B
Mercantile Bank Corporation
MBWM
$39.45
-$0.56-1.40%
B
Buy
1/27/2025Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 1/27/2025 due to an increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 1/27/2025 due to an increase in the total return index and volatility index.
B
Buy
1/6/2025Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 1/6/2025 due to a large decline in the growth index, total return index and valuation index. Operating cash flow declined 188.77% from $9.11M to -$8.09M.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 1/6/2025 due to a large decline in the growth index, total return index and valuation index. Operating cash flow declined 188.77% from $9.11M to -$8.09M.
B
Buy
7/16/2024Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 7/16/2024 due to an increase in the volatility index and total return index.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 7/16/2024 due to an increase in the volatility index and total return index.
B
Buy
7/9/2024Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 7/9/2024 due to an increase in the total return index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 7/9/2024 due to an increase in the total return index.
C
Hold
6/14/2024Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 6/14/2024 due to a decline in the volatility index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 6/14/2024 due to a decline in the volatility index.
B
Buy
5/14/2024Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 5/14/2024 due to a decline in the volatility index, valuation index and efficiency index.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 5/14/2024 due to a decline in the volatility index, valuation index and efficiency index.
B
Buy
4/25/2024Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 4/25/2024 due to an increase in the volatility index and solvency index.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 4/25/2024 due to an increase in the volatility index and solvency index.
B
Buy
3/1/2024Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 3/1/2024 due to a decline in the total return index.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 3/1/2024 due to a decline in the total return index.
B
Buy
2/8/2024Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 2/8/2024 due to an increase in the total return index, growth index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 2/8/2024 due to an increase in the total return index, growth index and volatility index.
B
Buy
12/5/2023Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 12/5/2023 due to an increase in the total return index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 12/5/2023 due to an increase in the total return index.
C
Hold
11/20/2023Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 11/20/2023 due to a decline in the growth index, total return index and efficiency index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 11/20/2023 due to a decline in the growth index, total return index and efficiency index.
B
Buy
10/24/2023Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/24/2023 due to an increase in the total return index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/24/2023 due to an increase in the total return index.
C
Hold
10/9/2023Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 10/9/2023 due to a decline in the total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 10/9/2023 due to a decline in the total return index.
B
Buy
8/31/2023Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/31/2023 due to an increase in the total return index, volatility index and valuation index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/31/2023 due to an increase in the total return index, volatility index and valuation index.
C
Hold
8/16/2023Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 8/16/2023 due to a noticeable increase in the growth index and total return index. Operating cash flow increased 7.4% from $18.07M to $19.4M.
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 8/16/2023 due to a noticeable increase in the growth index and total return index. Operating cash flow increased 7.4% from $18.07M to $19.4M.
C
Hold
5/19/2023Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 5/19/2023 due to a decline in the growth index, volatility index and total return index. Operating cash flow declined 51.27% from $37.07M to $18.07M, earnings per share declined from $1.3691 to $1.31, and total revenue declined 0.32% from $54.91M to $54.74M.
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 5/19/2023 due to a decline in the growth index, volatility index and total return index. Operating cash flow declined 51.27% from $37.07M to $18.07M, earnings per share declined from $1.3691 to $1.31, and total revenue declined 0.32% from $54.91M to $54.74M.
C
Hold
5/3/2023Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 5/3/2023 due to a decline in the efficiency index, growth index and total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 5/3/2023 due to a decline in the efficiency index, growth index and total return index.
B
Buy
4/14/2023Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 4/14/2023 due to an increase in the volatility index, valuation index and growth index. Earnings per share increased from $1.01 to $1.3691, total revenue increased 17.51% from $46.73M to $54.91M, and operating cash flow increased 13.03% from $32.8M to $37.07M.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 4/14/2023 due to an increase in the volatility index, valuation index and growth index. Earnings per share increased from $1.01 to $1.3691, total revenue increased 17.51% from $46.73M to $54.91M, and operating cash flow increased 13.03% from $32.8M to $37.07M.
C
Hold
2/1/2023Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 2/1/2023 due to a decline in the total return index, valuation index and dividend index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 2/1/2023 due to a decline in the total return index, valuation index and dividend index.
B
Buy
12/21/2022Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 12/21/2022 due to an increase in the volatility index, valuation index and dividend index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 12/21/2022 due to an increase in the volatility index, valuation index and dividend index.
