As of July, 17 The EPS for Mercantile Bank Corporation (MBWM) Expected At $0.57

June 27, 2018 - By Alex Paulin

Mercantile Bank Corporation (NASDAQ:MBWM) Corporate Logo
During 2018 Q1 the big money sentiment is 1.35. That’s change of 2017Q4’s as. 8 investors sold all, 29 reduced holdings as Mercantile Bank Corporation ratio is flat. 31 rose stakes while only 19 funds took stakes. Funds hold 8.68 million shares thus 0.69% more from 2017Q4’s 8.62 million shares.
Tiaa Cref Inv Ltd reported 43,778 shs. Bowling Port Ltd Liability Company accumulated 6,689 shs. Lsv Asset Mngmt invested 0.01% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Barclays Public Ltd Co holds 3,959 shs. Citadel Advisors Ltd Com accumulated 15,923 shs. Rhumbline Advisers has invested 0% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Trexquant Lp owns 6,129 shs. National Bank & Trust Of America De owns 56,425 shs or 0% of their US capital. Panagora Asset Inc holds 0.01% or 88,222 shs. Moreover, California Employees Retirement Systems has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 52,764 shs. Dubuque Financial Bank Tru reported 0.03% stake. Strs Ohio, a Ohio-based fund reported 21,700 shs. Menta Cap Ltd Liability reported 26,157 shs. Wedge Capital L Lp Nc reported 0.01% stake. Vanguard Gru Inc invested in 703,603 shs.

Mercantile Bank Corporation had 1 insider sale and 0 insider buys since March 1, 2018. This’s net activity of $237,574.

On July, 17 WallStreet expected Mercantile Bank Corporation (NASDAQ:MBWM)’s earnings release, as reported by Faxor. Analysts expect change of 26.67 % or $0.12 from previous year’s $0.45 earnings per share compared to current’s $0.57 earnings per share. In case of $0.57 earnings per share MBWM’s profit could hit $9.46 million. Last quarter $0.66 earnings per share was reported. Analysts forecasts -13.64 % negative EPS growth this quarter. The stock decreased 0.61% or $0.23 during the last trading session, touching $37.57.Mercantile Bank Corporation has volume of 1,419 shares. Since June 27, 2017 MBWM has risen 15.77% and is uptrending. MBWM outperformed by 3.20% the S&P 500.

Mercantile Bank Corporation (NASDAQ:MBWM) Ratings Coverage

In total 4 analysts cover Mercantile Bank Corp (NASDAQ:MBWM). “Buy” rating has 2, “Sell” are 0, while 2 are “Hold”. (NASDAQ:MBWM) has 50% bullish analysts. 6 are the (NASDAQ:MBWM)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, April 17 the firm has “Hold” rating by Hovde Group given. The stock rating was maintained by Hovde Group with “Hold” on Wednesday, January 17. On Tuesday, March 27 the rating was maintained by Sandler O’Neill with “Hold”. In Thursday, March 1 report Wood upgraded the stock to “Outperform” rating. On Thursday, March 1 the stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Buy” rating given by Keefe Bruyette & Woods. On Wednesday, January 3 the stock has “Hold” rating by Sandler O’Neill.

Mercantile Bank Corporation operates as the bank holding firm for Mercantile Bank of Michigan that provides commercial banking services for small- to medium-sized businesses and individuals in the United States.The company has $623.59 million market cap. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements.The P/E ratio is 17.97. The firm also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection for its checking account customers.

There’s an important Mercantile Bank Corporation (NASDAQ:MBWM) news brought out by Globenewswire.com. It’s an item titled: “Report: Developing Opportunities within Mercantile Bank, Kindred Healthcare, Ocular Therapeutix, Roper …” on June 22, 2018.

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Investors Chart

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