Insider buying last 90 days
No open-market insider purchases were filed for MBWM in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every MBWM insider filing, plotted on the chart in Gekko.Open MBWM in Gekko
NASDAQ: MBWM
Mercantile Bank (MBWM) Stock Analysis & Forecast
Oct 12 close
$58.29+0.51 (+0.9%)
Gekko Brief
AI summaryOct 12 closeMercantile Bank's stock moved above its 200-day moving average this week, trading as high as $58.19 before settling near $57.78, a move noted alongside a "Moderate Buy" consensus and an average price target of $62.00. Coverage also pointed to second-quarter 2026 results, with net income up 14.60% to $25.90 million and diluted earnings per share of $1.50, alongside commercial loan growth and stable net interest margins. A universal shelf registration filing was also noted, giving the bank flexibility to issue securities for future funding needs such as technology upgrades or acquisitions.
Shares of MBWM closed at $58.29, up 0.9%, sitting between the 50-day average of $60.16 and the 200-day average of $54.66, with a 52-week range of $42.75 to $62.95. The GekkoIndex reads 60.3, placing the stock in the Accumulation zone, while price sits 5% below Gekko Fair Value of $61.39.
Mercantile Bank reports earnings on 20 October 2026, seven days away, inside a typical 20-trading-day holding window; its last report showed EPS of $1.53 against an estimate of $1.32, with an average absolute reaction of 4.2%. No insider, Congress, or unusual options activity appears in their respective windows. Seasonally, the next 20 trading days have averaged a 11.9% move over 5 years, rising in 5 of them.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Mercantile Bank price vs fair value
Close $58.29200-day averageGekko Fair Value $61.39
Mercantile Bank quick facts
- Market cap
- $1.01B
- P/E ratio
- 10.2
- Forward P/E
- 10.9
- EPS, TTM
- $5.69
- Revenue, TTM
- $263.9M
- Profit margin
- 36.1%
- Dividend yield
- 2.65%
- Beta
- 0.84
- Volume
- 94,934 avg 112,231
- 1-year return
- +29.5%
- Typical daily move
- ±1.8%
- Typical 20-day move
- ±5.8%
- 50-day average
- $60.16
- 200-day average
- $54.66
- Next earnings
- Oct 20
- Shares outstanding
- 17.29M
Mercantile Bank swing-trade checklist
Mercantile Bank scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $58.29 sits between the 50-day ($60.16) and 200-day ($54.66) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
60.3, Accumulation
Reading 60.3 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
5.0% below
Price is 5% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 8 days
Reports on Oct 20, 2026, 8 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+11.9% on average
From this point in the calendar, the next 20 trading days averaged +11.9% over 5 years, rising in 5 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Mercantile Bank stock chart and price history
Mercantile Bank closed at $58.29 on Oct 12, 2026, +29.5% over the past year, inside a 52-week range of $42.75 to $62.95.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −5.6%
- 3 months
- +2.2%
- 6 months
- +9.4%
- 1 year
- +29.5%
The full MBWM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MBWM in Gekko
Follow Mercantile Bank through every session
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About Mercantile Bank
Mercantile Bank functions as the holding company overseeing Mercantile Bank of Michigan, which delivers everyday banking services to small and mid-sized businesses along with individual account holders. Customers can choose from checking and savings accounts, certificates of deposit, and various time deposit options, while borrowers have access to financing for commercial ventures, land purchases, home construction, and residential or investment properties. The bank rounds out its offerings with consumer loans for vehicles and recreational equipment, plus home equity credit lines.
In addition to traditional lending and deposit services, Mercantile Bank distributes insurance products covering vehicles, homes, boats, recreational vehicles, umbrella liability, small businesses, and life policies. Clients are served through a mix of physical branches, automated teller machines, and video banking stations, supplemented by courier pickup and secure deposit box options. This blend of financial and insurance offerings caters to both personal account holders and smaller commercial enterprises seeking a single banking relationship.
The company traces its founding back to 1997 and keeps its headquarters in Grand Rapids, Michigan. Mercantile Bank is listed on the NASDAQ under the ticker MBWM.
