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North Star Asset Management Has Decreased Mercantile Bank (MBWM) Stake; Last Week GSV Capital Corp. (GSVC) Coverage

North Star Asset Management Inc decreased Mercantile Bank (MBWM) stake by 5.26% reported in 2017Q3 SEC filing. North Star Asset Management Inc sold 16,655 shares as Mercantile Bank (MBWM)’s stock declined 6.70%. The North Star Asset Management Inc holds 299,761 shares with $10.46M value, down from 316,416 last quarter. Mercantile Bank now has $617.62M valuation. The stock increased 2.21% or $0.81 during the last trading session, reaching $37.45. About 32,979 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 34.10% since January 14, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

Among 2 analysts covering GSV Capital Corp (NASDAQ:GSVC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. GSV Capital Corp had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Barrington Research with “Outperform” on Tuesday, August 11. The stock has “Market Perform” rating by JMP Securities on Monday, January 4. The firm has “” rating by Wunderlich given on Wednesday, May 18. Northland Capital maintained GSV Capital Corp. (NASDAQ:GSVC) rating on Tuesday, February 16. Northland Capital has “Outperform” rating and $10 target. See GSV Capital Corp. (NASDAQ:GSVC) latest ratings:

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.19, from 1.25 in 2017Q2. It is negative, as 4 investors sold MBWM shares while 30 reduced holdings. 10 funds opened positions while 26 raised stakes. 8.49 million shares or 1.21% less from 8.59 million shares in 2017Q2 were reported. Fifth Third Bank holds 0% or 4,755 shares in its portfolio. Legal & General Grp Plc, United Kingdom-based fund reported 4,333 shares. Moreover, Invesco Limited has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 22,435 shares. Credit Suisse Ag stated it has 25,323 shares or 0% of all its holdings. 2,803 were accumulated by Citigroup Inc. Azimuth Ltd Limited Liability Company holds 0.03% in Mercantile Bank Corporation (NASDAQ:MBWM) or 10,279 shares. Jpmorgan Chase has 31,925 shares. Parametric Associates Ltd Liability Company reported 15,562 shares stake. California State Teachers Retirement holds 25,757 shares or 0% of its portfolio. Tributary Mngmt Llc accumulated 0.89% or 295,376 shares. Renaissance Ltd Liability Company accumulated 686,915 shares or 0.03% of the stock. Menta Cap Ltd Liability Company accumulated 37,863 shares. Moreover, Cornerstone Cap has 0.01% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 50,353 shares. Lvm Capital Mi holds 0.1% or 12,218 shares in its portfolio. National Bank & Trust Of Montreal Can accumulated 10,000 shares.

Analysts await Mercantile Bank Corporation (NASDAQ:MBWM) to report earnings on January, 16. They expect $0.50 EPS, up 2.04% or $0.01 from last year’s $0.49 per share. MBWM’s profit will be $8.25M for 18.73 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by Mercantile Bank Corporation for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Since October 20, 2017, it had 0 insider purchases, and 2 sales for $614,071 activity. SULLIVAN THOMAS R had sold 10,739 shares worth $397,773 on Friday, October 20.

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank had 15 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, September 28 the stock rating was downgraded by DA Davidson to “Neutral”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The company was upgraded on Monday, September 11 by DA Davidson. As per Wednesday, January 3, the company rating was maintained by Sandler O’Neill. The company was downgraded on Tuesday, November 29 by Keefe Bruyette & Woods. Sandler O’Neill downgraded the stock to “Hold” rating in Wednesday, July 22 report. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 17. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Mkt Perform” rating given on Tuesday, August 25 by Raymond James. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, May 26 report. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, January 18 report.

North Star Asset Management Inc increased Hologic Inc (NASDAQ:HOLX) stake by 25,372 shares to 194,848 valued at $7.15M in 2017Q3. It also upped Rpm (NYSE:RPM) stake by 6,177 shares and now owns 168,025 shares. Walt Disney Co (NYSE:DIS) was raised too.

The stock increased 3.13% or $0.24 during the last trading session, reaching $7.92. About 655,682 shares traded or 291.38% up from the average. GSV Capital Corp. (NASDAQ:GSVC) has declined 10.12% since January 14, 2017 and is downtrending. It has underperformed by 26.82% the S&P500.

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