SecBot SecBot

MBWM

MERCANTILE BANK CORP
Nasdaq· State Commercial Banks· Inc. MI· CIK 0001042729 Traditional Finance
$60.68 −0.47 (−0.77%)
Oct 27 4:00 PM ET · prev $61.15
Market cap
$1.1B
Small cap
Consensus
Buy
67% Buy or better · 12 analysts
Median target
$65.00
+7% · range $62.00–66.00
1 year
+35.4%
from $44.81 · Oct 28
30 days
+2.2%
from $59.38
52-week range
$43.28–62.14
−2% from high · low Oct 29
Avg volume 20D
125.3K
shares / day
Short interest
561.5K
≈3.3% of shares · −10.4%
Days to cover
5.1
at average volume
Insider net
$0
no open-market trades · 12 mo
New fund stakes
0
Q2 2026 13F · 0 exits
Filing reports
8
analyzed by SecBot
SecBot read MIXED 5 reports · 90 days
Balance 0 bearish · 0 bullish · 5 neutral oldest → newest, height = score
Avg score ·High conf. 5/5
Strongest NEUTRAL Mercantile Bank reported Q3 2026 GAAP diluted EPS of $1.39, a 4.8% decline from $1.46 a year ago, on net…
All reports →

Price

Daily candles with volume. Pins mark insider trades, rating changes, 13F stakes, reports, catalysts and short-interest jumps.

Signal stack

Where each data set points today.

  • InsidersNO TRADES

    No open-market buys or sells in 12 months. Recent filings are awards, exercises and tax withholding.

  • InstitutionsBULLISH

    Q2 2026: 12 added (0 new), 7 trimmed or exited.

  • AnalystsBULLISH

    8 of 12 rate it Buy or better. Every target is above the price.

  • EstimatesFLAT

    Current-quarter EPS estimate $1.373 → $1.383 over 90 days. 0 up, 5 down in 30 days.

  • Short sellersSTEADY

    Short interest −10.4% to 561.5K shares. 5.1 days to cover, ≈3.3% of shares.

  • TrendRANGE

    2% above its 50-day average.

Who's buying

13F· Q2 2026
0
new positions
0
exits
FundMoveSharesValue
CITADEL ADVISORS LLCDOUBLED93,094$5.3M
WELLS FARGO & COMPANY/MNADD40,984$2.4M
Quantinno Capital Management LPADD40,940$2.4M
Nuveen, LLCADD39,563$2.3M
Empowered Funds, LLCTRIM30,969$1.8M
UBS Group AGTRIM26,490$1.5M
BANK OF AMERICA CORP /DE/TRIM24,033$1.4M
DEUTSCHE BANK AG\ADD17,934$1.0M

Quarterly 13F filings are due 45 days after each quarter ends.

The Street

12 analysts
Buy 67% rate it Buy or better
Strong Buy2Buy6Hold4Sell0Strong Sell0
12-month targets · 6 analysts

Price is below the lowest target. Median implies +7%.Targets as of Oct 28, 2026.

Recent actions
DateFirmActionRating
Oct 21, 2026Keefe, Bruyette & Woods
MAINTAIN
MAINTAINOutperform
Jul 22, 2026Keefe, Bruyette & Woods
MAINTAIN
MAINTAINOutperform
Jul 22, 2026Hovde Group
DOWNGRADE
DOWNGRADEMarket Perform
Jun 26, 2026Piper Sandler
MAINTAIN
MAINTAINNeutral

Insider ledger

Form 4
$0
open-market buys or sells · 12 mo
DateInsiderTypeValue
Oct 22, 2026
Sanchez Nelson F
Director
AWARD36 sh
May 22, 2026
MacDonald Richard D
Director
AWARD715 sh
May 22, 2026
Sparks Amy L
Director
AWARD906 sh
May 22, 2026
Williams Shoran R
Director
AWARD715 sh
May 22, 2026
RAMAKER DAVID B
Director
AWARD801 sh
May 22, 2026
Sanchez Nelson F
Director
AWARD715 sh
May 22, 2026
Schmidt Sara A
Director
AWARD715 sh
May 22, 2026
Eldridge Michelle Larabee
Director
AWARD830 sh

Earnings setup

Estimates
$1.38
EPS estimate, this quarter
+1%
estimate change, 90 days
0↑ 5↓
revisions, 30 days
Current-quarter EPS estimate
PeriodEPS est.Range30D rev.Revenue
Current Q$1.38$1.33–$1.45+0.7%$72.8M
Next Q$1.35$1.31–$1.38+1.0%$72.8M
Current FY$5.75$5.66–$5.82+1.2%$282.3M
Next FY$5.88$5.71–$6.00+2.2%$303.2M

Short side

FINRA· Oct 15, 2026
561,517
shares short
-10.4%
vs prior settlement
5.1
days to cover
≈3.3%
of shares outstanding
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 22, 2026 Insider
Sanchez Nelson F was granted 36 shares
Director
Oct 20, 2026 SEC
Mercantile Bank reported Q3 2026 GAAP diluted EPS of $1.39, a 4.8% decline from $1.46 a year ago, on net revenue of…
8-K — Impact 5/10
Oct 20, 2026 SEC
Mercantile Bank reported Q3 2026 GAAP EPS of $1.39, a 1.5% beat vs $1.37 consensus, on net revenue of $73.2M (+17.3%…
PRESS-RELEASE — Impact 5/10
Oct 20, 2026 Earnings
Mercantile Bank Corporation Announces Robust Third Quarter 2026 Results
Net interest income growth, loan portfolio expansion, strong local deposit generation, and continued
Sep 30, 2026 SEC
Mercantile Bank Corporation announced it will host a conference call on October 20, 2026 to discuss its Q3 2026 results.
PRESS-RELEASE — Impact 1/10
Jul 21, 2026 Press
Mercantile Bank Corporation announced a regular quarterly cash dividend of $0.40 per share, representing a 2.6%…
Impact 3/10
Jun 30, 2026 Inst.
CITADEL ADVISORS LLC — DOUBLED
93,094 shares ($5.3M)
Jun 30, 2026 Inst.
WELLS FARGO & COMPANY/MN — ADD
40,984 shares ($2.4M)
Catalysts
Scheduled dates and disclosed events: earnings, FDA and trial readouts, halts, press releases. Colored dot = impact.
Recent
Oct 20, 2026
Earnings
Mercantile Bank Corporation Announces Robust Third Quarter 2026 Results
Net interest income growth, loan portfolio expansion, strong local deposit generation, and continued strength in asset quality metrics and capital…
Oct 20, 2026
Earnings result
MBWM Q3 2026 Earnings: EPS $1.39 (+1.1% vs est)
Sep 30, 2026
Earnings
Mercantile Bank Corporation Announces Third Quarter 2026 Results Conference Call and Webcast
GRAND RAPIDS, Mich., Sept. 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. ET…
Jul 21, 2026
Earnings
Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results
Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the…
Jul 21, 2026
Dividend
Mercantile Bank Corporation Increases Regular Cash Dividend
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.8% percent…

SecBot reports

8 filings · 1 press release · 3 bullish · 0 bearish · 5 neutral
All MBWM filing & press-release reports (9)