The PE Ratio as of November 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 10.16

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 10.16. This represents a change of 24.56% compared to the average of 8.16 of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical PE Ratio (quarterly & annually)

How has MBWM PE Ratio performed in the past?

The mean historical PE Ratio of Mercantile Bank Corporation over the last ten years is 12.87. The current 10.16 PE Ratio has changed 7.80% with respect to the historical average. Over the past ten years (40 quarters), MBWM's PE Ratio was at its highest in in the December 2016 quarter at 19.06. The PE Ratio was at its lowest in in the June 2023 quarter at 5.43.

Mercantile Bank Corporation (MBWM) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Mercantile Bank Corporation (MBWM) Average PE Ratio

How has MBWM PE Ratio performed in the past?

The current PE Ratio of Mercantile Bank Corporation (MBWM) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

Mercantile Bank Corporation (MBWM) PE Ratio vs. Peers

How is MBWM’s PE Ratio compared to its peers?

Mercantile Bank Corporation’s PE Ratio is less than Macatawa Bank Corporation (12.42), less than Great Southern Bancorp, Inc. (12.47), less than The First Bancorp, Inc. (12.25), greater than MidWestOne Financial Group, Inc. (-7.19), less than Lakeland Financial Corporation (19.57),

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