- Listed
- NASDAQ
- Sector
- Finance
- Industry
- Regional banks
- Website
- mercbank.com
Mercantile Bank GekkoIndex: the smart money zone
Mercantile Bank’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.3, in the Accumulation zone, up 0.3 points over five sessions.
60.3Accumulation
Up 0.3 points over five sessions.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 16 | +1.4% | +8.0% | ||
| Accumulation (current zone) | 206 | +0.8% | +4.0% | ||
| Neutral | 419 | +0.2% | +0.8% | ||
| Distribution | 36 | −1.5% | −5.2% | ||
| Selling | 5 | Too few readings yet | |||
Average MBWM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the MBWM price, zone by zone.Track MBWM in Gekko
Is Mercantile Bank stock overvalued? Gekko Fair Value
Mercantile Bank trades 5.0% below Gekko Fair Value of $61.39, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Mercantile Bank shares are worth, recalculated every trading day.
$61.39
Gekko Fair Value, Oct 10, 2026
5.0% Undervalued
At the end of Aug 2026 the price was 3.1% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open MBWM in Gekko
Mercantile Bank insider and Congress trading
No open-market insider purchases were filed for Mercantile Bank, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in MBWM were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for MBWM, plotted on the chart in Gekko.Open MBWM in Gekko
Buybacks
Mercantile Bank has been buying back its own shares.
- Bought back, quarter ended Dec 31, 2021
- $1.58M
- As a share of market cap
- 0.16%
From company filings.
Mercantile Bank earnings: next date and track record
Mercantile Bank reports on Oct 20, 2026 (8 days away), and beat the EPS estimate in 8 of its last 8 reports.
Next earnings report
Oct 20, 2026
8 days away
- EPS estimate
- $1.35
- Revenue estimate
- $70.84M
8 of 8reports beat the EPS estimate
±4.2%average move across the report
7 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jul 21, 2026 AI summary
- What they said
- Mercantile Bank reported Q2 2026 EPS growth of 10% year-over-year, with ROA of 1.52% and ROE of 14%. Net interest margin expanded 11 basis points to 3.59% over five quarters despite a 71 basis point drop in SOFR rates. Commercial loan growth was $115 million (11.7% annualized) in Q2. The Eastern Michigan acquisition (closed 12/31/2025) contributed to 12.4% deposit growth and improved liquidity, with loan-to-deposit ratio improving to 93% from 110% in 2023.
- Guidance
- Management expects full-year 2026 loan growth in the mid-single digit percentage range. Loan commitments for new and existing construction loans totaled $507 million, near five-quarter highs, suggesting continued pipeline strength.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jul 21, 2026 | $1.53 est $1.32 | $68.76M est $68.81M | +0.2% |
| Apr 21, 2026 | $1.32 est $1.26 | $67.60M est $67.41M | −5.3% |
| Jan 20, 2026 | $1.40 est $1.37 | $62.10M est $61.98M | +6.6% |
| Oct 21, 2025 | $1.46 est $1.38 | $62.39M est $61.33M | +1.4% |
| Jul 22, 2025 | $1.39 est $1.23 | $60.94M est $61.75M | +0.3% |
| Apr 22, 2025 | $1.21 est $1.19 | $57.25M est $60.15M | +3.2% |
| Jan 21, 2025 | $1.22 est $1.14 | $58.53M est $56.08M | +9.7% |
| Oct 15, 2024 | $1.22 est $1.17 | $57.96M est $56.83M | +7.0% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Mercantile Bank stock forecast and analyst price targets
Analysts’ average 12-month price target for Mercantile Bank is $63.17, +8.4% from the last close, from 5 firms rating the stock in the last 90 days.
