$0.44 EPS Expected for Mercantile Bank Corp. (MBWM)

June 19, 2017 - By Michael Collier

 $0.44 EPS Expected for Mercantile Bank Corp. (MBWM)
Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.20, from 1.44 in 2016Q3. It dived, as 3 investors sold Mercantile Bank Corp. shares while 30 reduced holdings. 12 funds opened positions while 29 raised stakes. 7.96 million shares or 2.72% more from 7.75 million shares in 2016Q3 were reported.
Dimensional Fund Advsrs Lp owns 832,237 shares for 0.02% of their portfolio. Credit Suisse Ag reported 15,222 shares stake. 30,400 are owned by Wedge Cap Mngmt L L P Nc. Plante Moran Fin Advsr Ltd Liability Corp reported 0.36% stake. Spark Inv Management holds 0.06% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM) for 18,100 shares. Citigroup accumulated 22,041 shares. Wesbanco Bancorp holds 5,355 shares. The New York-based Millennium Mngmt Ltd Limited Liability Company has invested 0% in Mercantile Bank Corp. (NASDAQ:MBWM). Morgan Stanley stated it has 138,331 shares or 0% of all its holdings. Pnc Financial Gru accumulated 129,081 shares. Connor Clark And Lunn holds 0% in Mercantile Bank Corp. (NASDAQ:MBWM) or 8,025 shares. The Washington-based Parametric Port Associates Ltd has invested 0% in Mercantile Bank Corp. (NASDAQ:MBWM). Great West Life Assurance Co Can reported 1,800 shares stake. Blackrock Inv Lc stated it has 0% in Mercantile Bank Corp. (NASDAQ:MBWM). 12,116 were reported by Metropolitan Life Com Ny.

Since March 2, 2017, it had 0 buys, and 2 insider sales for $473,719 activity.

Analysts expect Mercantile Bank Corp. (NASDAQ:MBWM) to report $0.44 EPS on July, 18.They anticipate $0.02 EPS change or 4.35 % from last quarter’s $0.46 EPS. MBWM’s profit would be $7.27M giving it 18.76 P/E if the $0.44 EPS is correct. After having $0.46 EPS previously, Mercantile Bank Corp.’s analysts see -4.35 % EPS growth. About 2,790 shares traded. Mercantile Bank Corp. (NASDAQ:MBWM) has risen 34.10% since June 19, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Mercantile Bank Corp. (NASDAQ:MBWM) Ratings Coverage

Among 4 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Mercantile Bank had 8 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Wednesday, January 18 by Raymond James. As per Tuesday, November 29, the company rating was downgraded by Keefe Bruyette & Woods. The firm earned “Mkt Perform” rating on Tuesday, August 25 by Raymond James. The firm earned “Hold” rating on Friday, May 26 by Keefe Bruyette & Woods. The rating was initiated by Hovde Group on Monday, November 21 with “Market Perform”. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) has “Hold” rating given on Wednesday, July 22 by Sandler O’Neill.

Mercantile Bank Corporation is a bank holding company. The company has market cap of $545.36 million. The Firm owns the Mercantile Bank of Michigan . It has a 17.42 P/E ratio. The Bank is a state banking company.

More notable recent Mercantile Bank Corp. (NASDAQ:MBWM) news were published by: Globenewswire.com which released: “Pacific Mercantile Bank Provides $12.5 Million in Financing to Interactive …” on June 06, 2017, also Reuters.com with their article: “BRIEF-Pacific Mercantile Bancorp extends term loan, commercial line of credit …” published on June 06, 2017, Globenewswire.com published: “Pacific Mercantile Bank Provides Financing to CASE Systems, Inc.” on May 23, 2017. More interesting news about Mercantile Bank Corp. (NASDAQ:MBWM) were released by: Globenewswire.com and their article: “Pacific Mercantile Bancorp Reports Fourth Quarter 2016 Operating Results” published on January 31, 2017 as well as Crainsdetroit.com‘s news article titled: “Mercantile Bank expands to metro Detroit” with publication date: February 27, 2017.

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