Mercantile Bank (NASDAQ:MBWM) Stock, Quote.Headers.trade-ideas

Mercantile Bank

Mercantile Bank Corp operates as a bank holding company. It provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Bank.shutterstock_2133096251

Analyst Color

Mid Cap

Sector ETFs

Small Cap

Analyst Ratings

ETFs

FFWM

MBWM

SFBS

US regional banks gain as investors rotate from large-cap to small-cap stocks, with the SPDR S&amp;P Regional Banking ETF rallying 4.5% on Tuesday.

Regional Bank Gains Hit Levels Unseen Since Silicon Valley Bank&#39;s Failure As Investor Sentiment Shifts To Small-Cap Names

News

Penny Stocks

Intraday Update

Markets

Movers

Trading Ideas

ABOS

ADES

APLS

APVO

ARDS

ATRO

ATUS

AWIN

BPTS

EOSE

Euda Health Holdings Limited - Ordinary Shares

EUDA

EXPI

FREY

FWBI

GRRR

HCTI

HYPR

ICAD

INOD

IRNT

ISUN

LINK

LIXT

MASI

MICS

MNMD

NMTR

NOVN

PACW

PIRS

QBTS

RVYL

SCHW

Market Index Target Term Securities Linked To The Dow Jones Industrial Average

SNAX

UTME

Gainers


	Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS) gained 90% to $0.3560 after the company issued strategic update and announced restructuring.


Why Lixte Biotechnology Shares Are Trading Lower By 26%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

AMRN

DISH

MVST

NKLA

PGEN

U.S. stocks traded mostly higher, with the Dow Jones gaining over 200 points on Tuesday. Here are some big stocks recording gains in today’s session.

Morgan Stanley, Charles Schwab, Bank of America, And Other Big Stocks Moving Higher On Tuesday

Mercantile Bank Corporation - Common Stock

Mercantile Bank Corp

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and raises the price target from $50 to $56.

Price Target

Keefe, Bruyette & Woods Maintains Outperform on Mercantile Bank, Raises Price Target to $56

WIIM

ABCB

ACNB

AMAL

AMTB

AROW

BANF

BANR

BCAL

BFST

BHLB

BHRB

BMRC

BOKF

BPOP

BRKL

BSRR

BSVN

BUSE

CARE

CASH

CATY

CBAN

CBNK

CBSH

CCBG

CCNE

CFFN

CHCO

CLBK

CNOB

COFS

CTBI

CUBI

CVBF

CZFS

DCOM

EBTC

EFSC

EGBN

EQBK

EWBC

FBIZ

FBMS

FBNC

FCBC

FCNCA

FFBC

FFIC

FFIN

FIBK

FISI

FLIC

FMAO

FMBH

FMNB

FNLC

FRBA

FRME

FRST

FSBC

GABC

GBCI

GCBC

GNTY

GSBC

HAFC

HBCP

HBNC

HFBL

HFWA

HIFS

HMST

HOMB

HONE

HOPE

HTBI

HTBK

HTLF

Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.17 by 4.27 percent. This is a 6.15 percent decrease over earnings of $1.30 per share from the same period last year. The company reported quarterly sales of $58.000 million which beat the analyst consensus estimate of $56.831 million by 2.06 percent. This is a 0.36 percent decrease over sales of $58.207 million the same period last year.

Earnings

Earnings Beats

Mercantile Bank Q3 2024 GAAP EPS $1.22 Beats $1.17 Estimate, Sales $58.000M Beat $56.831M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mercantile Bank will report an earnings per share (EPS) of $1.17.
Anticipation surrounds Mercantile Bank's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 0.16% increase in the share price the following trading session.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.15</td>
<td>1.14</td>
<td>1.24</td>
<td>1.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.17</td>
<td>1.34</td>
<td>1.25</td>
<td>1.30</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728918053_0.png" alt="eps graph" />
<h3>Tracking Mercantile Bank's Stock Performance</h3>
Shares of Mercantile Bank were trading at $43.91 as of October 11. Over the last 52-week period, shares are up 31.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look Ahead: Mercantile Bank's Earnings Forecast

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and raises the price target from $47 to $51.

Reiteration

Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Raises Price Target to $51

Piper Sandler analyst Brandan Nosal maintains Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Neutral and raises the price target from $42 to $53.

Piper Sandler Maintains Neutral on Mercantile Bank, Raises Price Target to $53

U.S. regional banks are experiencing sessions of significant gains, as growing expectations for interest rate cuts fueled an investor rotation from large-cap<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39797464/small-caps-are-having-a-moment-russell-2000-notches-best-5-day-rally-in-over-4-year"> to small-cap stocks.</a>
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) — a widely followed gauge for the industry — rallied as much as 4.5% on Tuesday, marking the strongest session since December 2023.
Notably, the recent five-day rally of nearly 15% was the strongest for regional banks since November 2020.
With Tuesday&#8217;s move, regional banks have effectively recouped all losses suffered after March 9, 2023, characterized by the failure of Silicon Valley Bank and Signature Bank.
&#8220;Lending conditions for commercial and industrial loans have eased substantially since last year's regional bank crisis. The net percentage of lenders reporting tightening lending standards has declined from the peak of 50% at the end of 2023 to 20% today for both small and large firms,&#8221; Goldman Sachs wrote in a recent note on regional banks.
<h1 class="wp-block-heading">Chart: Regional Banks Rebound To Pre-Silicon Valley Bank Collapse Levels</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1024x524.png" alt="" class="wp-image-439490" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1536x786.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">Benzinga pro</a>
<h1 class="wp-block-heading">Tuesday&#8217;s Top Performers Within Regional Banks</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td> 1-Day %</td>
</tr>
<tr>
<td>ServisFirst Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>)</td>
<td>12.53%</td>
</tr>
<tr>
<td>Mercantile Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NYSE">MBWM</a>)</td>
<td>12.06%</td>
</tr>
<tr>
<td>First Foundation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>)</td>
<td>10.35%</td>
</tr>
<tr>
<td>Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>)</td>
<td>10.00%</td>
</tr>
<tr>
<td>CrossFirst Bankshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>)</td>
<td>9.66%</td>
</tr>
<tr>
<td>FB Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>)</td>
<td>8.04%</td>
</tr>
<tr>
<td>Peapack-Gladstone Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGC#NASDAQ">PGC</a>)</td>
<td>7.88%</td>
</tr>
</tbody>
</table>
</figure>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39780995/rate-sensitive-cyclical-stocks-poised-for-rally-as-fed-prepares-to-cut-rates-were-o">Rate-Sensitive Cyclical Stocks Poised For Rally As Fed Prepares To Cut Rates: &#8216;We&#8217;re On The Path To Goldilocks,&#8217; Says Bank Of America</a></li>
</ul>
Interested in learning more about small-cap stocks? Sign up for the Benzinga Small Cap Conference in Chicago on Oct. 10. <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Click here</a> for information. 
Photo: Shutterstock

