Mercantile Bank Corporation (NASDAQ:MBWM) Weekly Ratings as of Apr 17, 2018

April 17, 2018 - By Elizabeth Jones

Mercantile Bank Corporation (NASDAQ:MBWM) Corporate Logo
Big Money Sentiment increased to 1.35 in 2017 Q4. It has change of 0.29, from 2017Q3’s 1.06. The ratio is positive due to Mercantile Bank Corporation positioning: 5 sold and 26 reduced. 8 funds amassed holdings and 34 increased holdings. Investors holded 8.49 million in 2017Q3 but now own 8.62 million shares or 1.64% more.
Swiss Bank & Trust holds 26,700 shs. New York-based Indexiq Advisors Limited Com has invested 0.05% in Mercantile Bank Corporation (NASDAQ:MBWM). Federated Incorporated Pa has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Cornerstone Capital Liability Corporation, New York-based fund reported 31,653 shs. Jpmorgan Chase & owns 35,582 shs. Moreover, Greenleaf Tru has 0.01% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 7,000 shs. Us Bank De has invested 0% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Ameritas Investment Ptnrs owns 1,239 shs. Thomson Horstmann And Bryant Incorporated reported 89,619 shs or 0.42% of all its holdings. Panagora Asset Management accumulated 0.02% or 125,823 shs. Huntington Comml Bank has invested 0.02% in Mercantile Bank Corporation (NASDAQ:MBWM). California State Teachers Retirement Systems holds 0% or 25,406 shs in its capital. Royal Fincl Bank Of Canada has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Aqr Cap Mgmt Lc invested 0% of its capital in Mercantile Bank Corporation (NASDAQ:MBWM). Dynamic Advsr Solutions Limited has invested 0.17% in Mercantile Bank Corporation (NASDAQ:MBWM).

Mercantile Bank Corporation had 3 insider sales and 0 insider purchases since October 20, 2017. This’s net activity of $851,645.

Mercantile Bank Corporation (NASDAQ:MBWM) Ratings Coverage

In total 4 analysts cover Mercantile Bank Corp (NASDAQ:MBWM). “Buy” rating has 2, “Sell” are 0, while 2 are “Hold”. 50% are bullish. 6 are the (NASDAQ:MBWM)’s analyst reports since December 21, 2017 according to StockzIntelligence Inc. On Thursday, December 21 Keefe Bruyette & Woods maintained the shares of MBWM in report with “Hold” rating. The stock rating was upgraded by Keefe Bruyette & Woods to “Buy” on Thursday, March 1. On Tuesday, March 27 Sandler O’Neill maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating. Sandler O’Neill has “Hold” rating and $3700 target. On Wednesday, January 3 the firm has “Hold” rating by Sandler O’Neill given. On Thursday, March 1 the company was upgraded by Wood. On Wednesday, January 17 Hovde Group maintained Mercantile Bank Corporation (NASDAQ:MBWM) with “Hold” rating. Listed here are Mercantile Bank Corporation (NASDAQ:MBWM) PTs and latest ratings.

27/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $37.0000 Maintain
01/03/2018 Broker: Keefe Bruyette & Woods Rating: Buy Upgrade
01/03/2018 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
17/01/2018 Broker: Hovde Group Rating: Hold New Target: $38.5 Maintain
03/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $39.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $39.0 Maintain

Its shares touched $34.61 on during the last trading session after 1.50% change.Mercantile Bank Corporation has volume of 33,745 shares. Since April 17, 2017 MBWM has declined 1.90% and is downtrending. The stock underperformed the S&P500 by 13.45%.

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 $574.46 million market cap. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements.The P/E ratio is 18.23. 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 Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: