ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Mercantile Bank Corp. ?
1
High Profitability with a Net Interest Margin of 7.50%
2
With a growth in Interest of NAN%, the company declared Very Positive results in Jun 26
- DIVIDEND PER SHARE(HY) Highest at USD 0
- GROSS NPA (%)(Q) Lowest at 0.12%
- NII(Q) Highest at USD 57.26 MM
3
With ROA of 0.92%, it has a very attractive valuation with a 1.18 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 29.04%, its profits have risen by 13.5% ; the PEG ratio of the company is 0.7
4
High Institutional Holdings at 79.01%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
- Their stake has increased by 10.59% over the previous quarter.
5
Market Beating performance in long term as well as near term
- Along with generating 29.04% returns in the last 1 year, the stock has outperformed S&P 500 in the last 3 years, 1 year and 3 months
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Mercantile Bank Corp. should be less than 10%
- Overall Portfolio exposure to Regional Banks should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Regional Banks)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Mercantile Bank Corp. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Mercantile Bank Corp.
29.04%
2.64
25.20%
S&P 500
15.36%
1.17
13.09%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
17.36%
EBIT Growth (5y)
10.50%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
27.44%
Pledged Shares
0
Institutional Holding
68.42%
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
1.18
EV to EBIT
10.75
EV to EBITDA
10.15
EV to Capital Employed
1.14
EV to Sales
3.24
PEG Ratio
0.74
Dividend Yield
NA
ROCE (Latest)
10.55%
ROE (Latest)
12.46%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend13What is working for the Company
DIVIDEND PER SHARE(HY)
Highest at USD 0
GROSS NPA (%)
(Q
NII(Q)
Highest at USD 57.26 MM
NET SALES(Q)
Highest at USD 86.7 MM
OPERATING PROFIT(Q)
Highest at USD 31.27 MM
OPERATING PROFIT MARGIN(Q)
Highest at 36.07 %
PRE-TAX PROFIT(Q)
Highest at USD 31.28 MM
NET PROFIT(Q)
Highest at USD 26.01 MM
EPS(Q)
Highest at USD 1.5
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Mercantile Bank Corp.
Non Performing Loans (%)
Lowest at 0.12%
in the last four Semi-Annual periodsMOJO Watch
Proportion of stressed loans given by the bank are falling
Non Performing Loans (%)
NII
Highest at USD 57.26 MM
in the last five periodsMOJO Watch
The bank's income from core business is increasing
NII (USD MM)
Dividend per share
Highest at USD 0 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Net Sales
Highest at USD 86.7 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 31.27 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Operating Profit Margin
Highest at 36.07 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at USD 31.28 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (USD MM)
Net Profit
Highest at USD 26.01 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
EPS
Highest at USD 1.5
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
CASA
Highest at 12.25%
in the last five periodsMOJO Watch
The Bank's capital base vs its risk assets is improving. However, the bank may not be taking adequate risk in its lending book.
CAR (%)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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