The Online Investor
Stock Buybacks
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
MBWM Buyback image

Mercantile Bank Corporation Buyback

OLI recorded this information on 5/27/2021

Company: Mercantile Bank Corporation
Buyback: MBWM buyback
$Amount Authorized: $20,000,000
Buyback Details: Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that its Board of Directors has authorized the renewal of its stock repurchase program. Under this program, Mercantile may repurchase up to $20 million in aggregate value of its shares of Common Stock.

Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards.

MBWM SEC Filing Email Alerts Service

Open the MBWM Page at The Online Investor »

Company Name:  Mercantile Bank Corp.
Stock buyback:  MBWM buyback
Sector:  Banking & Savings
Number of ETFs Holding MBWM:  26
Total Market Value Held by ETFs:  $47.72M
Total Market Capitalization:  $482.00M
% of Market Cap. Held by ETFs:  9.90%

Open the MBWM Page at The Online Investor (in a new window) »

May 23, 2022    6:51 PM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree MBWM Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.67 out of 4)
2nd percentile
(ranked lower than approx. 98% of all stocks covered)

Analysts' Target Price:
MBWM Stock Forecast

Based on Zacks ABR data;
powered by Xignite

MBWM Buyback | | Copyright © 1998 - 2022, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.