MERCANTILE BANK CORP stock forecast: up to 33.61 USD MBWM stock price prognosis

STOCK

Forecast for Fri 28 Jan 2022 price 31.48

MERCANTILE BANK CORP stock price forecast for further price development up to 0.86% (time horizon: 1 day) and price target of 33.61 USD. Short-term (time horizon: 2 weeks) MERCANTILE BANK CORP share price prediction for 2022-01-28 with daily closed price projections

Key Facts

Symbol MBWM 

ISIN US5873761044 

CUSIP 587376104


Currency USD


Category State Commercial Banks

Forecast price change %

Finance numbers

Revenue 197,249,000.0


Earnings per share 2.93


Dividends 1.13

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.

Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 65.10/100
    • Historical view, profit is not growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
PARAMETRIC PORTFOLIO ASSOCIATES LLC 2021-03-31 60005
HRT FINANCIAL LP 2021-03-31 19467
MILLENNIUM MANAGEMENT LLC 2021-03-31 8137
OBERWEIS ASSET MANAGEMENT INC/ 2021-03-31 36472
STRS OHIO 2021-06-30 21900

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Fidelity Concord Street Trust 2021-05-31 23539 Long
Thrivent Mutual Funds 2021-04-30 3867 Long
Thrivent Mutual Funds 2021-04-30 2961 Long
Thrivent Mutual Funds 2021-04-30 3969 Long
Thrivent Mutual Funds 2021-04-30 726 Long

Insider trading for MERCANTILE BANK CORP

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1675913 Worthington Robert T. 2021-06-03 BUY Accept Accept Accept Accept
1742119 Wiersma Lonna 2021-11-05 SALE Accept 0 0 0

MERCANTILE BANK CORP Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.


On-Balance Volume information for MERCANTILE BANK CORP. On-Balance Volume information can be an indicator for bullish or bearish outcome.


Accumulation / Distribution (A/D) indicator information for MERCANTILE BANK CORP. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for MERCANTILE BANK CORP. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for MERCANTILE BANK CORP. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for MERCANTILE BANK CORP. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for MERCANTILE BANK CORP. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for MERCANTILE BANK CORP. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


52W High 52W Low Market Cap

Similar shares


MERCANTILE BANK CORP on Nasdaq

MERCANTILE BANK CORP on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2021-12-06 33.61 2021-12-04 02:39
2021-12-07 33.14 2021-12-04 02:39
2021-12-08 33.15 2021-12-04 02:39
2021-12-09 32.96 2021-12-04 02:39
2021-12-10 32.92 2021-12-04 02:39
2021-12-13 32.98 2021-12-04 02:39
2021-12-14 32.58 2021-12-04 02:39
2021-12-15 32.65 2021-12-04 02:39
2021-12-16 32.59 2021-12-04 02:39
2021-12-17 32.54 2021-12-04 02:39
2021-12-20 32.43 2021-12-04 02:39
2021-12-21 32.27 2021-12-04 02:39
2021-12-22 32.33 2021-12-04 02:39
2021-12-23 32.23 2021-12-04 02:39
2021-12-24 32.29 2021-12-04 02:39
2021-12-27 32.22 2021-12-04 02:39
2021-12-28 32.15 2021-12-04 02:39
2021-12-29 32.15 2021-12-04 02:39
2021-12-30 32.04 2021-12-04 02:39
2021-12-31 32.04 2021-12-04 02:39
2022-01-03 31.99 2021-12-04 02:39
2022-01-04 32.00 2021-12-04 02:39
2022-01-05 31.94 2021-12-04 02:39
2022-01-06 31.89 2021-12-04 02:39
2022-01-07 31.89 2021-12-04 02:39
2022-01-10 31.84 2021-12-04 02:39
2022-01-12 31.78 2021-12-04 02:39
2022-01-11 31.83 2021-12-04 02:39
2022-01-13 31.76 2021-12-04 02:39
2022-01-14 31.74 2021-12-04 02:39
2022-01-17 31.71 2021-12-04 02:39
2022-01-18 31.69 2021-12-04 02:39
2022-01-19 31.65 2021-12-04 02:39
2022-01-20 31.64 2021-12-04 02:39
2022-01-21 31.60 2021-12-04 02:39
2022-01-24 31.58 2021-12-04 02:39
2022-01-25 31.56 2021-12-04 02:39
2022-01-26 31.53 2021-12-04 02:39
2022-01-27 31.51 2021-12-04 02:39
2022-01-28 31.48 2021-12-04 02:39