Mercantile Bank (NASDAQ:MBWM – Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, October 15th. Analysts expect Mercantile Bank to post earnings of $1.18 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Mercantile Bank (NASDAQ:MBWM – Get Free Report) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. Mercantile Bank had a net margin of 23.99% and a return on equity of 15.52%. The business had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $56.23 million. During the same period last year, the company earned $1.27 earnings per share. On average, analysts expect Mercantile Bank to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Mercantile Bank Price Performance
MBWM opened at $43.91 on Friday. The company’s 50 day simple moving average is $43.40 and its 200 day simple moving average is $40.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.02 and a current ratio of 1.03. Mercantile Bank has a 1 year low of $30.35 and a 1 year high of $51.21. The stock has a market capitalization of $708.71 million, a PE ratio of 8.68 and a beta of 0.95.
Analyst Ratings Changes
Get Our Latest Research Report on Mercantile Bank
Insider Buying and Selling at Mercantile Bank
In other news, Director Robert B. Kaminski sold 3,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $48.73, for a total transaction of $146,190.00. Following the transaction, the director now directly owns 31,610 shares of the company’s stock, valued at approximately $1,540,355.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Michael H. Price sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.57, for a total transaction of $227,850.00. Following the transaction, the director now directly owns 21,556 shares of the company’s stock, valued at approximately $982,306.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert B. Kaminski sold 3,000 shares of Mercantile Bank stock in a transaction on Friday, July 19th. The stock was sold at an average price of $48.73, for a total transaction of $146,190.00. Following the completion of the sale, the director now owns 31,610 shares of the company’s stock, valued at approximately $1,540,355.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock valued at $491,418 over the last ninety days. Corporate insiders own 3.08% of the company’s stock.
Mercantile Bank Company Profile
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.
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