Raymond James upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $44.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $54.00 | Market Perform → Outperform | Hovde Group |
| 5/8/2024 | Buy → Neutral | Janney | |
| 3/4/2024 | Outperform → Market Perform | Hovde Group | |
| 1/16/2024 | Neutral → Buy | Janney | |
| 3/7/2023 | $38.00 → $40.00 | Neutral → Overweight | Piper Sandler |
| 1/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 10/6/2022 | $44.00 → $35.00 | Strong Buy → Outperform | Raymond James |
| 7/28/2022 | $41.00 | Market Perform → Outperform | Hovde Group |
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
4 - MERCANTILE BANK CORP (0001042729) (Issuer)
Hovde Group upgraded Mercantile Bank from Market Perform to Outperform and set a new price target of $54.00
Janney downgraded Mercantile Bank from Buy to Neutral
Hovde Group downgraded Mercantile Bank from Outperform to Market Perform
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024. "We are pleased to report sustained strength in financial metrics during the fi
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7 percent higher than the cash dividend paid during the second quarter of 2024. "We are very pleased that ou
GRAND RAPIDS, Mich., March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, April 22, 2025, to discuss first quarter 2025 financial results. The Company's first quarter 2025 earnings release will be released before markets open on Tuesday, April 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on April 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
10-Q - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that President and Chief Executive Officer ("CEO") Robert B. Kaminski. Jr., intends to retire effective June 1, 2024. Mr. Kaminski will remain on the Board of Directors. In conjunction with Mr. Kaminski's retirement, Raymond E. Reitsma will be appointed President and CEO of Mercantile effective June 1, 2024. Mr. Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024. Mr. Kaminski commented, "The management succession process is an ongoing responsibility which is v
GRAND RAPIDS, Mich., Dec. 1, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile"), announced today the appointments of Amy L. Sparks, CPA and Nelson F. Sanchez, CPA to the Bank's Board of Directors in the second half of 2022. "We are thrilled to welcome two new Directors who bring a wealth of experience in business, finance and manufacturing as we expand the diversification of perspectives across our Board. Amy's executive leadership of solidifying financial performance, organizational development, diversifying into new markets and increased employee e
Growth in net interest income, notable increases in certain noninterest income categories, sustained strength in asset quality metrics, and continuing solid capital position highlight the quarter GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $19.5 million, or $1.21 per diluted share, for the first quarter of 2025, compared with net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024. "We are pleased to report sustained strength in financial metrics during the fi
Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7 percent higher than the cash dividend paid during the second quarter of 2024. "We are very pleased that ou
GRAND RAPIDS, Mich., March 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, April 22, 2025, to discuss first quarter 2025 financial results. The Company's first quarter 2025 earnings release will be released before markets open on Tuesday, April 22, 2025, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com. Participants may access the live conference call on April 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the "Mercantile