C
Hold
12/6/2022Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 12/6/2022 due to a decline in the valuation index, total return index and solvency index. Debt to equity increased from 1.68 to 1.69.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 12/6/2022 due to a decline in the valuation index, total return index and solvency index. Debt to equity increased from 1.68 to 1.69.
B
Buy
10/24/2022Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/24/2022 due to an increase in the efficiency index, valuation index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/24/2022 due to an increase in the efficiency index, valuation index and volatility index.
C
Hold
9/1/2022Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 9/1/2022 due to a decline in the valuation index, efficiency index and growth index. Operating cash flow declined 20.72% from $27.89M to $22.11M.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 9/1/2022 due to a decline in the valuation index, efficiency index and growth index. Operating cash flow declined 20.72% from $27.89M to $22.11M.
B
Buy
8/3/2022Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/3/2022 due to an increase in the volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/3/2022 due to an increase in the volatility index.
C
Hold
6/29/2022Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 6/29/2022 due to a substantial decline in the growth index, solvency index and volatility index. Operating cash flow declined 38.58% from $45.4M to $27.89M, total revenue declined 17.51% from $48.57M to $40.06M, and debt to equity increased from 1.53 to 1.68.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 6/29/2022 due to a substantial decline in the growth index, solvency index and volatility index. Operating cash flow declined 38.58% from $45.4M to $27.89M, total revenue declined 17.51% from $48.57M to $40.06M, and debt to equity increased from 1.53 to 1.68.
B
Buy
10/19/2021Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/19/2021 due to an increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 10/19/2021 due to an increase in the total return index and volatility index.
C
Hold
10/1/2021Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 10/1/2021 due to an increase in the total return index.
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 10/1/2021 due to an increase in the total return index.
C
Hold
9/15/2021Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 9/15/2021 due to a decline in the volatility index and total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 9/15/2021 due to a decline in the volatility index and total return index.
C
Hold
8/23/2021Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 8/23/2021 due to a decline in the total return index, volatility index and valuation index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 8/23/2021 due to a decline in the total return index, volatility index and valuation index.
B
Buy
8/6/2021Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/6/2021 due to a significant increase in the growth index, valuation index and total return index. Operating cash flow increased 1,760.8% from -$1.42M to $23.6M, earnings per share increased from $0.87 to $1.12, and total revenue increased 13.66% from $42.7M to $48.53M.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 8/6/2021 due to a significant increase in the growth index, valuation index and total return index. Operating cash flow increased 1,760.8% from -$1.42M to $23.6M, earnings per share increased from $0.87 to $1.12, and total revenue increased 13.66% from $42.7M to $48.53M.
C
Hold
4/6/2021Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 4/6/2021 due to a noticeable increase in the total return index, volatility index and efficiency index. Net income increased 31.78% from $10.69M to $14.08M, and total capital increased 2.7% from $455.8M to $468.11M.
Mercantile Bank Corporation (MBWM) was upgraded to C+ from C on 4/6/2021 due to a noticeable increase in the total return index, volatility index and efficiency index. Net income increased 31.78% from $10.69M to $14.08M, and total capital increased 2.7% from $455.8M to $468.11M.
C
Hold
12/15/2020Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to C from C- on 12/15/2020 due to an increase in the volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to C from C- on 12/15/2020 due to an increase in the volatility index.
C
Hold
4/15/2020Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C- from C on 4/15/2020 due to a noticeable decline in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was downgraded to C- from C on 4/15/2020 due to a noticeable decline in the total return index and volatility index.
C
Hold
3/9/2020Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 3/9/2020 due to a noticeable decline in the volatility index and total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C from C+ on 3/9/2020 due to a noticeable decline in the volatility index and total return index.
C
Hold
2/10/2020Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 2/10/2020 due to a decline in the volatility index, total return index and growth index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 2/10/2020 due to a decline in the volatility index, total return index and growth index.
B
Buy
12/5/2019Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 12/5/2019 due to a decline in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 12/5/2019 due to a decline in the total return index and volatility index.
B
Buy
11/20/2019Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 11/20/2019 due to an increase in the total return index, volatility index and efficiency index. Net income increased 7.55% from $11.72M to $12.6M, and total capital increased 1.59% from $412.84M to $419.42M.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 11/20/2019 due to an increase in the total return index, volatility index and efficiency index. Net income increased 7.55% from $11.72M to $12.6M, and total capital increased 1.59% from $412.84M to $419.42M.
