Mercantile Bank Corp. (MBWM) Analysts See $0.48 EPS

September 17, 2017 - By Vivian Park

 Mercantile Bank Corp. (MBWM) Analysts See $0.48 EPS
Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.20, from 1.44 in 2016Q3. It worsened, 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.
Nationwide Fund Advisors owns 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 11,904 shares. Pnc Fincl Services Group Inc holds 129,081 shares or 0.01% of its portfolio. Pinnacle Hldgs Ltd reported 0% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM). Lvm Capital Mngmt Ltd Mi holds 20,056 shares. Deutsche Bank Ag accumulated 14,511 shares or 0% of the stock. Panagora Asset invested 0.02% in Mercantile Bank Corp. (NASDAQ:MBWM). Bridgeway Cap Mgmt reported 0.02% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM). Cornerstone Management Ltd Liability Corp invested in 0.02% or 53,268 shares. Rhumbline Advisers invested in 18,454 shares or 0% of the stock. Jpmorgan Chase And holds 79,513 shares or 0% of its portfolio. Dynamic Advsr Solutions Limited Liability Com has 17,500 shares. New York-based Tower Rech Cap Ltd Liability Corporation (Trc) has invested 0% in Mercantile Bank Corp. (NASDAQ:MBWM). Invesco Limited has 23,057 shares. Metropolitan Life New York has 12,116 shares for 0% of their portfolio. Mutual Of America Capital Limited Liability Company invested in 0% or 1,500 shares.

Since June 12, 2017, it had 0 insider buys, and 1 insider sale for $240,059 activity.

Investors wait Mercantile Bank Corp. (NASDAQ:MBWM) to report on October, 17. its quarterly earnings Wall Street analysts expect $0.48 earnings per share, $0.00 or 0.00 % from last year’s $0.48 same quarter earnings. This translates into $7.91 million profit for MBWM giving the stock a 16.24 P/E. This is assuming the current $0.48 EPS is accurate. Mercantile Bank Corp.’s Wall Street analysts see 6.67 % EPS growth, taking into account the $0.45 EPS reproted in the previous quarter, The stock increased 0.87% or $0.27 on September 15, reaching $31.18. About 116,378 shares traded or 314.07% up from the average. Mercantile Bank Corp. (NASDAQ:MBWM) has risen 34.10% since September 17, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Mercantile Bank Corp. (NASDAQ:MBWM) Ratings Coverage

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Mercantile Bank had 10 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 firm has “Mkt Perform” rating given on Wednesday, January 18 by Raymond James. The firm has “Mkt Perform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The company was downgraded on Wednesday, July 22 by Sandler O’Neill. The firm earned “Mkt Perform” rating on Tuesday, August 25 by Raymond James. DA Davidson upgraded Mercantile Bank Corp. (NASDAQ:MBWM) rating on Monday, September 11. DA Davidson has “Buy” rating and $35 target. Keefe Bruyette & Woods maintained the shares of MBWM in report on Friday, May 26 with “Hold” rating.

Mercantile Bank Corporation is a bank holding company. The company has market cap of $513.93 million. The Firm owns the Mercantile Bank of Michigan . It has a 16.55 P/E ratio. The Bank is a state banking company.

More recent Mercantile Bank Corp. (NASDAQ:MBWM) news were published by: Nasdaq.com which released: “Pacific Mercantile Bank Provides $6 Million in Financing to Thrive Networks” on September 06, 2017. Also Globenewswire.com published the news titled: “Douglas Spencer Named SVP & Regional Manager of Pacific Mercantile Bank’s …” on September 12, 2017. Globenewswire.com‘s news article titled: “Pacific Mercantile Bank Provides $5 Million in Financing to Health-Ade” with publication date: September 14, 2017 was also an interesting one.

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