Robert Worthington - Mercantile Bank President
| MBWM Stock | USD 36.19 0.30 0.82% |
President
Mr. Robert T. Worthington is the Chief Operating Officer, Senior Vice President, General Counsel, Secretary of Mercantile Bank Corporationration Mr. Worthington was appointed Chief Operating Officer and Secretary of Mercantile on January 1, 2017, and continues to serve as Chief Operating Officer, Senior Vice President, General Counsel and Secretary of Mercantile and the Bank. Mr. Worthington joined the Bank in 2009 as Senior Vice President and Risk Management Director and was appointed General Counsel of the Bank in 2011. In 2016, Mr. Worthington was appointed Chief Operating Officer of the Bank and became Senior Vice President and General Counsel of Mercantile. Prior to joining the Bank, he was a corporate attorney, internal auditor, certified public accountant, and bank teller since 2017.
| Age | 49 |
| Tenure | 7 years |
| Address | 310 Leonard Street NW, Grand Rapids, MI, United States, 49504 |
| Phone | 616 406 3000 |
| Web | https://www.mercbank.com |
Robert Worthington Latest Insider Activity
Tracking and analyzing the buying and selling activities of Robert Worthington against Mercantile Bank stock is an integral part of due diligence when investing in Mercantile Bank. Robert Worthington insider activity provides valuable insight into whether Mercantile Bank is net buyers or sellers over its current business cycle. Note, Mercantile Bank insiders must abide by specific rules, including filing SEC forms every time they buy or sell Mercantile Bank'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Robert Worthington over two months ago Insider Trading | ||
Robert Worthington over a year ago Payment of 1200 shares by Robert Worthington of Mercantile Bank subject to Rule 16b-3 |
Mercantile Bank Management Efficiency
The company has return on total asset (ROA) of 0.016 % which means that it generated a profit of $0.016 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.165 %, meaning that it created $0.165 on every $100 dollars invested by stockholders. Mercantile Bank's management efficiency ratios could be used to measure how well Mercantile Bank manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of April 2024, Return On Tangible Assets is likely to grow to 0.02. Also, Return On Capital Employed is likely to grow to 0.09. At this time, Mercantile Bank's Asset Turnover is very stable compared to the past year.Similar Executives
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Management Performance
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.016 |
Mercantile Bank Leadership Team
Elected by the shareholders, the Mercantile Bank's board of directors comprises two types of representatives: Mercantile Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mercantile. The board's role is to monitor Mercantile Bank's management team and ensure that shareholders' interests are well served. Mercantile Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mercantile Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Edward Grant, Director | ||
| Charles Christmas, CFO, Executive VP, Treasurer, CFO of Mercantile Bank of Michigan and Executive VP of Mercantile Bank of Michigan | ||
| Samuel Stone, Executive VP of Corporate Fin. Andstrategic Planning and Executive VP of Corporate Fin. Andstrategic Planning of Mercantile Bank of Michigan | ||
| Robert Worthington, COO, Senior Vice President General Counsel, Secretary | ||
| Wiersma Wiersma, Senior Vice President and Human Resource Director of Mercantile and the Bank | ||
| Jeff Kaiser, Senior Department | ||
| Thomas Sullivan, Chairman of the Board; Vice Chairman of the Board of Director | ||
| David Cassard, Independent Director | ||
| Mark Augustyn, Senior Michigan | ||
| Scott Setlock, COO VP | ||
| Edward Clark, Independent Director | ||
| Michelle Eldridge, Independent Director | ||
| Raymond Reitsma, President of the Bank | ||
| Michael Price, Chairman, CEO and President and Chairman of Mercantile Bank of Michigan | ||
| Brett Hoover, Executive Officer | ||
| Jeff Gardner, Director | ||
| Robert Kaminski, COO, Executive VP, Secretary, CEO of Mercantile Bank and President of Mercantile Bank of Michigan, COO Mercantile Bank of Michigan, Secretary of Mercantile Bank of West Michigan |
Mercantile Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mercantile Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.016 | ||||
| Profit Margin | 0.38 % | ||||
| Operating Margin | 0.49 % | ||||
| Current Valuation | 1.16 B | ||||
| Shares Outstanding | 16.12 M | ||||
| Shares Owned By Insiders | 3.30 % | ||||
| Shares Owned By Institutions | 60.70 % | ||||
| Number Of Shares Shorted | 182.49 K | ||||
| Price To Earning | 11.94 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mercantile Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mercantile Bank's short interest history, or implied volatility extrapolated from Mercantile Bank options trading.
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When running Mercantile Bank's price analysis, check to measure Mercantile Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mercantile Bank is operating at the current time. Most of Mercantile Bank's value examination focuses on studying past and present price action to predict the probability of Mercantile Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercantile Bank's price. Additionally, you may evaluate how the addition of Mercantile Bank to your portfolios can decrease your overall portfolio volatility.
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Is Mercantile Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 1.36 | Earnings Share 5.13 | Revenue Per Share 13.722 | Quarterly Revenue Growth 0.04 |
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.