$0.57 EPS Expected for Mercantile Bank Corporation (MBWM) on July, 17

June 27, 2018 - By Charla Downs

Mercantile Bank Corporation (NASDAQ:MBWM) Corporate Logo
Big Money Sentiment is 1.35 in Q1 2018. It has change of 2017Q4’s as. The ratio has no change due to Mercantile Bank Corporation positioning: 8 sold and 29 reduced. only 19 funds acquired stakes and 31 increased stakes. Investors holded 8.62 million in 2017Q4 but now own 8.68 million shares or 0.69% more.
Legal And General Gp Public Ltd Co stated it has 0% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Bankshares Of New York Mellon Corp holds 112,807 shs. Millennium Ltd Liability Com stated it has 0.01% in Mercantile Bank Corporation (NASDAQ:MBWM). Menta Cap Limited Liability Corp owns 26,157 shs for 0.18% of their capital. Schwab Charles Invest Mngmt reported 73,348 shs. Balyasny Asset Mgmt Ltd Liability Corp has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 6,573 shs. Aqr Capital Mgmt Ltd Liability Corporation stated it has 20,592 shs. Gru accumulated 10,302 shs. 3,405 were accumulated by Bnp Paribas Arbitrage. First Natl Bank Of Omaha reported 26,520 shs. Jpmorgan Chase has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Moreover, Metropolitan Life Insurance New York has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Mackay Shields Limited Liability Com invested 0% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Moreover, Tiaa Cref Invest Management Lc has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Huntington Bank & Trust reported 33,368 shs.

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

On July, 17 WallStreet anticipated Mercantile Bank Corporation (NASDAQ:MBWM)’s earnings report, as reported by Faxor. Analysts expect change of 26.67 % or $0.12 from previous year’s $0.45 EPS compared to current’s $0.57 EPS. If MBWM’s EPS is $0.57 the profit will be $9.46 million for 16.48 P/E. -13.64 % negative EPS growth is what Wall Street’s sees after $0.66 reported EPS previous quarter. Ticker’s shares touched $37.57 during the last trading session after 0.61% change.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”. 50% are bullish. 6 are the (NASDAQ:MBWM)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Thursday, March 1 the rating was upgraded by Keefe Bruyette & Woods to “Buy”. On Tuesday, March 27 the firm earned “Hold” rating by Sandler O’Neill. On Wednesday, January 17 Hovde Group maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating. Hovde Group has “Hold” rating and $38.5 target. On Thursday, March 1 the rating was upgraded by Wood to “Outperform”. On Tuesday, April 17 the rating was maintained by Hovde Group with “Hold”. On Wednesday, January 3 the firm has “Hold” rating given 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.17.97 is the P/E ratio. 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 a substantial Mercantile Bank Corporation (NASDAQ:MBWM) news posted 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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