The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mercantile Bank Corp shares valued at $10,712 were sold by KAMINSKI ROBERT B on May 02 ’25. At $42.85 per share, KAMINSKI ROBERT B sold 250 shares. The insider’s holdings dropped to 77,986 shares worth approximately $3.4 million following the completion of this transaction.
Also, KAMINSKI ROBERT B sold 250 shares, netting a total of over 10,785 in proceeds. Following the sale of shares at $43.14 each, the insider now holds 78,236 shares.
Before that, KAMINSKI ROBERT B had sold 250 shares from its account. In a trade valued at $12,028, the Director traded Mercantile Bank Corp shares for $48.11 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $3.42 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
On last trading session,, Mercantile Bank Corp [NASDAQ: MBWM] rose 1.07% to $43.56. The stock’s lowest price that day was $42.85, but it reached a high of $43.96 in the same session. During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Mercantile Bank Corp shares have dropped approximately -2.09%. 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.
Support And Resistance Levels for Mercantile Bank Corp (MBWM)
According to the 24-hour chart, there is a support level at 42.95, which, if violated, would cause prices to drop to 42.34. In the upper region, resistance lies at 44.07. The next price resistance is at 44.58. RSI (Relative Strength Index) is 46.46 on the 14-day chart, showing neutral technical sentiment.
Is Mercantile Bank Corp subject to short interest?
Stocks of Mercantile Bank Corp saw a sharp steep in short interest on 2025-05-30 dropping by 4590.0 shares to 0.14 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 0.14 million shares. A decline of -3.3% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.07 of the overall float, the days-to-cover ratio (short ratio) decline to 3.07.
