Hovde Group downgraded Mercantile Bank from Outperform to Market Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2026 | $54.00 | Equal-Weight | Stephens |
| 12/18/2025 | $53.00 → $56.00 | Outperform | Hovde Group |
| 7/24/2025 | $55.00 | Mkt Perform → Outperform | Raymond James |
| 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 |
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
11-K - MERCANTILE BANK CORP (0001042729) (Filer)
8-K - MERCANTILE BANK CORP (0001042729) (Filer)
Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the quarterGRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $25.9 million, or $1.50 per diluted share, for the second quarter of 2026, compared with net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025. Net income during the first six months of 2026 totaled $48.6 million, or $2.82 per diluted share, compared with net income of $42.2 million, or $2.60 per diluted share, during the first six months of 2025. Excluding non-recurring costs ass
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.8% percent GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 16, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share, payable on September 16, 2026, to holders of record as of September 4, 2026. The $0.40 cash dividend represents increases of 2.6 percent and 5.3 percent from the cash dividends paid during the second quarter of 2026 and third quarter of 2025, respectively.
GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 21, 2026, to discuss second quarter 2026 financial results. The Company's second quarter 2026 earnings release will be released before markets open on Tuesday, July 21, 2026, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com.Participants may access the live webcast on July 21, 2026, at 10 a.m. ET at ir.mercbank.com. An audio archive will be available on the Mercantile Investor
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)
Stephens initiated coverage of Mercantile Bank with a rating of Equal-Weight and set a new price target of $54.00
Hovde Group reiterated coverage of Mercantile Bank with a rating of Outperform and set a new price target of $56.00 from $53.00 previously
Raymond James upgraded Mercantile Bank from Mkt Perform to Outperform and set a new price target of $55.00
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
Net interest income expansion, strong commercial loan growth, and sustained strength in asset quality metrics and capital levels highlight the quarterGRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $25.9 million, or $1.50 per diluted share, for the second quarter of 2026, compared with net income of $22.6 million, or $1.39 per diluted share, for the second quarter of 2025. Net income during the first six months of 2026 totaled $48.6 million, or $2.82 per diluted share, compared with net income of $42.2 million, or $2.60 per diluted share, during the first six months of 2025. Excluding non-recurring costs ass
Board of Directors declares $0.40 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 2.8% percent GRAND RAPIDS, Mich., July 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 16, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share, payable on September 16, 2026, to holders of record as of September 4, 2026. The $0.40 cash dividend represents increases of 2.6 percent and 5.3 percent from the cash dividends paid during the second quarter of 2026 and third quarter of 2025, respectively.
GRAND RAPIDS, Mich., June 30, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, July 21, 2026, to discuss second quarter 2026 financial results. The Company's second quarter 2026 earnings release will be released before markets open on Tuesday, July 21, 2026, and available in the "Investor Relations" section of the Company's website, ir.mercbank.com.Participants may access the live webcast on July 21, 2026, at 10 a.m. ET at ir.mercbank.com. An audio archive will be available on the Mercantile Investor
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)
SC 13G/A - MERCANTILE BANK CORP (0001042729) (Subject)