Raymond James Upgrades Mercantile Bank to Strong Buy, Announces $44 Price Target
Raymond James analyst Daniel Tamayo upgrades Mercantile Bank (NASDAQ:MBWM) from Outperform to Strong Buy and announces $44 price target.
Recap: Mercantile Bank Q4 Earnings
Mercantile Bank (NASDAQ:MBWM) reported its Q4 earnings results on Tuesday, January 18, 2022 at 05:01 AM.
Here's what investors need to know about the announcement.
Preview: Mercantile Bank’s Earnings
Mercantile Bank (NASDAQ:MBWM) is set to give its latest quarterly earnings report on Tuesday, 2022-01-18. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will likely report an Earnings Per Share (EPS) of $0.86.
Earnings Scheduled For October 19, 2021
Companies Reporting Before The Bell
• Signature Bank (NASDAQ:SBNY) is likely to report quarterly earnings at $3.72 per share on revenue of $513.37 million.
A Look Into Financial Services Sector Value Stocks
What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Recap: Mercantile Bank Q2 Earnings
Shares of Mercantile Bank (NASDAQ:MBWM) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share rose 107.41% year over year to $1.12, which beat the estimate of $0.74.
Earnings Scheduled For July 20, 2021
Companies Reporting Before The Bell
• Signature Bank (NASDAQ:SBNY) is likely to report quarterly earnings at $3.14 per share on revenue of $466.52 million.
Mercantile Bank’s Earnings Outlook
On Tuesday, July 20, Mercantile Bank (NASDAQ:MBWM) will release its latest earnings report. Benzinga's outlook for Mercantile Bank is included in the following report.
Earnings Scheduled For April 20, 2021
Companies Reporting Before The Bell
• GATX (NYSE:GATX) is projected to report quarterly earnings at $0.85 per share on revenue of $303.17 million.