Hsbc Holdings PLC Buys 11,381 Shares of Mercantile Bank Corporation $MBWM

Posted by George Bondi on Jul 15th, 2026

Hsbc Holdings PLC boosted its stake in shares of Mercantile Bank Corporation (NASDAQ:MBWM – Free Report) by 173.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,959 shares of the financial services provider’s stock after buying an additional 11,381 shares during the quarter. Hsbc Holdings PLC’s holdings in Mercantile Bank were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MBWM. Kestra Advisory Services LLC bought a new position in shares of Mercantile Bank during the fourth quarter worth about $26,000. Quadrant Capital Group LLC boosted its holdings in Mercantile Bank by 63.8% in the fourth quarter. Quadrant Capital Group LLC now owns 891 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 347 shares during the last quarter. Aquatic Capital Management LLC increased its position in Mercantile Bank by 94.9% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,235 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,575 shares during the period. Quantbot Technologies LP increased its position in Mercantile Bank by 251.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,370 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 3,128 shares during the period. Finally, DGS Capital Management LLC bought a new position in Mercantile Bank during the 4th quarter worth approximately $211,000. Institutional investors own 58.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mercantile Bank in a research report on Friday, June 12th. Stephens assumed coverage on shares of Mercantile Bank in a research report on Wednesday, March 25th. They set an “equal weight” rating and a $54.00 price objective for the company. Wall Street Zen raised shares of Mercantile Bank to a “hold” rating in a research note on Saturday, March 28th. Finally, Piper Sandler boosted their target price on shares of Mercantile Bank from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.80.

View Our Latest Research Report on MBWM

Mercantile Bank Trading Down 0.6%

NASDAQ MBWM opened at $57.05 on Wednesday. The company has a market cap of $985.25 million, a price-to-earnings ratio of 10.24 and a beta of 0.80. Mercantile Bank Corporation has a 52 week low of $42.75 and a 52 week high of $59.71. The business has a 50 day moving average price of $54.00 and a 200-day moving average price of $52.29. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.62.

Mercantile Bank (NASDAQ:MBWM – Get Free Report) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.13. Mercantile Bank had a return on equity of 13.73% and a net margin of 24.19%.The company had revenue of $67.59 million for the quarter, compared to analyst estimates of $67.41 million. As a group, equities analysts expect that Mercantile Bank Corporation will post 5.63 earnings per share for the current fiscal year.

Mercantile Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, June 5th. Mercantile Bank’s payout ratio is 28.01%.

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.