Mercantile Bank Corporation (MBWM) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Mercantile Bank Corporation stock (MBWM) is currently trading at $49.87. Mercantile Bank Corporation PE ratio is 8.89. Mercantile Bank Corporation PS ratio (Price-to-Sales) is 3.52. Analyst consensus price target for MBWM is $57.40. WallStSmart rates MBWM as Moderate Buy.
- MBWM PE ratio analysis and historical PE chart
- MBWM PS ratio (Price-to-Sales) history and trend
- MBWM intrinsic value — DCF, Graham Number, EPV models
- MBWM stock price prediction 2025 2026 2027 2028 2029 2030
- MBWM fair value vs current price
- MBWM insider transactions and insider buying
- Is MBWM undervalued or overvalued?
- Mercantile Bank Corporation financial analysis — revenue, earnings, cash flow
- MBWM Piotroski F-Score and Altman Z-Score
- MBWM analyst price target and Smart Rating
Mercantile Bank Corporation
📊 No data available
Try selecting a different time range
MBWM Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Mercantile Bank Corporation (MBWM)
MBWM trades at a significant discount to its Graham intrinsic value of $178.10, offering a 70% margin of safety — a level value investors typically seek before buying.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Mercantile Bank Corporation (MBWM) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in operating margin, price/book, profit margin. Overall metrics suggest strong investment potential with favorable risk/reward.
Mercantile Bank Corporation (MBWM) Key Strengths (4)
Keeps $48 of every $100 in revenue after operating costs
Keeps $37 of every $100 in revenue as net profit
Trading at 1.16x book value, attractively priced
63.42% held by institutions, strong professional interest
Supporting Valuation Data
Mercantile Bank Corporation (MBWM) Areas to Watch (6)
Modest revenue growth at 9.70%
Small-cap company with higher risk but more growth potential
Moderate profitability with room for improvement
Growth is fairly priced, not cheap, not expensive
Revenue is fairly priced at 3.52x sales
Solid earnings growth at 16.10%
Mercantile Bank Corporation (MBWM) Detailed Analysis Report
Overall Assessment
This company scores 68/100 in our Smart Analysis, earning a B- grade. Out of 10 metrics analyzed, 4 register as strengths (avg 9.0/10) while 6 fall into concern territory (avg 5.3/10). All four categories (Growth, Profitability, Valuation, and Quality) show healthy scores, indicating broadly sound fundamentals.
The Bull Case
The strongest argument centers on Operating Margin, Profit Margin, Price/Book. Valuation metrics including Price/Book (1.16) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 48.10%, Profit Margin at 37.20%.
The Bear Case
The primary concerns are Revenue Growth, Market Cap, Return on Equity. Some valuation metrics including PEG Ratio (1.63), Price/Sales (3.52) suggest expensive pricing. Growth concerns include Revenue Growth at 9.70%, EPS Growth at 16.10%, which may limit upside. Profitability pressure is visible in Return on Equity at 13.60%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Revenue Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 13.60% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at 9.70% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Operating Margin, Profit Margin) and negatives (Revenue Growth, Market Cap). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
MBWM Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
MBWM's Price-to-Sales ratio of 3.52x trades at a 17% premium to its historical average of 3.02x (52th percentile). The current valuation is 42% below its historical high of 6.07x set in Jun 2014, and 650% above its historical low of 0.47x in Dec 2009.
WallStSmart Analysis Synopsis
Data-driven financial summary for Mercantile Bank Corporation (MBWM) · FINANCIAL SERVICES › BANKS - REGIONAL
The Big Picture
Mercantile Bank Corporation is a mature, profitable business with steady cash generation. Revenue reached 238M with 10% growth year-over-year. Profit margins are strong at 37.2%, reflecting pricing power and operational efficiency.
Key Findings
Profit margin of 37.2% and operating margin of 48.1% demonstrate strong pricing power and operational efficiency.
Generating 5M in free cash flow and 6M in operating cash flow. Earnings are translating into actual cash generation.
What to Watch Next
Sector dynamics: monitor BANKS - REGIONAL industry trends, competitive moves, and regulatory changes that could impact Mercantile Bank Corporation.
Bottom Line
Mercantile Bank Corporation is a well-established business delivering consistent profitability with 37.2% margins. The growth phase may be slowing, but strong cash generation and operational efficiency make it suitable for investors seeking reliability over excitement.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
Loading insider activity...
About Mercantile Bank Corporation(MBWM)
NASDAQ
FINANCIAL SERVICES
BANKS - REGIONAL
USA
Mercantile Bank Corporation is the banking holding company for Mercantile Bank of Michigan providing commercial and retail banking services for small and medium-sized businesses and individuals in the United States. The company is headquartered in Grand Rapids, Michigan.