B
Buy
9/12/2019Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 9/12/2019 due to an increase in the volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 9/12/2019 due to an increase in the volatility index.
C
Hold
8/28/2019Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 8/28/2019 due to a decline in the volatility index and total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 8/28/2019 due to a decline in the volatility index and total return index.
B
Buy
5/21/2019Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 5/21/2019 due to a large decline in the growth index and total return index. Operating cash flow declined 90.89% from $26.85M to $2.45M, and total revenue declined 0.46% from $35.29M to $35.13M.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 5/21/2019 due to a large decline in the growth index and total return index. Operating cash flow declined 90.89% from $26.85M to $2.45M, and total revenue declined 0.46% from $35.29M to $35.13M.
B
Buy
5/1/2019Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 5/1/2019 due to an increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B from B- on 5/1/2019 due to an increase in the total return index and volatility index.
B
Buy
4/8/2019Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 4/8/2019 due to an increase in the volatility index, growth index and efficiency index. Operating cash flow increased 98.28% from $13.54M to $26.85M, earnings per share increased from $0.6094 to $0.6975, and net income increased 14.33% from $10.12M to $11.57M.
Mercantile Bank Corporation (MBWM) was upgraded to B- from C+ on 4/8/2019 due to an increase in the volatility index, growth index and efficiency index. Operating cash flow increased 98.28% from $13.54M to $26.85M, earnings per share increased from $0.6094 to $0.6975, and net income increased 14.33% from $10.12M to $11.57M.
C
Hold
12/13/2018Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 12/13/2018 due to a decline in the volatility index and total return index.
Mercantile Bank Corporation (MBWM) was downgraded to C+ from B- on 12/13/2018 due to a decline in the volatility index and total return index.
B
Buy
11/21/2018Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 11/21/2018 due to a noticeable decline in the volatility index, total return index and solvency index. Debt to equity increased from 0.99 to 1.05.
Mercantile Bank Corporation (MBWM) was downgraded to B- from B on 11/21/2018 due to a noticeable decline in the volatility index, total return index and solvency index. Debt to equity increased from 0.99 to 1.05.
B
Buy
9/19/2018Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 9/19/2018 due to a noticeable decline in the growth index, total return index and volatility index. Operating cash flow declined 36.31% from $13.05M to $8.31M, earnings per share declined from $0.6557 to $0.569, and total revenue declined 4.35% from $34.58M to $33.08M.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 9/19/2018 due to a noticeable decline in the growth index, total return index and volatility index. Operating cash flow declined 36.31% from $13.05M to $8.31M, earnings per share declined from $0.6557 to $0.569, and total revenue declined 4.35% from $34.58M to $33.08M.
B
Buy
8/7/2018Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B+ from A- on 8/7/2018 due to a decline in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was downgraded to B+ from A- on 8/7/2018 due to a decline in the total return index and volatility index.
A
Buy
6/8/2018Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to A- from B+ on 6/8/2018 due to an increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to A- from B+ on 6/8/2018 due to an increase in the total return index and volatility index.
B
Buy
5/10/2018Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 5/10/2018 due to an increase in the volatility index, valuation index and efficiency index. Net income increased 36.37% from $7.98M to $10.88M, and total capital increased 2.14% from $379.42M to $387.52M.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 5/10/2018 due to an increase in the volatility index, valuation index and efficiency index. Net income increased 36.37% from $7.98M to $10.88M, and total capital increased 2.14% from $379.42M to $387.52M.
B
Buy
1/31/2018Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 1/31/2018 due to a noticeable decline in the total return index.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 1/31/2018 due to a noticeable decline in the total return index.
B
Buy
11/8/2017Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 11/8/2017 due to a substantial increase in the total return index, growth index and solvency index. Earnings per share increased from $0.4458 to $0.5058, operating cash flow increased 12.22% from $8.08M to $9.06M, and total revenue increased 5.79% from $30.49M to $32.25M.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 11/8/2017 due to a substantial increase in the total return index, growth index and solvency index. Earnings per share increased from $0.4458 to $0.5058, operating cash flow increased 12.22% from $8.08M to $9.06M, and total revenue increased 5.79% from $30.49M to $32.25M.
B
Buy
4/17/2017Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 4/17/2017 due to a substantial decline in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 4/17/2017 due to a substantial decline in the total return index and volatility index.
