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The price of Mercantile Bank Corporation (MBWM) on October 9, 2026 is 57.78 USD, -0.72% on the day. Over 52 weeks the stock traded between 42.75 USD and 62.95 USD; the price now sits 74% of the way up that range. Over the past year the price changed by +28.00%. The P/E ratio is 10.9, which is below the sector median (13.4). Market capitalization is 1.01 billion USD, rank 73 among 159 stocks of the same industry with a known capitalization.
Closing prices for 09 October 2026
Next earnings report: 20 October 2026 · Earnings calendar
Mercantile Bank Corporation trades on Nasdaq under the ticker MBWM. The company belongs to the Financials sector. The trading history on this page starts on 22 August 2016.
Over the past 52 weeks MBWM has traded between 42.75 $ and 62.95 $. As of 09 October 2026 the price stood 74.41 % of the way from the 52-week low to the high.
Over one year MBWM shares rose 28.00 %; over six months they rose 8.00 %. Volatility over 90 days is 22.15 %. Dividends are not included: this is price change only, as of 09 October 2026.
MBWM trades at a price-to-earnings ratio of 10.9, below the sector median of 13.4. Price to sales is 3.0, above the sector median of 2.7. Price to book is 1.4, above the sector median of 1.3. Calculated from reports for the period ending 31 March 2026.
| Date | Open | High | Low | Close | Volume, shares |
|---|---|---|---|---|---|
| 09 October 2026 | 58.01 | 58.19 | 57.70 | 57.78 | 132,763 |
| 08 October 2026 | 57.87 | 58.88 | 57.75 | 58.20 | 146,300 |
| 07 October 2026 | 58.18 | 59.50 | 57.65 | 58.03 | 111,400 |
| 06 October 2026 | 59.36 | 59.60 |
The series is stated in the current share scale after splits; dividends are not included in the price
Based on the last 12 months of reports, through 31 March 2026
The sector median covers every company in the sector on the US market, loss-making ones included.
Address:310 LEONARD STREET NW, GRAND RAPIDS, MI, 49504, US
Mercantile Bank Corporation reported revenue of 335M $ and net income of 92M $ over the last four quarters. Net margin is 27.41 %. Revenue changed by +3.13 % year over year. Earnings per share are 5.58 $. Market capitalisation is 1.0B $.
MBWM has a return on equity of 12.47 %, above the sector median of 9.80 %. Return on assets is 1.32 %, above the sector median of 1.13 %.
Mercantile Bank Corporation pays dividends quarterly: 1.56 $ per share over the past twelve months, a yield of 2.68 %. The latest payment was 0.40 $, with an ex-dividend date of 04 September 2026. The company has raised its payout for 7 years in a row.
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| 58.79 |
| 58.83 |
| 85,300 |
| 05 October 2026 | 59.39 | 59.82 | 58.50 | 59.09 | 91,100 |
| 02 October 2026 | 59.34 | 60.05 | 58.99 | 59.50 | 107,300 |
| 01 October 2026 | 58.30 | 59.11 | 57.52 | 58.90 | 139,100 |
| 30 September 2026 | 58.89 | 59.34 | 58.19 | 58.32 | 156,000 |
| 29 September 2026 | 59.22 | 59.60 | 58.38 | 58.89 | 114,500 |
| 28 September 2026 | 60.03 | 60.03 | 59.10 | 59.38 | 81,400 |
| 25 September 2026 | 59.68 | 60.45 | 59.68 | 60.03 | 91,700 |
| 24 September 2026 | 58.85 | 59.56 | 58.76 | 59.52 | 81,600 |
| 23 September 2026 | 59.11 | 59.15 | 58.63 | 58.68 | 77,300 |
| 22 September 2026 | 60.03 | 60.27 | 59.07 | 59.12 | 75,900 |
| 21 September 2026 | 60.01 | 60.46 | 59.65 | 59.67 | 92,800 |
| 18 September 2026 | 60.01 | 60.55 | 59.29 | 60.03 | 225,500 |
| 17 September 2026 | 61.05 | 61.12 | 59.92 | 60.38 | 91,300 |
| 16 September 2026 | 61.77 | 62.95 | 59.19 | 60.55 | 202,300 |
| 15 September 2026 | 61.35 | 61.80 | 60.95 | 61.77 | 108,300 |
| 14 September 2026 | 61.74 | 62.16 | 60.94 | 61.33 | 159,400 |