Regional Bank Gains Hit Levels Unseen Since Silicon Valley Bank's Failure As Investor Sentiment Shifts To Small-Cap Names

HBAN

PPBI

TBBK

Shares of banking stocks are trading higher amid sympathy with Bank of America after the company reported better-than-expected Q2 financial results.

Mercantile recorded provisions for credit losses of&nbsp;$3.5 million&nbsp;and&nbsp;$2.0 million&nbsp;during the second quarters of 2024 and 2023, respectively.

Mercantile Bank Q2 Provisions For Credit Losses $3.5M Vs. $2.0M YoY

Mercantile Bank Q2 2024 GAAP EPS $1.17 Beats $1.16 Estimate, Sales $56.800M Beat $56.105M Estimate

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on&nbsp;July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.36&nbsp;per common share, payable on&nbsp;September 18, 2024, to holders of record as of&nbsp;September 6, 2024.&nbsp; The&nbsp;$0.36&nbsp;cash dividend represents increases of nearly&nbsp;3 percent&nbsp;and&nbsp;6 percent&nbsp;from the cash dividends paid during the&nbsp;second quarter&nbsp;of 2024 and&nbsp;third quarter&nbsp;of 2023, respectively.

Dividends

Mercantile Bank Corporation Increases Q3 Regular Cash Dividend To $0.36/Share, Up By 3% QoQ And 6% YoY

Management

Robert B. Kaminski, Jr. Has Retired As President And CEO Of Mercantile And As CEO Of Mercantile's Wholly Owned Subsidiary; Raymond E. Reitsma Has Resigned As EVP And COO Of Mercantile And Has Been Appointed As President And CEO Of Mercantile And CEO Of The Bank

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and maintains $47 price target.

Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Maintains $47 Price Target

<h3>Companies Reporting Before The Bell</h3>
&bull; Traws Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) is expected to report earnings for its fourth quarter.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $5.34 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $25.45 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.03 per share on revenue of $5.19 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $4.38 billion.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $21.41 billion.
&bull; UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $99.47 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $14.43 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $1.75 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $390.36 million.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.14 per share on revenue of $55.38 million.
<h3>Companies Reporting After The Bell</h3>
&bull; CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.80 million.
&bull; Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) is expected to report quarterly loss at $0.18 per share on revenue of $2.64 million.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $11.47 million.
&bull; GameSquare Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) is expected to report quarterly loss at $0.23 per share on revenue of $16.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is projected to report quarterly earnings at $0.85 per share on revenue of $52.81 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $3.62 billion.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.59 per share on revenue of $3.16 billion.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $357.17 million.
&bull; America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $11.98 billion.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly loss at $0.56 per share on revenue of $12.43 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $208.99 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $1.18 billion.
&bull; Ontrak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CXAI

ERIC

FULT

GAME

IBKR

JBHT

NTRS

OTRK

SGBX

TRAW

XELB

Earnings Scheduled For April 16, 2024

Mercantile Bank Q1 Provisions For Credit Losses $1.3M Vs. $0.6M YoY

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.14 by 17.54 percent. This is a 2.29 percent increase over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $58.20 million which beat the analyst consensus estimate of $55.38 million by 5.09 percent. This is a 5.18 percent increase over sales of $55.34 million the same period last year.

Mercantile Bank Q1 EPS $1.34 Beats $1.14 Estimate, Sales $58.20M Beat $55.38M Estimate

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.35&nbsp;per common share, payable on March 13, 2024, to holders of record as of March 1, 2024.&nbsp;&nbsp; The&nbsp;$0.35&nbsp;cash dividend is approximately&nbsp;3 percent&nbsp;and&nbsp;6 percent&nbsp;higher than the cash dividends paid during the&nbsp;fourth quarter&nbsp;and&nbsp;first quarter&nbsp;of 2023, respectively. 
&nbsp;

Mercantile Bank Corp Boosts Q1 FY24 Cash Dividend by 3% QoQ and 6% YoY to $0.35/Share

Mercantile Bank Q4 EPS $1.25 Beats $1.24 Estimate, Revenue $57.00M Beat $56.11M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-16. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.24. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 2.0% drop in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.10</td>
<td>1.16</td>
<td>1.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.30</td>
<td>1.27</td>
<td>1.31</td>
<td>1.37</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>3.12%</td>
<td>0.28%</td>
<td>-9.18%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1705327280_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Mercantile Bank's Earnings

Comments

Mercantile Bank

Mercantile Bank (MBWM) Forecast

Mercantile Bank (NASDAQ:MBWM) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga