Mercantile Bank (US:MBWM) ZACKSยท2025-08-11 16:46Company Overview - Mercantile Bank (MBWM) is headquartered in Grand Rapids and has experienced a price change of 0.09% this year [3] - The company currently pays a dividend of $0.37 per share, resulting in a dividend yield of 3.32%, which is higher than the Banks - Midwest industry's yield of 3.19% and the S&P 500's yield of 1.53% [3] Dividend Performance - The annualized dividend of Mercantile Bank is $1.48, reflecting a 4.2% increase from the previous year [4] - Over the past 5 years, the company has increased its dividend 5 times, achieving an average annual increase of 6.33% [4] - The current payout ratio is 29%, indicating that the company pays out 29% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Mercantile Bank's earnings in 2025 is $5.23 per share, with an expected increase of 6.09% from the previous year [5] - The company is viewed as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 1 (Strong Buy) [6]