|Company name||Mercantile Bank Corp.|
|Live stock price||[stckqut]MBWM[/stckqut]|
|P/E compared to competitors||Fair|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$20.17|
|Target stock price (averages with growth)||$22.85|
|Target stock price (averages with no growth)||$19.06|
|Target stock price (manual assumptions)||$19.89|
The following company description is from Google Finance: http://www.google.com/finance?q=mbwm
Mercantile Bank Corporation is a bank holding company. The Company owns Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The bank, through its seven offices, provides commercial banking services primarily to small-to medium-sized businesses and retail banking services in and around the Grand Rapids, Holland and Lansing areas. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank owns seven automated teller machines (ATM). It also enables customers to conduct certain loan and deposit transactions by telephone and personal computer. Courier service is provided to certain commercial customers, and safe deposit facilities are available at each of its office locations. Effective June 1, 2014, Mercantile Bank Corporation and Firstbank Corp completed their merger and the combined company to operate as Mercantile Bank Corporation.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Mercantile Bank Corp. as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Mercantile Bank Corp. calculated?
For owners of my book, "The Confident Investor" I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.