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$3.35 -0.09 (-2.62%)
2/9/2010 4:00 PM

Mercantile Bank Corp. (MBWM)

CAPS Rating:
No stars

A bank holding company, the bank provides commercial and retail banking services primarily to small- to medium-sized businesses based in and around the Grand Rapids, Holland, Lansing and Ann Arbor metropolitan areas.

Rating a stock in CAPS consists of three components:

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Ticker Not Ratable

MBWM doesn't currently meet the $100M market cap / $1.50 stock price minimum. (Learn More)

What the Community Thinks

Total Members

14 Outperforms
15 Underperforms
 

All-Stars

5 Outperforms
9 Underperforms
 

Wall Street

2 Outperforms
0 Underperforms
 

Members bullish on MBWM are also bullish on:

Members bearish on MBWM are also bearish on:

Ticker Tags

Commercial Banks (415), Micro Cap (4701), Distressed (1597), Financials (1255), Value (1901), Cyclical (3415)
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Mercantile Bank Corp. At A Glance

Current Price: $3.35
Last Trade Time: 2/9/2010 4:00 PM
Open: $3.50
Previous Close: $3.44
Daily Range: $3.35 - $3.54
52-Week Range: $2.84 - $6.47
Volume: 4,832
Market Cap: $28.78M
P/E Ratio: 49.09
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Stock Trends

MBWM VS S&P 500 (SPY)

News & Discussion Boards

Top Bull Pitch

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CAPS Members

picks per page. CHANGE

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Recs

0

 (MBWM)

Avatar WSMOOT19 (57.16) Submitted: 12/20/07 12:17 AM : Underperform Start Price: $14.04 MBWM Score: 52.64

negative revenue and earnings growth and 264 million in debt

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Recs

0

 (MBWM)

Avatar NetscribeBanking (94.34) Submitted: 2/23/07 4:43 AM : Outperform Start Price: $30.97 MBWM Score: -67.27

Mercantile Bank Corp is a financial holding company providing banking services and has demonstrated its ability to produce superior results even in difficult operating environment. It has been very responsive to the changing economic situation by controlling expense and growing loan balances with low cost deposits. The year 2006 had net interest income increase by 9.7% supported by profitability and strong earnings asset growth.

Its unique strength has been its capacity to garner low cost deposit as a result of several initiatives like the launch of a package designed to meet both the personal and business banking needs of commercial customers. Endorsing the same, 2006 was a big year for health saving accounts openings in association with one of the largest employer and municipal organization. However, the funding gap being filled by wholesale funds like certificate of deposits has slightly hindered the net interest margin growth.

The bank has been prudent in maintaining its asset quality forgoing it business while its competitors were aggressively undercutting for growth. Fee income has increased modestly and is exploring for ways to increase the same spotting cross-selling opportunities to its existing customer base. Moreover plans of launching a internet banking product in the first quarter of 2007 would boost the non- interest income.

The management doesn’t have any plans of global expansion with an aim of concentrating on the existing footprint trying to steal market share from its competitors. Industry is currently facing margins pressures, deteriorating asset quality and inverted yield. However the outlook is expected to change from the second half of 2007 with Federal Reserve expected to cut down the interest rates. The bank seems to be well capitalized with good credit quality metrics and all set to beat the market.

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Recs

0

 (MBWM)

Avatar alaskaeric (75.60) Submitted: 12/05/06 10:42 PM : Underperform Start Price: $33.73 MBWM Score: 70.58

Bank stock will languish in the current environment

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Wall Street

Results 1 - 2 of 2  

picks per page. CHANGE

Top
Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackRBCCapMkts 86.33 10/13/06 Outperform NS $35.21-90.49%-16.40%-74.08
TrackRyanBeck 66.05 10/12/06 Outperform NS $34.85-90.39%-16.04%-74.35

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