As per Mercantile Bank Corporation (NASDAQ:MBWM)’s news release on 2016-07-19, its shareholders will get cash dividend of $0.17 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-09 and 2016-09-21, respectively.
The stock will commence trading ex-dividend from 2016-09-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Mercantile Bank Corporation (NASDAQ:MBWM) disbursed $0.17 in dividend compared to distribution of $0.17, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -76.6129%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Mercantile Bank Corporation (NASDAQ:MBWM) to attain a price target of $26.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $27. The low price range is set at $26 for next year while the arithmetic mean is seen at 2.5.
Eyeing Earnings Mercantile Bank Corporation (NASDAQ:MBWM) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.44 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Mercantile Bank Corporation (NASDAQ:MBWM) earnings came at $0.46 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.41 for the quarter.
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