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

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