Mercantile Bank Corporation (NASDAQ:MBWM) Updates On Dividend Release Date


On 2016-07-19, Mercantile Bank Corporation (NASDAQ:MBWM) confirmed the dividend disbursement of $0.17 a share to shareholders as on record 2016-09-09. The firm will release dividend on 2016-09-21 while ex-dividend date is reported to be 2016-09-07.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Mercantile Bank Corporation (NASDAQ:MBWM) paid a total of $0.17 per share in dividends. This figure stood at $0.17 a share in the same period a year ago indicating a deviation of -76.6129%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $26.5 on the stock. This figure is the average of recommendations offered by 2 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $27 and $26, respectively.

Taking the mathematical rating formula, the price for Mercantile Bank Corporation (NASDAQ:MBWM) stands at 2.5. Earnings Review Mercantile Bank Corporation (NASDAQ:MBWM) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $0.44.

Coming to the quarter ending on 2015-12-31, Mercantile Bank Corporation (NASDAQ:MBWM) recorded EPS of $0.46. The reported numbers came lower than the analysts’ estimates of $0.41, demonstrating a miss of $0.05 as against reported figures.

Shares of the Mercantile Bank Corporation (NASDAQ:MBWM) traded in the range of $25.46 to $25.97 and closed the last trading session at $25.8 on a volume of ((Volume:238}}.

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