Mercantile Bank (MBWM) shareholder Thomas Sullivan, Sold $237,574 in Stock; Shorts at BEFIMMO SA ORDINARY SHARES BELGIUM (BFMOF) Lowered By 9.52%

March 6, 2018 - By Migdalia James

BEFIMMO SA ORDINARY SHARES BELGIUM (OTCMKTS:BFMOF) had a decrease of 9.52% in short interest. BFMOF’s SI was 9,500 shares in March as released by FINRA. Its down 9.52% from 10,500 shares previously. It closed at $62.25 lastly. It is down 0.00% since March 6, 2017 and is . It has underperformed by 16.70% the S&P500.

Looking at the deal Thomas Sullivan made he is in the bear’s eye today. The shareholder of Mercantile Bank Corp and an insider, made a sale of 6,930 shares worth $237,574 US Dollars. The average price was $34.3 per share. Published March 05, 2018, you can read more about the sale by referring to the following original Form 4 here. Currently, he holds 15,143 shares or 0.09% of Mercantile Bank Corp’s market cap.

Analysts await Mercantile Bank Corporation (NASDAQ:MBWM) to report earnings on April, 17. They expect $0.56 earnings per share, up 21.74% or $0.10 from last year’s $0.46 per share. MBWM’s profit will be $9.29M for 15.58 P/E if the $0.56 EPS becomes a reality. After $0.48 actual earnings per share reported by Mercantile Bank Corporation for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Since October 20, 2017, it had 0 insider purchases, and 2 insider sales for $614,071 activity. $216,298 worth of stock was sold by SULLIVAN THOMAS R on Thursday, October 26.

Among 6 analysts covering Mercantile Bank (NASDAQ:MBWM), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Mercantile Bank has $39.0 highest and $25 lowest target. $37.88’s average target is 8.57% above currents $34.89 stock price. Mercantile Bank had 18 analyst reports since July 22, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of MBWM in report on Tuesday, October 3 with “Hold” rating. On Wednesday, January 18 the stock rating was downgraded by Raymond James to “Mkt Perform”. As per Tuesday, November 29, the company rating was downgraded by Keefe Bruyette & Woods. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 17. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, July 22. As per Friday, May 26, the company rating was maintained by Keefe Bruyette & Woods. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Buy” rating given on Thursday, March 1 by Keefe Bruyette & Woods. DA Davidson upgraded the stock to “Buy” rating in Monday, September 11 report. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Market Perform” rating by Hovde Group on Monday, November 21.

Mercantile Bank Corporation operates as the bank holding firm for Mercantile Bank of Michigan that provides commercial banking services for small- to medium-sized businesses and individuals in the United States. The company has market cap of $578.90 million. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. It has a 18.38 P/E ratio. The firm also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection for its checking account customers.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.19, from 1.25 in 2017Q2. It fall, as 4 investors sold Mercantile Bank Corporation 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. Wellington Mgmt Group Ltd Liability Partnership accumulated 0% or 221,371 shares. Us Bankshares De has 1,627 shares for 0% of their portfolio. Banc Funds Ltd Liability Co, a Illinois-based fund reported 1.45 million shares. Blackrock invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Envestnet Asset Mgmt holds 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 7,813 shares. Pnc Services Gru Inc Inc, a Pennsylvania-based fund reported 1,861 shares. Schwab Charles Inv Mngmt Inc reported 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Emerald Mutual Fund Advisers holds 0.13% in Mercantile Bank Corporation (NASDAQ:MBWM) or 87,881 shares. Jpmorgan Chase And Company reported 31,925 shares or 0% of all its holdings. 35,368 are held by Huntington State Bank. Alliancebernstein L P invested in 18,800 shares. Voya Invest Mngmt Ltd Limited Liability Company invested in 6,013 shares. National Bank Of America Corporation De owns 40,384 shares. Renaissance Techs Limited Com has 686,915 shares for 0.03% of their portfolio. 37,863 are owned by Menta Llc.

The stock increased 0.40% or $0.14 during the last trading session, reaching $34.89. About 27,476 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 34.10% since March 6, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

Befimmo S.C.A. is a publicly owned real estate investment firm. The company has market cap of $. It primarily invests in the real estate markets of Brussels, other Belgian towns and cities and the Grand Duchy of Luxembourg. It currently has negative earnings. The firm makes investments in office buildings.

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