Mercantile Bank's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Mercantile Bank (NASDAQ:MBWM) is set to release its quarterly earnings report on October 17, 2023. Analysts estimate an EPS of $1.16. The bank's past performance shows it beat EPS estimates last quarter, resulting in a 3.12% share price increase. However, the bank's shares have been generally negative over the last 52-week period, down 1.48%.
October 16, 2023 | 2:01 pm
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Mercantile Bank's upcoming earnings report could impact its stock price. The bank's past performance shows it beat EPS estimates last quarter, which led to a 3.12% share price increase. However, the bank's shares have been generally negative over the last 52-week period, down 1.48%.
The upcoming earnings report is a significant event for Mercantile Bank. If the bank beats the EPS estimate as it did last quarter, it could lead to a positive impact on the stock price. However, the bank's shares have been generally negative over the last 52-week period, which could influence investor sentiment.
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