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16.7 (1y: +13%)
Market Cap 145.38 M P/E(ttm) 11.10
Enterprise Value 213.37 M P/B 1.00
MBWM- NAS (USA)
Mercantile Bank Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$16.70
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.448
MBWM's Cash to Debt is ranked lower than
72% of the 707 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.34 vs. MBWM: 0.448 )
MBWM' s 10-Year Cash to Debt Range
Min: 0.05   Max: 1.5
Current: 0.45
0.05
1.5
Equity to Asset 0.103
MBWM's Equity to Asset is ranked higher than
59% of the 882 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. MBWM: 0.103 )
MBWM' s 10-Year Equity to Asset Range
Min: 0.06   Max: 0.12
Current: 0.1
0.06
0.12
Interest Coverage No Debt
MBWM's Interest Coverage is ranked lower than
90% of the 882 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10000.00 vs. MBWM: No Debt )
MBWM' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 6
Z-Score: 0.25
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 33.20
MBWM's Operating margin (%) is ranked higher than
62% of the 719 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 28.90 vs. MBWM: 33.20 )
MBWM' s 10-Year Operating margin (%) Range
Min: -79.1   Max: 43.1
Current: 33.2
-79.1
43.1
Net-margin (%) 22.9
MBWM's Net-margin (%) is ranked higher than
63% of the 793 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.60 vs. MBWM: 22.9 )
MBWM' s 10-Year Net-margin (%) Range
Min: -88.4   Max: 64.1
Current: 22.9
-88.4
64.1
ROE (%) 8.6
MBWM's ROE (%) is ranked higher than
60% of the 775 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. MBWM: 8.6 )
MBWM' s 10-Year ROE (%) Range
Min: -37.2   Max: 22.7
Current: 8.6
-37.2
22.7
ROA (%) 0.9
MBWM's ROA (%) is ranked higher than
60% of the 768 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. MBWM: 0.9 )
MBWM' s 10-Year ROA (%) Range
Min: -2.7   Max: 2.6
Current: 0.9
-2.7
2.6
Revenue Growth (%) -2.9
MBWM's Revenue Growth (%) is ranked lower than
290697% of the 344 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.40 vs. MBWM: -2.9 )
MBWM' s 10-Year Revenue Growth (%) Range
Min: -3.1   Max: 15.6
Current: -2.9
-3.1
15.6
ยป MBWM's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

MBWM Guru Trades in Q2 2012

Jim Simons 279,260 sh (+12.17%)
» More
Q3 2012

MBWM Guru Trades in Q3 2012

Jim Simons 325,631 sh (+16.6%)
» More
Q4 2012

MBWM Guru Trades in Q4 2012

Jim Simons 336,960 sh (+3.48%)
» More
Q1 2013

MBWM Guru Trades in Q1 2013

Jim Simons 347,860 sh (+3.23%)
» More
» Details

Insider Trades

Latest Guru Trades with MBWM



No Insider Trades Found!

Ratios

vs
industry		 vs
history
P/E(ttm) 11.10
MBWM's P/E(ttm) is ranked higher than
70% of the 792 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.70 vs. MBWM: 11.10 )
MBWM' s 10-Year P/E(ttm) Range
Min: 2.24   Max: 132.43
Current: 11.1
2.24
132.43
P/B 1.00
MBWM's P/B is ranked lower than
54% of the 877 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.94 vs. MBWM: 1.00 )
MBWM' s 10-Year P/B Range
Min: 0.15   Max: 2.45
Current: 1
0.15
2.45
P/S 2.71
MBWM's P/S is ranked lower than
57% of the 896 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.48 vs. MBWM: 2.71 )
MBWM' s 10-Year P/S Range
Min: 0.44   Max: 7.15
Current: 2.71
0.44
7.15
PFCF 8.60
MBWM's PFCF is ranked lower than
60% of the 695 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. MBWM: 8.60 )
MBWM' s 10-Year PFCF Range
Min: 1.85   Max: 603.67
Current: 8.6
1.85
603.67
EV-to-EBIT 10.6
MBWM's EV-to-EBIT is ranked higher than
74% of the 745 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.89 vs. MBWM: 10.6 )
MBWM' s 10-Year EV-to-EBIT Range
Min: 7.6   Max: 36.8
Current: 10.6
7.6
36.8
Shiller P/E 342.7
MBWM's Shiller P/E is ranked lower than
100% of the Companies
in the Global Banks - Regional - US industry.

