$0.56 EPS Expected for Mercantile Bank (MBWM); Profile of 5 Analysts Covering Ritchie Bros. Auctioneers (RBA)

March 30, 2018 - By Marguerite Chambers

Mercantile Bank Corporation (NASDAQ:MBWM) Logo

Among 15 analysts covering Ritchie Bros. Auctioneers Incorporated (NYSE:RBA), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Ritchie Bros. Auctioneers Incorporated had 39 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of RBA in report on Tuesday, August 8 with “Buy” rating. The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has “Mkt Perform” rating given on Tuesday, December 27 by Raymond James. Jefferies maintained Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) rating on Monday, September 18. Jefferies has “Hold” rating and $29.0 target. The stock has “Sell” rating by TD Securities on Monday, November 13. The stock has “Outperform” rating by National Bank Canada on Monday, November 20. OTR Global downgraded Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) on Monday, October 12 to “Negative” rating. The rating was upgraded by Canaccord Genuity on Wednesday, August 12 to “Hold”. The rating was maintained by Scotia Capital with “Buy” on Tuesday, January 9. The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has “Hold” rating given on Thursday, July 13 by Jefferies. The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) earned “Hold” rating by Oppenheimer on Tuesday, August 8. See Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) latest ratings:

06/03/2018 Broker: Barrington Rating: Hold
28/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $38.0 Maintain
01/02/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $21.5 New Target: $30 Maintain
18/01/2018 Broker: Jefferies Rating: Hold New Target: $30.0 Maintain
09/01/2018 Broker: Scotia Capital Rating: Buy New Target: $35.0 Maintain
20/11/2017 Broker: National Bank Canada Old Rating: Sector Perform New Rating: Outperform Upgrade
16/11/2017 Broker: Bank of America Rating: Underperform Old Target: $22.5 New Target: $21.5 Maintain
13/11/2017 Broker: TD Securities Rating: Sell New Target: $22.0 Maintain
09/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
10/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $30.0 Maintain

Analysts expect Mercantile Bank Corporation (NASDAQ:MBWM) to report $0.56 EPS on April, 17.They anticipate $0.10 EPS change or 21.74% from last quarter’s $0.46 EPS. MBWM’s profit would be $9.29 million giving it 14.84 P/E if the $0.56 EPS is correct. After having $0.48 EPS previously, Mercantile Bank Corporation’s analysts see 16.67% EPS growth. The stock decreased 2.49% or $0.85 during the last trading session, reaching $33.25. About 142,232 shares traded or 308.16% up from the average. Mercantile Bank Corporation (NASDAQ:MBWM) has declined 1.90% since March 30, 2017 and is downtrending. It has underperformed by 13.45% the S&P500.

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 $551.78 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 17.52 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.

Since October 20, 2017, it had 0 buys, and 3 insider sales for $851,645 activity. Shares for $237,574 were sold by SULLIVAN THOMAS R on Thursday, March 1.

Investors sentiment increased to 1.35 in Q4 2017. Its up 0.29, from 1.06 in 2017Q3. It increased, as 5 investors sold Mercantile Bank Corporation shares while 26 reduced holdings. 8 funds opened positions while 34 raised stakes. 8.62 million shares or 1.64% more from 8.49 million shares in 2017Q3 were reported. The Nebraska-based First Bank Of Omaha has invested 0.06% in Mercantile Bank Corporation (NASDAQ:MBWM). Ftb holds 666 shares. Invesco Limited holds 22,539 shares or 0% of its portfolio. State Bank Of America De accumulated 43,396 shares or 0% of the stock. Tiaa Cref Inv Management Llc accumulated 40,229 shares. Barclays Public Ltd Co, United Kingdom-based fund reported 2,573 shares. Thomson Horstmann & Bryant has invested 0.42% in Mercantile Bank Corporation (NASDAQ:MBWM). Parametric Portfolio Assoc Ltd Liability Corp invested in 15,275 shares or 0% of the stock. Tower Research Cap Ltd (Trc) invested in 0% or 781 shares. Millennium Mngmt Ltd Liability reported 0% stake. 10,438 were accumulated by Plante Moran Financial Advsr Ltd Com. North Star Asset Mgmt Inc, Wisconsin-based fund reported 282,340 shares. Vanguard Group Incorporated has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Moreover, California Employees Retirement System has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Essex Management Co Limited Liability Co reported 0.05% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM).

Among 6 analysts covering Mercantile Bank (NASDAQ:MBWM), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Mercantile Bank had 19 analyst reports since July 22, 2015 according to SRatingsIntel. Hovde Group initiated the shares of MBWM in report on Monday, November 21 with “Market Perform” rating. The company was maintained on Wednesday, January 3 by Sandler O’Neill. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Mkt Perform” rating given on Tuesday, August 25 by Raymond James. The company was upgraded on Thursday, March 1 by Keefe Bruyette & Woods. Sandler O’Neill maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating on Tuesday, March 27. Sandler O’Neill has “Hold” rating and $3700 target. Keefe Bruyette & Woods downgraded Mercantile Bank Corporation (NASDAQ:MBWM) on Tuesday, November 29 to “Mkt Perform” rating. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating on Tuesday, October 17. Keefe Bruyette & Woods has “Hold” rating and $35.0 target. As per Thursday, September 28, the company rating was downgraded by DA Davidson. As per Friday, May 26, the company rating was maintained by Keefe Bruyette & Woods.

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Positions Chart

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