield | 10.66% |
| FCF Yield | 7.72% |
Analyst Forecast
The average price target for MBWM is $55, which is 14.3% higher than the current price. The consensus rating is "Hold".
| Price Target | $55 |
| Price Target Difference | 14.3% |
| 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 | 0.43 |
| Piotroski F-Score | 5 |