Mercantile Bank Corporation is part of the financial services sector and banking industry. The company CEO is Robert B. Kaminski. Mercantile Bank Corp is a bank holding company. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage and installment loans.



Previous Intraday Performance:

The MBWM shares had a previous change of 0.95% which opened at 31.73 and closed at 31.85. It moved to an intraday high of 32.05 and a low of 31.20.

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Historical Performance:

Over the last five trading days, MBWM shares returned 1.27% and in the past 30 trading days it returned -4.99%. Over three months, it changed -5.21%. In one year it has changed -10.50% and within that year its 52 week high was 38.47 and its 52 week low was 26.40. MBWM stock is 20.64% above its 52 week low.

Our calculations result in a 200 day moving average of 32.17 and a 50 day moving average of 32.74. Right now, MBWM stock is trading -0.99% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.

SeekingAlpha:  Dividend Challenger Highlights: Week Of June 2

Liquidity:

The company has a market cap of $523.1m with 16.4m shares outstanding and a float of 15.7m shares. Trading volume was 42,695 shares and has experienced an average volume of 24,456 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Mercantile Bank Corporation was 2.54 which ended on 31st of December 2018, which according to the previous close, that is a PE of 12.54. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.59. The trailing twelve month EPS reported is 2.54 (trailing twelve month diluted EPS is 2.60).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 04-16-2019: 0.72
4thQtr 2018Reported 01-22-2019: 0.70
3rdQtr 2018Reported 10-16-2018: 0.61
2ndQtr 2018Reported 07-17-2018: 0.57
1stQtr 2018Reported 04-17-2018: 0.66

Base on our calculations, the intrinsic value per share is 33.81, which means it might be undervalued and has a margin of safety of 5.81%.

The long-term trend of the EPS is an important number as it indicates the present value of Mercantile Bank Corporation; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been 7.30% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 4.40% of insider ownership and 82.40% of institutional ownership.

The beta was calculated to be 0.84.

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Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 1.26%, profit margin is 25.74%, price-to-sales is 3.10 and price-to-book is 1.35.

Company Score Card:

Results are out of six:
 1  : Growth Expectations Result
 6  : Financial Safety Result
 3  : Past Performance Result
 2  : Valuation Result
 3  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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