$63.17consensus 12-month target, +8.4% from the last close
Now $58.29Avg $63.17
Low $60High $65
Each firm’s latest rating in the last 90 days: 5 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 1 | Raymond James | $65 | +11.5% |
| Jul 22 | Hovde Group | $62 | +6.4% |
| Jul 22 | Stephens | $60 | +2.9% |
| Jul 22 | Piper Sandler | $65 | +11.5% |
| Jul 22 | KBW | $64 | +9.8% |
+4.0%average 20-day move after past Accumulation readings
+11.9%average move over the next 20 trading days in the last 5 years
±1.8%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Mercantile Bank seasonality: the next 20 trading days
Over the next 20 trading days from Oct 10, Mercantile Bank averaged +11.9% across the last 5 years, rising in 5 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +4.6% | 4 of 5 |
| Next 10 trading days | +4.2% | 5 of 5 |
| Next 15 trading days | +6.0% | 4 of 5 |
| Next 20 trading days | +11.9% | 5 of 5 |
| Next 30 trading days | +11.0% | 5 of 5 |
For scale, MBWM’s typical 20-trading-day move in either direction is about 5.8%.
Mercantile Bank market cap and key statistics
Mercantile Bank’s market cap is $1.01B, with a P/E ratio of 10.2 and revenue of $263.9M over the last twelve months.
Valuation
- Market cap
- $1.01B
- P/E ratio
- 10.2
- Forward P/E
- 10.9
- EPS, TTM
- $5.69
- Gekko Fair Value
- $61.39
Trading
- Volume
- 94,934
- Avg volume, 20 days
- 112,231
- 52-week high
- $62.95
- 52-week low
- $42.75
- Shares outstanding
- 17.29M
Financials
- Revenue, TTM
- $263.9M
- Profit margin
- 36.1%
- Return on equity
- 13.7%
- Quarterly earnings growth, YoY
- +7.9%
Risk and income
- Beta
- 0.84
- Typical daily move
- ±1.8%
- Typical 20-day move
- ±5.8%
- Dividend yield
- 2.65%
Mercantile Bank stock news this week
Coverage of Mercantile Bank this week reads positive: 2 positive, 2 neutral and 0 negative headlines.
- Mercantile Bank (NASDAQ:MBWM) Stock Price Breaks Above 200-Day Moving Average - Here's WhyMarketBeat, Oct 10
- Mercantile Bank Corporation (MCS.F) stock price, news, quote and historyYahoo Finance UK, Oct 7
- Why Mercantile Bank (MBWM) is a Top Dividend Stock for Your PortfolioZacks Investment Research, Oct 7
- Mercantile Bank reports second-quarter growth: what it means for Mercantile Bank stockAD HOC NEWS, Oct 7
- How Investors Are Reacting To Mercantile Bank (MBWM) Shelf Registration FilingWebull, Oct 5
Mercantile Bank peers
Mercantile Bank’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| CMCanadian Imperial Bank of Commerce | Accumulation | 5.7% below |
| USBU.S. Bancorp | Accumulation | 11.0% below |
| NUNu | Neutral | 0.7% below |
| TFCTruist Financial | Accumulation | 9.6% below |
| FITBFifth Third Bancorp | Accumulation | 11.2% below |
| MTBM&T Bank | Accumulation | 9.1% below |
A peer links to its own page where one exists.
Mercantile Bank stock FAQ
What is Mercantile Bank’s market cap?
Mercantile Bank’s market cap is $1.01B at the Oct 12, 2026 close of $58.29, with 17.29M shares outstanding. The shares trade on a P/E ratio of 10.2.
What is the Mercantile Bank stock forecast?
The consensus analyst 12-month price target for Mercantile Bank is $63.17, +8.4% from the last close. Of the 5 firms that rated the stock in the last 90 days, 2 rate it a buy, 3 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Mercantile Bank stock overvalued or undervalued?
On Gekko’s estimate Mercantile Bank is undervalued: the Oct 12, 2026 close of $58.29 is 5.0% below Gekko Fair Value of $61.39. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Mercantile Bank report earnings next?
Mercantile Bank is expected to report on Oct 20, 2026 (8 days away). Analysts expect earnings of $1.35 per share on revenue of $70.84M. Mercantile Bank beat the earnings estimate in 8 of its last 8 reports, moving 4.2% on average across the report.
What is Mercantile Bank’s 52-week high and low?
Mercantile Bank’s 52-week high is $62.95 and its 52-week low is $42.75; it closed at $58.29 on Oct 12, 2026, +29.5% over the past year.
Is Mercantile Bank stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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