Mercantile Bank Corp. Upgraded to Outperform by Keefe, Bruyette & Woods (MBWM)
In other Mercantile Bank Corp. news, COO Robert B. Kaminski sold 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $19.43, for a total value of $58,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mercantile Bank Corp. (NASDAQ:MBWM) opened at 18.82 on Friday. Mercantile Bank Corp. has a 1-year low of $18.26 and a 1-year high of $24.34. The stock has a 50-day moving average of $20.73 and a 200-day moving average of $20.60. The company has a market cap of $316.9 million and a price-to-earnings ratio of 13.26.
Mercantile Bank Corp. (NASDAQ:MBWM) last released its earnings data on Tuesday, July 22nd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.07. Analysts expect that Mercantile Bank Corp. will post $1.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Friday, September 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, September 10th.
Mercantile Bank Corporation is a bank holding company. The Company owns Mercantile Bank of Michigan (NASDAQ:MBWM).
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