Keefe Bruyette raised the firm’s price target on Mercantile Bank (MBWM) to $57 from $56 and keeps an Outperform rating on the shares following the Q4 report. The firm says a more favorable margin guidance drives its estimates higher.
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Read More on MBWM:
- Mercantile Bank upgraded to Outperform from Market Perform at Hovde Group
- Mercantile Bank Reports Strong 2024 Financial Results
- Mercantile Bank Reports 2024 Financial Performance Highlights
- Mercantile Bank reports Q4 EPS $1.22, consensus $1.14
- Mercantile Bank increases quarterly dividend to 37c per share