Mercantile Bank Corp (NASDAQ: MBWM) has reported E.P.S. of $1.34 for its first fiscal quarter (ending March 31) versus $1.31 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.16 versus $4.43 for the same period a year ago.
Recent Price Action
On 4/16/24, Mercantile Bank Corp (NASDAQ: MBWM) stock declined by -3.7%, closing at $34.14. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -8.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MBWM is expected to continue to be a Value Builder.
Mercantile Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mercantile Bank has a good Power Rating of 82 and a good Appreciation Score of 82, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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