Mercantile Bank Corporation (MBWM) — Stock Score Summary

Mercantile Bank Corporation (MBWM) has a MoatMap StockRank of 65/100 based on Quality (44/100), Value (40/100), and Momentum (65/100) factor scores. The current signal is HOLD. Mercantile Bank is a US regional bank. While it is a solid, well-run local institution, it lacks a structural, asymmetric macro tailwind from our core themes and does not possess the global scale, asset-light compounding, or un-copyable moat required for our concentrated book.

Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan, providing a full range of commercial and retail banking services to businesses and individuals across West Michigan. The bank operates as a relationship-driven community bank, leveraging local decision-making and a strong understanding of the West Michigan economy. Mercantile Bank is a leading community bank in West Michigan, recognized for its strong commercial lending focus and commitment to fostering local economic growth.

Key Financial Metrics

Price$53.89
Market Cap$913M
P/E (TTM)9.43
P/E (Forward)8.91
Price/Book1.23
Return on Equity13.7%
Gross Margin0.0%
Operating Margin41.0%
Revenue Growth25.8%
Dividend Yield3.0%

Mercantile Bank Corporation operates in the Banks - Regional industry, part of the Financial Services sector (United States).

Frequently Asked Questions

What is Mercantile Bank Corporation’s (MBWM) StockRank?
MoatMap’s StockRank for Mercantile Bank Corporation (MBWM) is 65/100, with a Hold signal. It is a composite of Quality (44), Value (40), and Momentum (65) factor ranks across MoatMap’s 19,000+ stock universe.
Does Mercantile Bank Corporation have an economic moat?
Mercantile Bank Corporation (MBWM) has a Quality factor score of 44/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Mercantile Bank Corporation a buy, hold, or sell?
MoatMap’s current signal for Mercantile Bank Corporation (MBWM) is Hold, based on a StockRank of 65/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Mercantile Bank Corporation in?
Mercantile Bank Corporation (MBWM) operates in the Financial Services sector, specifically the Banks - Regional industry (United States).
Browse all ranked stocksMBWM deep dive reportAI ChampionsHow we score stocksSense-check another stock