( Industry Median: vs. MBWM: 342.7 )
MBWM' s 10-Year Shiller P/E Range
Min: 2.43   Max: 342.7
Current: 342.7
2.43
342.7

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.80
MBWM's Dividend Yield is ranked lower than
61% of the 636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.20 vs. MBWM: 1.80 )
MBWM' s 10-Year Dividend Yield Range
Min: 0.11   Max: 8.51
Current: 1.8
0.11
8.51
Dividend Payout 0.125
MBWM's Dividend Payout is ranked higher than
99% of the 537 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.40 vs. MBWM: 0.125 )
MBWM' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.52
Current: 0.13
0.06
0.52
Dividend growth (3y) 6.5
MBWM's Dividend growth (3y) is ranked higher than
51% of the 177 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. MBWM: 6.5 )
MBWM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 16.2
Current: 6.5
0
16.2
Yield on cost (5-Year) 1.80
MBWM's Yield on cost (5-Year) is ranked lower than
54% of the 639 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.93 vs. MBWM: 1.80 )
MBWM' s 10-Year Yield on cost (5-Year) Range
Min: 0.11   Max: 8.51
Current: 1.8
0.11
8.51
Share Buyback Rate -1
MBWM's Share Buyback Rate is ranked lower than
952380% of the 105 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. MBWM: -1 )
MBWM' s 10-Year Share Buyback Rate Range
Min: 0.2   Max: -20
Current: -1

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1
MBWM's Price/Tangible Book is ranked higher than
53% of the 798 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. MBWM: 1 )
MBWM' s 10-Year Price/Tangible Book Range
Min: 0.2   Max: 2.2
Current: 1
0.2
2.2
Price/DCF (Projected) 0.6
MBWM's Price/DCF (Projected) is ranked lower than
61% of the 503 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. MBWM: 0.6 )
MBWM' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 1.3
Current: 0.6
0.1
1.3
Price/Median PS Value 1
MBWM's Price/Median PS Value is ranked lower than
57% of the 854 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. MBWM: 1 )
MBWM' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 2.3
Current: 1
0.2
2.3
Price/Graham Number 0.7
MBWM's Price/Graham Number is ranked higher than
58% of the 763 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. MBWM: 0.7 )
MBWM' s 10-Year Price/Graham Number Range
Min: 0.2   Max: 1.5
Current: 0.7
0.2
1.5
Earnings Yield (Greenblatt) 9.40
MBWM's Earnings Yield (Greenblatt) is ranked higher than
73% of the 745 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. MBWM: 9.40 )
MBWM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.7   Max: 13.2
Current: 9.4
2.7
13.2
Forward Rate of Return (Yacktman) 8.48
MBWM's Forward Rate of Return (Yacktman) is ranked lower than
74% of the 487 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.14 vs. MBWM: 8.48 )
MBWM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 9.8   Max: 29.5
Current: 8.48
9.8
29.5

Business Description

Mercantile Bank Corporation was organized on July 15, 1997, under the laws of the State of Michigan, mainly for the purpose of holding all of the stock of Mercantile Bank of Michigan (the bank), and of such other subsidiaries as it might acquire or establish. The Bank is a state banking company that operates under the laws of the State of Michigan, pursuant to a charter issued by the Michigan Office of Financial and Insurance Regulation. The Bank's deposits are insured to the maximum extent permitted by law by the Federal Deposit Insurance Corporation (FDIC). The Bank's primary service area is the Kent and Ottawa County areas of West Michigan, which includes the City of Grand Rapids, the second largest city in the State of Michigan. The Bank through its seven offices provides commercial banking services mainly to small- to medium-sized businesses and retail banking services in and around the Grand Rapids, Holland and Lansing areas. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It owns seven automated teller machines (ATM), located at each of its office locations, that participate in the MAC, NYCE and PLUS regional network systems, as well as other ATM networks throughout the country. The Bank also enables customers to conduct certain loan and deposit transactions by telephone and personal computer. Courier service is provided to certain commercial customers, and safe deposit facilities are available at each of its office locations. As a bank holding company under the Bank Holding Company Act, it is required to file an annual report with the Federal Reserve Board and such additional information as the Federal Reserve Board might require. It is also subject to examination by the Federal Reserve Board.
Company Website
SEC Reports
Industry: Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR
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Mercantile Bank Corp. Reports Operating Results (10-Q) Aug 07 2009 
Mercantile Bank Corp. Reports Operating Results (10-Q) May 06 2009 

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