Mercantile Bank Statistics Share Statistics Mercantile Bank has 16.25M
shares outstanding. The number of shares has increased by 0.6%
in one year.
Shares Outstanding 16.25M Shares Change (YoY) 0.6% Shares Change (QoQ) 0.03% Owned by Institutions (%) 64.22% Shares Floating 15.47M Failed to Deliver (FTD) Shares 124 FTD / Avg. Volume 0.16%
Short Selling Information The latest short interest is 111.95K, so 0.69% of the outstanding
shares have been sold short.
Short Interest 111.95K Short % of Shares Out 0.69% Short % of Float 0.79% Short Ratio (days to cover) 1
Valuation Ratios The PE ratio is 9.02 and the forward
PE ratio is 8.23.
Mercantile Bank's PEG ratio is
-2.31.
PE Ratio 9.02 Forward PE 8.23 PS Ratio 1.98 Forward PS 2.7 PB Ratio 1.23 P/FCF Ratio 7.75 PEG Ratio -2.31
Financial Ratio History Enterprise Valuation Mercantile Bank has an Enterprise Value (EV) of 972.91M.
EV / Sales 2.69 EV / EBITDA 8.94 EV / EBIT 9.62 EV / FCF 10.51
Financial Position The company has a current ratio of 0.23,
with a Debt / Equity ratio of 1.11.
Current Ratio 0.23 Quick Ratio 0.23 Debt / Equity 1.11 Debt / EBITDA 5.96 Debt / FCF 7 Interest Coverage 0.75
Financial Efficiency Return on Equity is 13.62% and Return on Invested Capital is 5.88%.
Return on Equity 13.62% Return on Assets 1.32% Return on Invested Capital 5.88% Revenue Per Employee $546.66K Profits Per Employee $120.23K Employee Count 662 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 7.22% in the
last 52 weeks. The beta is 0.94, so Mercantile Bank's
price volatility has been higher than the market average.
Beta 0.94 52-Week Price Change 7.22% 50-Day Moving Average 46.21 200-Day Moving Average 45.84 Relative Strength Index (RSI) 38.36 Average Volume (20 Days) 77,051
Income Statement In the last 12 months, Mercantile Bank had revenue of 361.89M
and earned 79.59M
in profits. Earnings per share was 4.93.
Revenue 361.89M Gross Profit 224.07M Operating Income 98.29M Net Income 79.59M EBITDA 108.79M EBIT 98.29M Earnings Per Share (EPS) 4.93
Full Income Statement Balance Sheet The company has 393.01M in cash and 648.25M in
debt, giving a net cash position of -255.24M.
Cash & Cash Equivalents 393.01M Total Debt 648.25M Net Cash -255.24M Retained Earnings 334.65M Total Assets 6.18B Working Capital 925.32M
Full Balance Sheet Cash Flow In the last 12 months, operating cash flow was 101.12M
and capital expenditures -8.53M, giving a free cash flow of 92.59M.
Operating Cash Flow 101.12M Capital Expenditures -8.53M Free Cash Flow 92.59M FCF Per Share 5.74
Full Cash Flow Statement Margins Gross margin is 61.92%, with operating and profit margins of 27.16% and 21.99%.
Gross Margin 61.92% Operating Margin 27.16% Pretax Margin 27.16% Profit Margin 21.99% EBITDA Margin 30.06% EBIT Margin 27.16% FCF Margin 25.58%
Dividends & Yields MBWM pays an annual dividend of $1.84,
which amounts to a dividend yield of 3.32%.
Dividend Per Share $1.84 Dividend Yield 3.32% Dividend Growth (YoY) 5.71% Payout Ratio 37.1% Earnings Yield 11.09% FCF Yield 12.9%
Dividend Details Analyst Forecast The average price target for MBWM is $56,
which is 25.7% higher than the current price. The consensus rating is "Buy".
Price Target $56 Price Target Difference 25.7% Analyst Consensus Buy Analyst Count 3
Stock Forecasts Fair Value There are several formulas that can be used to estimate the
intrinsic value of a stock.
Lynch Fair Value $62.66 Lynch Upside 40.65% Graham Number 63.43 Graham Upside 42.38%
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 0.47 Piotroski F-Score 4
