Mercantile Bank Corp. (MBWM) Trades at $31.53 After Triangle; National Beverage (FIZZ)’s Sentiment Is 1.14

July 17, 2017 - By Richard Conner

National Beverage Corp. is a holding company. The company has market cap of $4.91 billion. The Firm develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. It has a 44 P/E ratio. The Company’s brands consist of beverages geared to the active and health-conscious consumer , including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

Mercantile Bank Corp. (MBWM) formed triangle with $32.79 target or 4.00% above today’s $31.53 share price. Mercantile Bank Corp. (MBWM) has $514.76 million valuation. It closed at $31.53 lastly. It is down 34.10% since July 17, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Since March 2, 2017, it had 0 insider purchases, and 2 sales for $473,719 activity. $240,059 worth of Mercantile Bank Corp. (NASDAQ:MBWM) shares were sold by SULLIVAN THOMAS R.

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.20, from 1.44 in 2016Q3. It is negative, as 3 investors sold Mercantile Bank Corp. shares while 30 reduced holdings. 12 funds opened positions while 29 raised stakes. 7.96 million shares or 2.72% more from 7.75 million shares in 2016Q3 were reported. Numeric Investors Limited Liability Corp owns 81,992 shares or 0.03% of their US portfolio. Wesbanco Retail Bank accumulated 0.01% or 5,355 shares. First Allied Advisory Serv has 0.02% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 8,004 shares. Prelude Ltd Llc reported 1,700 shares. Susquehanna Gp Llp has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM). Tiaa Cref Investment Management Limited Liability Corporation invested in 0% or 58,249 shares. Fifth Third Natl Bank stated it has 0% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM). Moreover, Millennium Ltd Limited Liability Company has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 18,131 shares. Commercial Bank Of Montreal Can holds 10,200 shares or 0% of its portfolio. Manufacturers Life Ins Co The invested in 0% or 11,443 shares. Blackrock Invest Management Ltd accumulated 67,853 shares. Schwab Charles Inv owns 25,300 shares. Barclays Public Limited holds 543 shares. Ny State Teachers Retirement Sys holds 0% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM) for 1,400 shares. North Star Asset Inc has invested 1.39% in Mercantile Bank Corp. (NASDAQ:MBWM).

Analysts await Mercantile Bank Corp. (NASDAQ:MBWM) to report earnings on July, 18 before the open. They expect $0.44 earnings per share, down 4.35% or $0.02 from last year’s $0.46 per share. MBWM’s profit will be $7.18 million for 17.91 P/E if the $0.44 EPS becomes a reality. After $0.46 actual earnings per share reported by Mercantile Bank Corp. for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank had 9 analyst reports since July 22, 2015 according to SRatingsIntel. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, January 18 report. As per Wednesday, July 22, the company rating was downgraded by Sandler O’Neill. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) earned “Hold” rating by Keefe Bruyette & Woods on Friday, May 26. The stock of Mercantile Bank Corp. (NASDAQ:MBWM) earned “Mkt Perform” rating by Raymond James on Tuesday, August 25. The firm has “Market Perform” rating given on Monday, November 21 by Hovde Group.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: