EPS for Mercantile Bank Corporation (MBWM) Expected At $0.61

September 15, 2018 - By Robert Crowder

Mercantile Bank Corporation (NASDAQ:MBWM) LogoInvestors sentiment increased to 1.55 in Q2 2018. Its up 0.20, from 1.35 in 2018Q1. It improved, as 8 investors sold Mercantile Bank Corporation shares while 23 reduced holdings. 15 funds opened positions while 33 raised stakes. 8.86 million shares or 2.09% more from 8.68 million shares in 2018Q1 were reported.
Wellington Grp Incorporated Ltd Liability Partnership has invested 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). California Pub Employees Retirement Sys has 47,006 shares. Dubuque Bancorporation & Com invested 0.03% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). North Star Asset Mngmt holds 0.83% in Mercantile Bank Corporation (NASDAQ:MBWM) or 262,814 shares. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 47,339 shares. Lsv Asset Management has invested 0.01% in Mercantile Bank Corporation (NASDAQ:MBWM). California State Teachers Retirement accumulated 24,841 shares. Us Fincl Bank De accumulated 2,971 shares. Hillsdale Invest Mgmt accumulated 38,977 shares. Manufacturers Life Insur The stated it has 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Voya Inv Management Lc invested in 0% or 7,124 shares. D E Shaw owns 5,920 shares. Tributary Cap Management Ltd Liability Com reported 0.77% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Bancorp Of Montreal Can reported 10,115 shares. Goldman Sachs accumulated 76,189 shares.

Analysts expect Mercantile Bank Corporation (NASDAQ:MBWM) to report $0.61 EPS on October, 16.They anticipate $0.10 EPS change or 19.61 % from last quarter’s $0.51 EPS. MBWM’s profit would be $10.13M giving it 14.31 P/E if the $0.61 EPS is correct. After having $0.57 EPS previously, Mercantile Bank Corporation’s analysts see 7.02 % EPS growth. The stock increased 0.75% or $0.26 during the last trading session, reaching $34.91. About 22,595 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 11.88% since September 15, 2017 and is uptrending. It has underperformed by 3.74% the S&P500.

Mercantile Bank Corporation (NASDAQ:MBWM) Ratings Coverage

Among 3 analysts covering Mercantile Bank Corp (NASDAQ:MBWM), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Mercantile Bank Corp had 3 analyst reports since March 27, 2018 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, March 27. The company was maintained on Tuesday, April 17 by Hovde Group. The firm has “Outperform” rating by Wood given on Wednesday, July 18.

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 $579.87 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 15.79 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.

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Positions Chart

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