A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation [Seeking Alpha]
Mercantile Bank Corporation (MBWM)
Last mercantile bank corporation earnings: 4/21 06:01 am
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US:NASDAQ Investor Relations:
mercbank.com/about
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Play 12min Summary Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1% since April, outperforming the S&P 500, but asset quality concerns and potential interest rate cuts prompted a downgrade to “buy.”. Net interest income increased due to reduced credit loss provisions and higher interest-earning assets, though net interest margin continues to decline. Despite a higher valuation and asset quality drop, Mercantile Bank's balance sheet growth and attractive share price still make it a solid “buy” candidate. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Morsa Images Things have been going quite well for shareholders of Mercantile Bank Corporation NASDAQ: MBWM ). On October 15th, shares of t
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MBWM
News
- Mercantile Bank Co. (NASDAQ: MBWM) had its price target raised by analysts at Keefe, Bruyette & Woods from $50.00 to $56.00. They now have an "outperform" rating on the stock.MarketBeat
- Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Mercantile Bank Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank Corporation Announces Strong Third Quarter ResultsPR Newswire
MBWM
Earnings
- 10/15/24 - Beat
MBWM
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 8-K
- 12/3/24 - Form 4
- MBWM's page on the SEC website