Mercantile Bank Corp. (MBWM) is Trading Lower on Unusual Volume for December 21

Equities Staff |

Mercantile Bank Corp. (MBWM) experienced unusually high volume on Dec. 21, as the stock lost 2.74% to a closing price of $24.86. The stock saw 92,149 shares trade hands over the course of the day on 346 trades. Given that the stock’s average daily volume over the last month has been 36,907 shares a day, this represents a pretty substantial spike over the norm.

Mercantile Bank Corp. has a P/B ratio of 1.23. It also has a P/E ratio of 15.3. The stock has traded between $26.27 and $18.42 over the last 52-weeks, its 50-day SMA is now $23.53, and its 200-day SMA $20.87.

Mercantile Bank Corp is a registered bank holding company. The Company, through its subsidiaries, provides banking, insurance and real estate services.

Headquartered in Grand Rapids, MI, Mercantile Bank Corp. has 642 employees and is currently under the leadership of CEO Michael H. Price / Robert B. Kaminski.

For a complete fundamental analysis analysis of Mercantile Bank Corp., check out’s Stock Valuation Analysis report for MBWM. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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