Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mercantile Bank Corp shares valued at $10,785 were sold by KAMINSKI ROBERT B on Apr 02 ’25. At $43.14 per share, KAMINSKI ROBERT B sold 250 shares. The insider’s holdings dropped to 78,236 shares worth approximately $3.18 million following the completion of this transaction.
Also, KAMINSKI ROBERT B sold 250 shares, netting a total of over 12,028 in proceeds. Following the sale of shares at $48.11 each, the insider now holds 78,486 shares.
Before that, Sanchez Nelson F had added 212 shares to its account. In a trade valued at $9,964, the Director bought Mercantile Bank Corp shares for $47.00 each. Upon closing the transaction, the insider’s holdings increased to 212 shares, worth approximately $0.1 million.
As published in a research note from Hovde Group on January 22, 2025, Mercantile Bank Corp [MBWM] has been rated up from a Market perform to an Outperform and the price target has been revised to $54. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of March 04, 2024, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for MBWM. Earlier on January 16, 2024, Janney upgraded its rating. Their new recommendation was “a Buy” for MBWM stock which previously was a “a Neutral”.
Analyzing MBWM Stock Performance
During the last five days, there has been a surge of approximately 4.76%. Over the course of the year, Mercantile Bank Corp shares have dropped approximately -8.56%. Shares of the company reached a 52-week high of $51.89 on 02/11/25 and a 52-week low of $37.76 on 04/11/25. A 50-day SMA is recorded $44.93, while a 200-day SMA reached $45.34.
Support And Resistance Levels for Mercantile Bank Corp (MBWM)
According to the 24-hour chart, there is a support level at 40.33, which, if violated, would cause prices to drop to 39.98. In the upper region, resistance lies at 41.00. The next price resistance is at 41.32. RSI (Relative Strength Index) is 42.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 54.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
