Stock in News Spotlight: Mercantile Bank Corporation (NASDAQ:MBWM)

Mercantile Bank Corporation (NASDAQ:MBWM) changed -1.40% to recent value of $35.16. The stock transacted 22160 shares during most recent day however it has an average volume of 38.40K shares. It spotted trading -5.78% off 52-week high price. On the other end, the stock has been noted 18.34% away from the low price over the last 52-weeks.

On Jan. 7, 2020, Mercantile Bank Corporation (NASDAQ:MBWM) will hold a conference call to discuss fourth quarter and full year 2019 results on Tuesday, January 21, 2020, at 10:00 a.m. Eastern Time.

About Mercantile Bank Corporation

Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately $3.6 billion and operates 46 banking offices. Mercantile Bank Corporation’s common stock is listed on the NASDAQ Global Select Market under the symbol MBWM.

MBWM has an operating margin of 78.00% while its profit margin remained 30.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 28.00% for this year while earning per share for the next 5-years is expected to reach at 8.00%.

The company has 16.47M of outstanding shares and 15.72M shares were floated in the market. The price moved ahead of -3.11% from the mean of 20 days, -1.78% from mean of 50 days SMA and performed 5.35% from mean of 200 days price. Company’s performance for the week was -3.49%, 0.34% for month and YTD performance remained -3.59%.

Leave a Reply

Your email address will not be published. Required fields are marked *