Analyst Activity – Hovde Group Reiterates Hold on Mercantile Bank (NASDAQ:MBWM)

ME Staff
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Analyst Ratings For Mercantile Bank (NASDAQ:MBWM)

Today, Hovde Group reiterated its Hold rating on Mercantile Bank (NASDAQ:MBWM) with a price target of $38.50.

Some recent analyst ratings include

  • 1/18/2018-Hovde Group Reiterated Rating of Hold.
  • 10/3/2017-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 9/28/2017-DA Davidson was Downgraded by analysts at DA Davidson from a “Buy ” rating to a ” Neutral” rating. They now have a $35.00 price target on the stock.
  • 1/18/2017-Raymond James Financial was Downgraded by analysts at Raymond James Financial from a “Outperform ” rating to a ” Market Perform” rating.

Dividend information for Mercantile Bank (NASDAQ:MBWM)

Mercantile Bank (NASDAQ:MBWM) pays an annual dividend of $0.76 with a yield of 2.09%.

Dividend History for Mercantile Bank (NASDAQ:MBWM)

  • On 1/16/2018 Mercantile Bank announced a Quarterly dividend of $0.22 0.00608407079646018% with an ex dividend date of 3/8/2018 which will be payable on 3/21/2018.
  • On 10/18/2017 Mercantile Bank announced a quarterly dividend of $0.19 2.03% with an ex dividend date of 12/7/2017 which will be payable on 12/20/2017.
  • On 7/18/2017 Mercantile Bank announced a quarterly dividend of $0.19 2.36% with an ex dividend date of 9/7/2017 which will be payable on 9/20/2017.
  • On 4/18/2017 Mercantile Bank announced a quarterly dividend of $0.18 2.16% with an ex dividend date of 6/7/2017 which will be payable on 6/21/2017.
  • On 1/18/2017 Mercantile Bank announced a quarterly dividend of $0.18 2.17% with an ex dividend date of 3/8/2017 which will be payable on 3/22/2017.
  • On 10/18/2016 Mercantile Bank announced a quarterly dividend of $0.17 2.5% with an ex dividend date of 12/7/2016 which will be payable on 12/21/2016.
  • On 7/19/2016 Mercantile Bank announced a quarterly dividend of $0.17 2.7% with an ex dividend date of 9/7/2016 which will be payable on 9/21/2016.

Recent Insider Trading Activity For Mercantile Bank (NASDAQ:MBWM)
Mercantile Bank (NASDAQ:MBWM) has insider ownership of 3.20% and institutional ownership of 52.11%.

  • On 11/20/2017 Thomas R Sullivan, Director, sold 5,200 with an average share price of $35.15 per share and the total transaction amounting to $182,780.00.
  • On 10/27/2017 Thomas R Sullivan, Director, sold 5,800 with an average share price of $37.29 per share and the total transaction amounting to $216,282.00.
  • On 10/20/2017 Thomas R Sullivan, Director, sold 10,739 with an average share price of $37.04 per share and the total transaction amounting to $397,772.56.
  • On 7/21/2017 Edward J Clark, Director, bought 385 with an average share price of $31.59 per share and the total transaction amounting to $12,162.15.
  • On 6/14/2017 Thomas R Sullivan, Director, sold 7,113 with an average share price of $33.75 per share and the total transaction amounting to $240,063.75.
  • On 6/13/2017 Thomas R Sullivan, Director, sold 2,797 with an average share price of $33.24 per share and the total transaction amounting to $92,972.28.
  • On 6/12/2017 Thomas R Sullivan, Director, sold 3,801 with an average share price of $34.23 per share and the total transaction amounting to $130,108.23.

Recent Trading Activity for Mercantile Bank (NASDAQ:MBWM)
Shares of Mercantile Bank closed the previous trading session at 36.44 up +0.28 0.77% with shares trading hands.