Mercantile Bank Corporation
Ticker
MBWM
ISIN
US587376104
Price
USD 39.38
Change Today
+0.15 / 0.382 %
Price 1 year ago
25.15 / 56.57 %
Market Capitalization
540,952,576.00
52 Week Low
24.77
52 Week High
41.70
200 Day Moving Average
35.60
50-day Moving Average
37.20
Price evolution
Yearly Returns
Peers
Peers
Company information
Summary
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Sector
Financial Services
Industry
Banks—Regional
Country
United States
Exchange
NMS
Earnings Per Share
2.931
P/E Ratio
11.777551
Debt/Equity Ratio
-
Beta
0.99404
Ebitda
-
-
Enterprise to Ebitda
-
Enterprise Value
785,654,784.00
Target Price
39.50
Estimated Price
-
Book Value
27.20
Expected Growth
-
Balance sheet
Income statement
Sustainability
Correlation
Company | Name | Correlation |
---|---|---|
SKBNK.IS | SEKERBANK | -0.16 |
ALBRK.IS | ALBARAKA TURK | -0.10 |
VAKBN.IS | VAKIFLAR BANKASI | -0.09 |
HALKB.IS | T. HALK BANKASI | -0.07 |
YESBANK.NS | YES BANK | -0.03 |
TSKB.IS | T.S.K.B. | -0.03 |
600016.SS | CHINA MINSHENG BANKING CORP | -0.02 |
ISCTR.IS | IS BANKASI (C) | 0.00 |
000001.SZ | PING AN BANK | 0.01 |
601818.SS | CHINA EVERBRIGHT BANK CO LTD | 0.04 |
AKBNK.IS | AKBANK | 0.05 |
SAHOL.IS | SABANCI HOLDING | 0.07 |
GARAN.IS | GARANTI BANKASI | 0.08 |
BBCA.JK | Bank Central Asia Tbk. | 0.10 |
BBRI.JK | Bank Rakyat Indonesia (Persero) | 0.11 |
601166.SS | INDUSTRIAL BANK CO LTD | 0.11 |
BMRI.JK | Bank Mandiri (Persero) Tbk. | 0.14 |
600036.SS | CHINA MERCHANTS BANK CO LTD | 0.14 |
1658.HK | PSBC | 0.18 |
BABP.JK | Bank MNC Internasional Tbk. | 0.18 |
600919.SS | BANK OF JIANGSU | 0.19 |
BBKP.JK | Bank KB Bukopin Tbk. | 0.20 |
601169.SS | BANK OF BEIJING CO. LTD. | 0.22 |
601658.SS | POSTAL SAVINGS BANK OF CHINA CO | 0.23 |
KTB.BK | KRUNG THAI BANK PUBLIC COMPANY | 0.23 |
ISP.MI | INTESA SANPAOLO | 0.38 |
LLOY.L | LLOYDS BANKING GROUP PLC | 0.46 |
BCP.LS | B.C.P.-BCO COMERCIAL PORTUGUES | 0.62 |
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ISP.MI | INTESA SANPAOLO | Turin | Italy | EUR | MIL | 1.62 | 96680 | https://www.intesasanpaolo.com | |
YESBANK.NS | YES BANK | Mumbai | India | INR | NSI | 0.77 | 25158 | https://www.yesbank.in | |
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VAKBN.IS | VAKIFLAR BANKASI | Istanbul | Turkey | TRY | IST | 0.82 | 16876 | https://www.vakifbank.com.tr | |
BCP.LS | B.C.P.-BCO COMERCIAL PORTUGUES | Porto | Portugal | EUR | LIS | 15868 | https://ind.millenniumbcp.pt | ||
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SAHOL.IS | SABANCI HOLDING | Istanbul | Turkey | TRY | IST | 0.76 | 64001 | https://www.sabanci.com | |
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Indicators
Glossary
- Momentum
- A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
- Inertia
- In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
- Relative Strength Index (RSI)
- A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
- Fibonacci's Weighted Moving Average
- A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
- Williams %R
- A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
- Relative Volatility Index (RVI)
- A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
- Commodity Channel Index (CCI)
- A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.