B
Buy
3/29/2017Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 3/29/2017 due to an increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 3/29/2017 due to an increase in the total return index and volatility index.
B
Buy
3/9/2017Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 3/9/2017 due to a large decline in the total return index and solvency index.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 3/9/2017 due to a large decline in the total return index and solvency index.
B
Buy
2/28/2017Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 2/28/2017 due to a major increase in the total return index and volatility index.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 2/28/2017 due to a major increase in the total return index and volatility index.
B
Buy
2/13/2017Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 2/13/2017 due to a major decline in the total return index.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 2/13/2017 due to a major decline in the total return index.
B
Buy
1/27/2017Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 1/27/2017 due to a noticeable increase in the total return index, volatility index and valuation index.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 1/27/2017 due to a noticeable increase in the total return index, volatility index and valuation index.
B
Buy
12/28/2016Downgrade
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 12/28/2016 due to a decline in the total return index, valuation index and dividend index.
Mercantile Bank Corporation (MBWM) was downgraded to B from B+ on 12/28/2016 due to a decline in the total return index, valuation index and dividend index.
B
Buy
12/13/2016Upgraded
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 12/13/2016 due to a noticeable increase in the total return index, growth index and efficiency index. Operating cash flow increased 10.66% from $5.74M to $6.35M, net income increased 5.53% from $7.43M to $7.85M, and earnings per share increased from $0.4577 to $0.48.
Mercantile Bank Corporation (MBWM) was upgraded to B+ from B on 12/13/2016 due to a noticeable increase in the total return index, growth index and efficiency index. Operating cash flow increased 10.66% from $5.74M to $6.35M, net income increased 5.53% from $7.43M to $7.85M, and earnings per share increased from $0.4577 to $0.48.
B
Buy
10/17/2016Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 10/17/2016 due to a noticeable decline in the growth index, valuation index and solvency index. Operating cash flow declined 42.98% from $10.07M to $5.74M, debt to equity increased from 0.9 to 1.04, and earnings per share declined from $0.52 to $0.4577.
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 10/17/2016 due to a noticeable decline in the growth index, valuation index and solvency index. Operating cash flow declined 42.98% from $10.07M to $5.74M, debt to equity increased from 0.9 to 1.04, and earnings per share declined from $0.52 to $0.4577.
B
Buy
6/8/2016Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to B+ from B on 6/8/2016 due to a noticeable increase in the total return index, growth index and volatility index. Earnings per share increased from $0.3893 to $0.52, and total revenue increased 0.66% from $29.21M to $29.4M.
Mercantile Bank Corp. (MBWM) was upgraded to B+ from B on 6/8/2016 due to a noticeable increase in the total return index, growth index and volatility index. Earnings per share increased from $0.3893 to $0.52, and total revenue increased 0.66% from $29.21M to $29.4M.
B
Buy
3/11/2016Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B from A on 3/11/2016 due to a substantial decline in the volatility index, total return index and valuation index.
Mercantile Bank Corp. (MBWM) was downgraded to B from A on 3/11/2016 due to a substantial decline in the volatility index, total return index and valuation index.
A
Buy
3/9/2016Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to A from A- on 3/9/2016 due to a major increase in the growth index, total return index and valuation index.
Mercantile Bank Corp. (MBWM) was upgraded to A from A- on 3/9/2016 due to a major increase in the growth index, total return index and valuation index.
A
Buy
11/11/2015Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to A- from B on 11/11/2015 due to a significant increase in the growth index, volatility index and total return index. Operating cash flow increased 43.33% from $7.3M to $10.46M, earnings per share increased from $0.39 to $0.4466, and total revenue increased 2.49% from $29.66M to $30.4M.
Mercantile Bank Corp. (MBWM) was upgraded to A- from B on 11/11/2015 due to a significant increase in the growth index, volatility index and total return index. Operating cash flow increased 43.33% from $7.3M to $10.46M, earnings per share increased from $0.39 to $0.4466, and total revenue increased 2.49% from $29.66M to $30.4M.
B
Buy
11/2/2015Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 11/2/2015 due to an increase in the volatility index and total return index.
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 11/2/2015 due to an increase in the volatility index and total return index.
B
Buy
8/10/2015Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 8/10/2015 due to a decline in the growth index, solvency index and total return index. Operating cash flow declined 6.5% from $7.81M to $7.3M, and debt to equity increased from 0.75 to 0.77.
