10,098 Shares in Mercantile Bank Corporation $MBWM Purchased by Susquehanna Fundamental Investments LLC

Posted by Brenda Bartman on Sep 3rd, 2026

Susquehanna Fundamental Investments LLC purchased a new position in Mercantile Bank Corporation (NASDAQ:MBWM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,098 shares of the financial services provider’s stock, valued at approximately $580,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Mercantile Bank at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MBWM. MML Investors Services LLC boosted its holdings in Mercantile Bank by 4.2% in the 4th quarter. MML Investors Services LLC now owns 4,658 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Mercantile Bank by 0.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,548 shares of the financial services provider’s stock worth $1,133,000 after buying an additional 208 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Mercantile Bank by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 10,329 shares of the financial services provider’s stock worth $497,000 after buying an additional 246 shares in the last quarter. DGS Capital Management LLC boosted its stake in Mercantile Bank by 6.8% during the first quarter. DGS Capital Management LLC now owns 4,676 shares of the financial services provider’s stock valued at $236,000 after buying an additional 299 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Mercantile Bank by 3.8% during the fourth quarter. Russell Investments Group Ltd. now owns 8,149 shares of the financial services provider’s stock valued at $392,000 after buying an additional 300 shares during the period. 58.63% of the stock is currently owned by institutional investors.

Mercantile Bank Stock Performance

Mercantile Bank stock opened at $61.00 on Thursday. The firm has a fifty day simple moving average of $59.20 and a two-hundred day simple moving average of $54.58. Mercantile Bank Corporation has a twelve month low of $42.75 and a twelve month high of $62.39. The company has a market capitalization of $1.05 billion, a PE ratio of 10.74 and a beta of 0.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59.

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

Mercantile Bank Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MBWM shares. Hovde Group downgraded Mercantile Bank from an “outperform” rating to a “market perform” rating and set a $62.00 price target for the company. in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Mercantile Bank from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Piper Sandler set a $65.00 target price on shares of Mercantile Bank in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Mercantile Bank in a research note on Friday, June 12th. Finally, Raymond James Financial began coverage on shares of Mercantile Bank in a report on Tuesday. They issued an “outperform” rating and a $65.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Read Our Latest Stock Analysis on Mercantile Bank

Mercantile Bank Company Profile

(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.