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Mercantile Bank (Mercantile Bank) 6-Month Price Index : 1.10 (As of Apr. 27, 2024)


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What is Mercantile Bank 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-27), Mercantile Bank's 6-Month Price Index is 1.10.

Competitive Comparison of Mercantile Bank's 6-Month Price Index

For the Banks - Regional subindustry, Mercantile Bank's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mercantile Bank  (NAS:MBWM) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercantile Bank  (NAS:MBWM) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Mercantile Bank 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Mercantile Bank's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercantile Bank (Mercantile Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (NAS:MBWM) » Definitions » 6-Month Price Index
Comparable Companies
OSBC UVSP MCBS FBAK HBT FCBC HBIA GSBC FMBL NBBK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
MCS:Germany
Address
310 Leonard Street NW, Grand Rapids, MI, USA, 49504
Website
https://www.mercbank.com
Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
Executives
Amy L Sparks director C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael H Price director, officer: President & COO MERCANTILE BANK CORP, 5650 BYRON CENTER SW, WYOMING MI 49509
David B Ramaker director 235 E. MAIN STREET, MIDLAND MI 48640
Robert T. Worthington officer: SENIOR V.P., GENERAL COUNSEL 310 LEONARD ST NW, GRAND RAPIDS MI 49504
Brett Hoover officer: SVP, Human Resources Director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Lonna Wiersma officer: SVP, Human Resources Director C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael S. Davenport director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Michelle Larabee Eldridge director 259 E. MICHIGAN AVE., SUITE 105, KALAMAZOO MI 49007
Edward B Grant director
Thomas R Sullivan director, officer: CHAIRMAN OF THE BOARD
Edward J Clark director C/O AMERICAN SEATING CO, 401 AMERICAN SEATING CENTER N.W., GRAND RAPIDS MI 49504-4499
Raymond E. Reitsma director 310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Jeff A Gardner director C/O FIRSTBANK CORPORATION, 311 WOODWORTH AVENUE, ALMA MI 48801
Samuel G Stone officer: EXECUTIVE VICE PRESIDENT
Robert B Kaminski officer: Senior VP & Secretary C/O MERCANTILE BANK CORP, 5650 BYRON CENTER AVENUE SW, WYOMING MI 49509