Mercantile Bank (NASDAQ:MBWM) Stock Passes Above 200 Day Moving Average – Time to Sell?

Posted by Geri Gentry on Aug 8th, 2026

Mercantile Bank Corporation (NASDAQ:MBWM – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $53.55 and traded as high as $62.35. Mercantile Bank shares last traded at $61.33, with a volume of 192,504 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MBWM. Piper Sandler set a $65.00 price objective on Mercantile Bank in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their target price on Mercantile Bank from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Hovde Group cut shares of Mercantile Bank from an “outperform” rating to a “market perform” rating and set a $62.00 price objective on the stock. in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mercantile Bank in a report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Mercantile Bank currently has an average rating of “Hold” and an average target price of $60.40.

Check Out Our Latest Analysis on MBWM

Mercantile Bank Stock Performance

The stock has a market capitalization of $1.05 billion, a PE ratio of 10.69 and a beta of 0.79. The business’s 50 day moving average is $56.77 and its 200 day moving average is $53.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59.

Mercantile Bank (NASDAQ:MBWM – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.21. Mercantile Bank had a return on equity of 13.66% and a net margin of 24.75%.The business had revenue of $68.76 million during the quarter, compared to analyst estimates of $68.81 million. On average, equities research analysts predict that Mercantile Bank Corporation will post 5.7 earnings per share for the current fiscal year.

Mercantile Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, September 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 2.6%. This is a boost from Mercantile Bank’s previous quarterly dividend of $0.39. Mercantile Bank’s payout ratio is 27.46%.

Institutional Trading of Mercantile Bank

A number of large investors have recently modified their holdings of MBWM. Discipline Wealth Solutions LLC purchased a new stake in shares of Mercantile Bank in the 1st quarter worth $1,001,000. North Star Asset Management Inc. boosted its holdings in shares of Mercantile Bank by 5.4% in the 4th quarter. North Star Asset Management Inc. now owns 374,544 shares of the financial services provider’s stock valued at $18,016,000 after buying an additional 19,204 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new stake in Mercantile Bank in the fourth quarter valued at approximately $2,452,000. Modern Wealth Management LLC purchased a new position in Mercantile Bank in the first quarter worth $439,000. Finally, Vanguard Group Inc. grew its holdings in Mercantile Bank by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 1,066,368 shares of the financial services provider’s stock worth $51,292,000 after purchasing an additional 27,403 shares during the last quarter. Hedge funds and other institutional investors own 58.63% of the company’s stock.

About Mercantile Bank

(Get Free Report)

Mercantile Bank Corporation (NASDAQ: MBWM) is the bank holding company for Mercantile Bank of Michigan, a full-service commercial bank headquartered in Grand Rapids, Michigan. Through its state-chartered subsidiary, the company provides a broad range of financial products and services to small and mid-sized businesses, professionals and consumers across West and Central Michigan.

The bank’s core offerings include deposit products such as checking, savings and money market accounts, alongside commercial and consumer loan portfolios.