Mercantile Bank Corporation (MBWM) is a Banks - Regional company in the Financial Services sector, currently trading at $53.53. It has a SharesGrow Score of 69/100, indicating a above average investment profile with 5 out of 7 criteria passed.
SharesGrow calculates the intrinsic value of MBWM = $110.70 (+106.8% from the current price, the stock appears undervalued). Analyst consensus target is MBWM = $57 (+6.5% upside).
Valuation: MBWM trades at a trailing Price-to-Earnings (P/E) of 9.7 (S&P 500 average ~25) with a forward Price/Earnings-to-Growth (PEG) of 1.25.
Financials: revenue is $372M, +21.3%/yr average growth. Net income is $89M, growing at +14.3%/yr. Net profit margin is 23.9% (strong). Gross margin is 64% (-21.9 pp trend).
Balance sheet: total debt is $826M against $725M equity (Debt-to-Equity (D/E) ratio 1.14, moderate). Current ratio is 0.29 (tight liquidity). Debt-to-assets is 12.1%. Total assets: $6.8B.
Analyst outlook: 5 / 7 analysts rate MBWM as buy (71%) — strong consensus.
SharesGrow 7-Criteria breakdown: Value 69/100 (Pass), Growth 90/100 (Pass), Past 100/100 (Pass), Health 17/100 (Fail), Moat 49/100 (Partial), Future 73/100 (Pass), Income 85/100 (Pass).
