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    Mercantile Bank Corporation

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    $MBWM
    Major Banks
    Finance

    Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 27 automated teller machines and 13 video banking machines. The company operates 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

    IPO Year: 1998

    Exchange: NASDAQ

    Website: mercbank.com

    Peers

    $MCBC
    $PMBC

    Recent Analyst Ratings for Mercantile Bank Corporation

    DatePrice TargetRatingAnalyst
    1/22/2025$54.00Market Perform → Outperform
    Hovde Group
    5/8/2024Buy → Neutral
    Janney
    3/4/2024Outperform → Market Perform
    Hovde Group
    1/16/2024Neutral → Buy
    Janney
    3/7/2023$38.00 → $40.00Neutral → Overweight
    Piper Sandler
    1/18/2023Outperform → Mkt Perform
    Raymond James
    10/6/2022$44.00 → $35.00Strong Buy → Outperform
    Raymond James
    7/28/2022$41.00Market Perform → Outperform
    Hovde Group
    3/2/2022$44.00Outperform → Strong Buy
    Raymond James
    1/19/2022$44.00Market Perform → Outperform
    Raymond James
    See more ratings