Mercantile Bank Corporation (MBWM) EPS Estimated At $0.57

June 14, 2018 - By Robert Crowder

Mercantile Bank Corporation (NASDAQ:MBWM) LogoInvestors sentiment is 1.35 in 2018 Q1. Its the same as in 2017Q4. It is the same, as 8 investors sold Mercantile Bank Corporation shares while 29 reduced holdings. only 19 funds opened positions while 31 raised stakes. 8.68 million shares or 0.69% more from 8.62 million shares in 2017Q4 were reported.
Banc Funds Communication Limited has invested 2.48% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Ameritas Inv Prtn reported 1,239 shares stake. American Gru Inc Inc stated it has 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Dynamic Advisor Solutions Llc holds 0.12% or 14,500 shares in its portfolio. Goldman Sachs Grp Inc stated it has 33,337 shares or 0% of all its holdings. The Massachusetts-based Wellington Llp has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). 273,890 were reported by North Star Asset. Vanguard Incorporated invested in 0% or 703,603 shares. Meeder Asset Incorporated has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Menta Capital Ltd Liability Com holds 26,157 shares. Jpmorgan Chase reported 31,344 shares. Trexquant Investment L P holds 0.01% or 6,129 shares in its portfolio. Bank Of America Corporation De holds 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 56,425 shares. Emerald Mutual Fund Advisers Trust reported 0.11% stake. Colorado-based Tributary Capital Limited Liability Corp has invested 0.86% in Mercantile Bank Corporation (NASDAQ:MBWM).

Since March 1, 2018, it had 0 buys, and 1 insider sale for $237,574 activity.

Analysts expect Mercantile Bank Corporation (NASDAQ:MBWM) to report $0.57 EPS on July, 17.They anticipate $0.12 EPS change or 26.67 % from last quarter’s $0.45 EPS. MBWM’s profit would be $9.46M giving it 16.08 P/E if the $0.57 EPS is correct. After having $0.66 EPS previously, Mercantile Bank Corporation’s analysts see -13.64 % EPS growth. The stock increased 0.36% or $0.13 during the last trading session, reaching $36.66. About 25,499 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 15.77% since June 14, 2017 and is uptrending. It has outperformed by 3.20% the S&P500.

Mercantile Bank Corporation (NASDAQ:MBWM) Ratings Coverage

Among 4 analysts covering Mercantile Bank Corp (NASDAQ:MBWM), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Mercantile Bank Corp had 7 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Hold” rating given on Tuesday, April 17 by Hovde Group. Keefe Bruyette & Woods upgraded Mercantile Bank Corporation (NASDAQ:MBWM) on Thursday, March 1 to “Buy” rating. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Hold” rating given on Wednesday, January 17 by Hovde Group. Sandler O’Neill maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating on Wednesday, January 3. Sandler O’Neill has “Hold” rating and $39.0 target. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Outperform” rating given on Thursday, March 1 by Wood. The rating was maintained by Sandler O’Neill on Tuesday, March 27 with “Hold”.

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 $608.48 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 19.32 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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