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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/19/2024 |
$34.46 |
$36.17 |
$34.46 |
$36.07 |
201.70K | | 04/22/2024 |
$36.38 |
$36.86 |
$36.03 |
$36.46 |
81.30K | | 04/23/2024 |
$36.47 |
$37.14 |
$36.24 |
$36.95 |
62.30K | | 04/24/2024 |
$36.61 |
$36.96 |
$36.29 |
$36.89 |
50.30K | | 04/25/2024 |
$36.48 |
$36.69 |
$36.05 |
$36.49 |
62.50K |
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| Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards. | |
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Mercantile Bank (MBWM) has the following price history information. Looking back at MBWM historical stock prices for the last five trading days, on April 19, 2024, MBWM opened at $34.46, traded as high as $36.17 and as low as $34.46, and closed at $36.07. Trading volume was a total of 201.70K shares. On April 22, 2024, MBWM opened at $36.38, traded as high as $36.86 and as low as $36.03, and closed at $36.46. Trading volume was a total of 81.30K shares. On April 23, 2024, MBWM opened at $36.47, traded as high as $37.14 and as low as $36.24, and closed at $36.95. Trading volume was a total of 62.30K shares. On April 24, 2024, MBWM opened at $36.61, traded as high as $36.96 and as low as $36.29, and closed at $36.89. Trading volume was a total of 50.30K shares. On April 25, 2024, MBWM opened at $36.48, traded as high as $36.69 and as low as $36.05, and closed at $36.49. Trading volume was a total of 62.50K shares.
MBWM Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mercantile Bank shares, starting with a $10,000 purchase of MBWM, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/25/2024 |
|
| Start price/share: |
$19.44 |
|
| End price/share: |
$36.49 |
|
| Starting shares: |
514.40 |
|
| Ending shares: |
810.66 |
|
| Dividends reinvested/share: |
$12.83 |
|
| Total return: |
195.81% |
|
| Average Annual Total Return: |
11.46% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$29,584.30 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/29/2014 |
|
| End date: |
04/25/2024 |
|
| Start price/share: |
$19.44 |
|
| End price/share: |
$36.49 |
|
| Dividends collected/share: |
$12.83 |
|
| Total return: |
153.70% |
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| Average Annual Total Return: |
9.76% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$25,370.57 |
|
| Years: |
10.00 |
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|
| Date |
Close |
| 04/19/2024 | $36.07 | | 04/22/2024 | $36.46 | | 04/23/2024 | $36.95 | | 04/24/2024 | $36.89 | | 04/25/2024 | $36.49 |
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