StreetInsider.com News Articles

Mercantile Bank Corporation (MBWM) PT Raised to $64 at KBW

Wed, 22 Jul 2026 08:50:44 -0400

(Updated - July 22, 2026 8:50 AM EDT)

Keefe, Bruyette & Woods analyst Damon DelMonte raised the price target on Mercantile Bank Corporation (NASDAQ: MBWM) to $64.00 (from $60.00) while maintaining an Outperform rating.

The analyst commented: "MBWM recorded operating earnings of $1.53/sh, comfortably ahead of expectations given the combination of a lower provision and stronger PPNR. Excluding the benefit from a provision reversal, operating earnings were a nickel better than our estimate given positively trending PPNR as spread income and expenses beat expectations. Loan growth was solid at +8% LQA, led by momentum in C&I lending while lower brokered CDs and

Mercantile Bank Corporation (MBWM) PT Raised to $64 at KBW

Wed, 22 Jul 2026 08:50:44 -0400

(Updated - July 22, 2026 8:50 AM EDT)

Keefe, Bruyette & Woods analyst Damon DelMonte raised the price target on Mercantile Bank Corporation (NASDAQ: MBWM) to $64.00 (from $60.00) while maintaining an Outperform rating.

Piper Sandler Reiterates Neutral Rating on Mercantile Bank Corporation (MBWM)

Wed, 22 Jul 2026 06:43:01 -0400

Piper Sandler analyst Nathan Rice reiterated a Neutral rating and {REMOVEPT} price target on Mercantile Bank Corporation (NASDAQ: MBWM)

For an analyst ratings summary and ratings history on Mercantile Bank Corporation click here. For more ratings news on Mercantile Bank Corporation click here.

Shares of Mercantile Bank Corporation closed at $59.68 yesterday.

Hovde Group Downgrades Mercantile Bank Corporation (MBWM) to Market Perform

Wed, 22 Jul 2026 06:04:22 -0400

Hovde Group analyst Brendan Nosal downgraded Mercantile Bank Corporation (NASDAQ: MBWM) from Outperform to Market Perform with a price target of $62.00.

For an analyst ratings summary and ratings history on Mercantile Bank Corporation click here. For more ratings news on Mercantile Bank Corporation click here.

Shares of Mercantile Bank Corporation closed at $59.68 yesterday.

Form 8-K MERCANTILE BANK CORP For: Jul 21

Tue, 21 Jul 2026 09:02:00 -0400

si-local-file:///var/storage/secattach/20260721/26793333.html

Form 8-K MERCANTILE BANK CORP For: Jul 21

Tue, 21 Jul 2026 09:02:00 -0400

si-local-file:///var/storage/secattach/20260721/26793333.html

Mercantile Bank (MBWM) Declares $0.40 Quarterly Dividend; 2.8% Yield

Tue, 21 Jul 2026 05:56:00 -0400

Mercantile Bank (NASDAQ: MBWM) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on September 16, 2026, to stockholders of record on September 4, 2026, with an ex-dividend date of September 3, 2026.

The annual yield on the dividend is 2.8 percent.

For a dividend history and other dividend-related data on Mercantile Bank (MBWM) click here.

Mercantile Bank (MBWM) Tops Q2 EPS by 21c

Tue, 21 Jul 2026 05:35:30 -0400

Mercantile Bank (NASDAQ: MBWM) reported Q2 EPS of $1.53, $0.21 better than the analyst estimate of $1.32. Revenue for the quarter came in at $68.76 million versus the consensus estimate of $68.81 million.

For earnings history and earnings-related data on Mercantile Bank (MBWM) click here.

Mercantile Bank Corporation Announces Strong Second Quarter 2026 Results