MBWM
Price:
$50.73
Market Cap:
$818.88M
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 ...[Read more]
Industry
Banks - Regional
IPO Date
1999-07-20
Stock Exchange
NASDAQ
Ticker
MBWM
According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 10.23. This represents a change of 25.42% compared to the average of 8.16 of the last 4 quarters.
The mean historical PE Ratio of Mercantile Bank Corporation over the last ten years is 12.87. The current 10.23 PE Ratio has changed 7.85% with respect to the historical average. Over the past ten years (40 quarters), MBWM's PE Ratio was at its highest in in the December 2016 quarter at 19.06. The PE Ratio was at its lowest in in the June 2023 quarter at 5.43.
Average
12.87
Median
11.63
Minimum
7.87
Maximum
19.25
Discovering the peaks and valleys of Mercantile Bank Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 48.49%
Maximum Annual PE Ratio = 19.25
Minimum Annual Increase = -40.10%
Minimum Annual PE Ratio = 7.87
Year | PE Ratio | Change |
---|---|---|
2023 | 7.87 | -9.54% |
2022 | 8.70 | -8.35% |
2021 | 9.49 | -5.25% |
2020 | 10.01 | -17.22% |
2019 | 12.10 | 8.37% |
2018 | 11.16 | -40.10% |
2017 | 18.64 | -3.17% |
2016 | 19.25 | 27.59% |
2015 | 15.08 | -7.95% |
2014 | 16.39 | 48.49% |
The current PE Ratio of Mercantile Bank Corporation (MBWM) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
8.68
5-year avg
9.63
10-year avg
12.87
Mercantile Bank Corporation’s PE Ratio is less than Macatawa Bank Corporation (12.42), less than Great Southern Bancorp, Inc. (12.92), less than The First Bancorp, Inc. (11.97), greater than MidWestOne Financial Group, Inc. (-7.07), less than Lakeland Financial Corporation (19.22),
Company | PE Ratio | Market cap |
---|---|---|
12.42 | $509.24M | |
12.92 | $776.96M | |
11.97 | $319.28M | |
-7.07 | $687.65M | |
19.22 | $1.89B |
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