Mercantile Bank Corporation (MBWM) EPS Estimated At $0.50

January 8, 2018 - By Winifred Garcia

 Mercantile Bank Corporation (MBWM) EPS Estimated At $0.50
Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.19, from 1.25 in 2017Q2. It turned negative, as 4 investors sold Mercantile Bank Corporation shares while 30 reduced holdings. 10 funds opened positions while 26 raised stakes. 8.49 million shares or 1.21% less from 8.59 million shares in 2017Q2 were reported.
Voya Management Ltd Liability Corporation accumulated 6,013 shares. Dubuque Bancorporation holds 4,643 shares. Wells Fargo Company Mn stated it has 44,598 shares. Sei Co owns 102 shares or 0% of their US portfolio. Menta Cap Ltd Liability Com stated it has 0.19% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Essex Inv Management Company reported 10,563 shares. 919,589 were accumulated by Dimensional Fund Advisors L P. Banc Funds Company invested 2.27% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). 295,376 were accumulated by Tributary Mgmt Limited Liability Co. Goldman Sachs Gp invested in 0% or 18,170 shares. Bancorp Of Montreal Can holds 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 10,000 shares. Invesco Ltd stated it has 22,435 shares or 0% of all its holdings. Geode Mngmt Lc holds 0% or 135,201 shares. Envestnet Asset Incorporated invested in 7,813 shares or 0% of the stock. Deutsche Comml Bank Ag has invested 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM).

Since October 20, 2017, it had 0 insider purchases, and 2 sales for $614,071 activity.

Analysts expect Mercantile Bank Corporation (NASDAQ:MBWM) to report $0.50 EPS on January, 16.They anticipate $0.01 EPS change or 2.04 % from last quarter’s $0.49 EPS. MBWM’s profit would be $8.25M giving it 17.55 P/E if the $0.50 EPS is correct. After having $0.51 EPS previously, Mercantile Bank Corporation’s analysts see -1.96 % EPS growth. The stock decreased 0.45% or $0.16 during the last trading session, reaching $35.1. About 43,903 shares traded or 32.84% up from the average. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 34.10% since January 8, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

Mercantile Bank Corporation (NASDAQ:MBWM) Ratings Coverage

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank has $39.0 highest and $25 lowest target. $36.25’s average target is 3.28% above currents $35.1 stock price. Mercantile Bank had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The company was upgraded on Monday, September 11 by DA Davidson. On Monday, November 21 the stock rating was initiated by Hovde Group with “Market Perform”. The firm earned “Hold” rating on Wednesday, July 22 by Sandler O’Neill. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, November 29 to “Mkt Perform”. The firm earned “Mkt Perform” rating on Wednesday, January 18 by Raymond James. Keefe Bruyette & Woods maintained the shares of MBWM in report on Friday, May 26 with “Hold” rating. The rating was upgraded by Raymond James on Tuesday, August 25 to “Mkt Perform”. Keefe Bruyette & Woods maintained Mercantile Bank Corporation (NASDAQ:MBWM) on Tuesday, October 17 with “Hold” rating.

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 market cap of $578.86 million. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. It has a 18.39 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.

More recent Mercantile Bank Corporation (NASDAQ:MBWM) news were published by: Globenewswire.com which released: “Pacific Mercantile Bancorp Reports Second Quarter 2017 Operating Results” on July 24, 2017. Also Globenewswire.com published the news titled: “Pacific Mercantile Bank Provides New Credit Facility to ARGOS Material …” on November 15, 2017. Globenewswire.com‘s news article titled: “Pacific Mercantile Bank Provides $3.5 Million in Financing to Santier” with publication date: September 29, 2017 was also an interesting one.

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