Mercantile Bank (MBWM) News Today

$39.89
-0.07 (-0.18%)
(As of 05/17/2024 ET)
Mercantile Bank Corporation (MBWM)
Janney Montgomery Scott Downgrades Mercantile Bank (NASDAQ:MBWM) to Neutral
Janney Montgomery Scott downgraded Mercantile Bank from a "buy" rating to a "neutral" rating in a report on Wednesday.
Mercantile Bank (NASDAQ:MBWM) Trading Up 3.9%
Mercantile Bank (NASDAQ:MBWM) Trading Up 3.9%
Mercantile Bank: Signs Of Weakening Are Evident
Mercantile Bank (NASDAQ:MBWM) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Mercantile Bank in a report on Wednesday.
Mercantile Bank Co. Announces Quarterly Dividend of $0.35 (NASDAQ:MBWM)
Mercantile Bank Co. (NASDAQ:MBWM) declared a quarterly dividend on Tuesday, April 16th. Shareholders of record on Friday, June 7th will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, June 19th. This represents a $1.40 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, June 7th.
Mercantile Bank Q1 Net Income Rises - Quick Facts
Mercantile Bank declares $0.35 dividend
Mercantile Bank earnings preview: what Wall Street is expecting
Mercantile Bank
Assenagon Asset Management S.A. Grows Stock Holdings in Mercantile Bank Co. (NASDAQ:MBWM)
Assenagon Asset Management S.A. raised its position in shares of Mercantile Bank Co. (NASDAQ:MBWM - Free Report) by 95.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,793 shares of the financia
Hovde Group Downgrades Mercantile Bank (NASDAQ:MBWM) to Market Perform
Hovde Group lowered shares of Mercantile Bank from an "outperform" rating to a "market perform" rating in a research note on Monday.
Mercantile Bank Co. (NASDAQ:MBWM) Announces Quarterly Dividend of $0.35
Mercantile Bank Co. (NASDAQ:MBWM) declared a quarterly dividend on Thursday, January 11th. Investors of record on Friday, March 1st will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, March 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, February 29th. This is an increase from Mercantile Bank's previous quarterly dividend of $0.34.
ClariVest Asset Management LLC Takes Position in Mercantile Bank Co. (NASDAQ:MBWM)
ClariVest Asset Management LLC purchased a new position in Mercantile Bank Co. (NASDAQ:MBWM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,769 shares of the financial services pr
Mercantile Bank Corp.
Allspring Global Investments Holdings LLC Sells 13,124 Shares of Mercantile Bank Co. (NASDAQ:MBWM)
Allspring Global Investments Holdings LLC trimmed its holdings in shares of Mercantile Bank Co. (NASDAQ:MBWM - Free Report) by 90.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,357 shares of the fin
Q4 2023 Mercantile Bank Corp Earnings Call
Mercantile Bank (NASDAQ:MBWM) Trading Up 2.3% Following Earnings Beat
Mercantile Bank (NASDAQ:MBWM) Shares Up 2.3% on Better-Than-Expected Earnings
Mercantile Bank (NASDAQ:MBWM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Mercantile Bank (NASDAQ:MBWM - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.03. The firm had revenue of $56.95 million for the quarter, compared to analyst estimates of $56.00 million. Mercantile Bank had a return on equity of 17.96% and a net margin of 29.22%. During the same period in the previous year, the company posted $1.37 earnings per share.
Mercantile Bank (NASDAQ:MBWM) Upgraded at Janney Montgomery Scott
Janney Montgomery Scott raised shares of Mercantile Bank from a "neutral" rating to a "buy" rating in a report on Tuesday.
Here's what Wall Street expects from Mercantile Bank's earnings report
Mercantile Bank Co. (NASDAQ:MBWM) Short Interest Up 26.2% in December
Mercantile Bank Co. (NASDAQ:MBWM - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 114,500 shares, an increase of 26.2% from the November 30th total of 90,700 shares. Based on an average daily trading volume, of 39,600 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.7% of the shares of the stock are sold short.
Short Interest in Mercantile Bank Co. (NASDAQ:MBWM) Declines By 24.2%
Mercantile Bank Co. (NASDAQ:MBWM - Get Free Report) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 90,700 shares, a drop of 24.2% from the November 15th total of 119,700 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,700 shares, the days-to-cover ratio is currently 2.7 days.
Mercantile Bank Corp MBWM
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This page (NASDAQ:MBWM) was last updated on 5/19/2024 by MarketBeat.com Staff

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