Mercantile Bancorp Inc. is an AMEX listed security that has been trading in a range between $21.50 and $22.85 over the past year. With 5,831,740 shares outstanding, a recent price of $22.75 gives a total market capitalization of $132,672,085. While there are certainly larger companies, Mercantile Bancorp Inc. has definitely earned its place in the pack. Last year, Mercantile Bancorp Inc. created $1.75 in earnings for every share outstanding.
Mercantile Bancorp Inc. is currently priced by the market at 13.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Mercantile Bancorp Inc. could be an interesting value proposition.
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