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 8/10/2015 due to a decline in the growth index, solvency index and total return index. Operating cash flow declined 6.5% from $7.81M to $7.3M, and debt to equity increased from 0.75 to 0.77.
B
Buy
6/19/2015Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 6/19/2015 due to an increase in the volatility index and total return index.
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 6/19/2015 due to an increase in the volatility index and total return index.
B
Buy
6/4/2015Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 6/4/2015 due to a decline in the volatility index and valuation index.
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 6/4/2015 due to a decline in the volatility index and valuation index.
B
Buy
5/20/2015Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 5/20/2015 due to an increase in the volatility index, efficiency index and solvency index. Debt to equity declined from 0.84 to 0.75, net income increased 5.61% from $6.29M to $6.65M, and total capital increased 3.94% from $334.79M to $348M.
Mercantile Bank Corp. (MBWM) was upgraded to B from B- on 5/20/2015 due to an increase in the volatility index, efficiency index and solvency index. Debt to equity declined from 0.84 to 0.75, net income increased 5.61% from $6.29M to $6.65M, and total capital increased 3.94% from $334.79M to $348M.
B
Buy
3/30/2015Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 3/30/2015 due to a noticeable decline in the volatility index, growth index and valuation index. Total revenue declined 2.67% from $29.29M to $28.51M.
Mercantile Bank Corp. (MBWM) was downgraded to B- from B on 3/30/2015 due to a noticeable decline in the volatility index, growth index and valuation index. Total revenue declined 2.67% from $29.29M to $28.51M.
B
Buy
1/12/2015Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 1/12/2015 due to a decline in the volatility index.
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 1/12/2015 due to a decline in the volatility index.
B
Buy
12/26/2014Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to B+ from B on 12/26/2014 due to an increase in the volatility index.
Mercantile Bank Corp. (MBWM) was upgraded to B+ from B on 12/26/2014 due to an increase in the volatility index.
B
Buy
12/10/2014Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 12/10/2014 due to a noticeable decline in the total return index, volatility index and valuation index.
Mercantile Bank Corp. (MBWM) was downgraded to B from B+ on 12/10/2014 due to a noticeable decline in the total return index, volatility index and valuation index.
B
Buy
8/12/2014Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to B+ from A- on 8/12/2014 due to a substantial decline in the growth index, valuation index and volatility index. Operating cash flow declined 1,006.97% from $502 to -$4.55M, and earnings per share declined from $0.4097 to $0.13.
Mercantile Bank Corp. (MBWM) was downgraded to B+ from A- on 8/12/2014 due to a substantial decline in the growth index, valuation index and volatility index. Operating cash flow declined 1,006.97% from $502 to -$4.55M, and earnings per share declined from $0.4097 to $0.13.
A
Buy
7/30/2014Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to A- from A on 7/30/2014 due to a noticeable decline in the volatility index.
Mercantile Bank Corp. (MBWM) was downgraded to A- from A on 7/30/2014 due to a noticeable decline in the volatility index.
A
Buy
6/4/2014Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to A from A+ on 6/4/2014 due to a decline in the volatility index.
Mercantile Bank Corp. (MBWM) was downgraded to A from A+ on 6/4/2014 due to a decline in the volatility index.
A
Buy
5/20/2014Upgraded
Mercantile Bank Corp. (MBWM) was upgraded to A+ from A on 5/20/2014 due to an increase in the efficiency index and volatility index.
Mercantile Bank Corp. (MBWM) was upgraded to A+ from A on 5/20/2014 due to an increase in the efficiency index and volatility index.
A
Buy
5/5/2014Downgrade
Mercantile Bank Corp. (MBWM) was downgraded to A from A+ on 5/5/2014 due to a decline in the growth index and volatility index. Operating cash flow declined 92.32% from $6.54M to $502, earnings per share declined from $0.59 to $0.4097, and total revenue declined 13.8% from $16.79M to $14.47M.
Mercantile Bank Corp. (MBWM) was downgraded to A from A+ on 5/5/2014 due to a decline in the growth index and volatility index. Operating cash flow declined 92.32% from $6.54M to $502, earnings per share declined from $0.59 to $0.4097, and total revenue declined 13.8% from $16.79M to $14.47M.
NASDAQ
04/04/2025 4:00PM Eastern
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