Mercantile Bank traded at $58.50 this Friday July 24th, increasing $1.32 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, Mercantile Bank gained 3.96 percent. Over the last 12 months, its price rose by 22.62 percent. Looking ahead, we forecast Mercantile Bank to be priced at 57.27 by the end of this quarter and at 53.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan and other subsidiaries. The Company's bank is a state banking company. Its bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Company's bank enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The Company's bank also provides courier service to certain commercial customers, and safe deposit facilities are available at its office locations. The Mercantile Insurance Center, Inc., is its insurance company, which provides insurance products, such as private passenger automobile, homeowners, personal inland marine, and such products. The Mercantile Bank Real Estate Co., L.L.C. is its real estate company.