Morgan Stanley Has Lowered Mercantile Bank (MBWM) Position By $310,658; Osterweis Capital Management Increased By $723,240 Its Cavco Inds Del (CVCO) Position

January 14, 2018 - By Marguerite Chambers

Osterweis Capital Management Inc increased Cavco Inds Inc Del (CVCO) stake by 21.83% reported in 2017Q3 SEC filing. Osterweis Capital Management Inc acquired 4,920 shares as Cavco Inds Inc Del (CVCO)’s stock declined 2.45%. The Osterweis Capital Management Inc holds 27,456 shares with $4.05M value, up from 22,536 last quarter. Cavco Inds Inc Del now has $1.47 billion valuation. The stock increased 1.40% or $2.25 during the last trading session, reaching $163.25. About 25,844 shares traded. Cavco Industries, Inc. (NASDAQ:CVCO) has risen 19.38% since January 14, 2017 and is uptrending. It has outperformed by 2.68% the S&P500.

Morgan Stanley decreased Mercantile Bank Corp (MBWM) stake by 11.49% reported in 2017Q3 SEC filing. Morgan Stanley sold 9,137 shares as Mercantile Bank Corp (MBWM)’s stock declined 6.70%. The Morgan Stanley holds 70,377 shares with $2.46M value, down from 79,514 last quarter. Mercantile Bank Corp 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.




Since September 19, 2017, it had 0 insider buys, and 2 selling transactions for $840,904 activity. Shares for $410,043 were sold by Greenblatt David A.. Boor William C also sold $430,861 worth of Cavco Industries, Inc. (NASDAQ:CVCO) on Friday, December 15.

Investors sentiment decreased to 1.45 in Q3 2017. Its down 0.15, from 1.6 in 2017Q2. It dropped, as 12 investors sold CVCO shares while 39 reduced holdings. 22 funds opened positions while 52 raised stakes. 7.99 million shares or 1.12% less from 8.08 million shares in 2017Q2 were reported. California State Teachers Retirement Sys reported 13,664 shares. Parametric Port Associates Ltd Liability Corp holds 5,129 shares or 0% of its portfolio. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.03% in Cavco Industries, Inc. (NASDAQ:CVCO). Comerica Bancshares reported 9,200 shares. Ameriprise holds 101,837 shares. The Massachusetts-based Cadence Capital Mngmt Limited Liability has invested 0.15% in Cavco Industries, Inc. (NASDAQ:CVCO). Manufacturers Life Ins Company The accumulated 6,528 shares. 3,223 are held by Ubs Asset Management Americas. Arizona State Retirement invested in 0.01% or 4,400 shares. California-based Assetmark has invested 0% in Cavco Industries, Inc. (NASDAQ:CVCO). Louisiana State Employees Retirement Sys reported 3,400 shares. Credit Suisse Ag owns 10,508 shares. Shine Inv Advisory Serv holds 0% of its portfolio in Cavco Industries, Inc. (NASDAQ:CVCO) for 53 shares. Oppenheimer Asset stated it has 0.02% of its portfolio in Cavco Industries, Inc. (NASDAQ:CVCO). Bnp Paribas Arbitrage Sa has invested 0% in Cavco Industries, Inc. (NASDAQ:CVCO).

Osterweis Capital Management Inc decreased Inogen Inc (NASDAQ:INGN) stake by 9,245 shares to 14,578 valued at $1.39M in 2017Q3. It also reduced Charter Communications Inc N stake by 10,244 shares and now owns 75,198 shares. Four Corners Ppty Tr Inc was reduced too.

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.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.19, from 1.25 in 2017Q2. It dropped, 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. Dimensional Fund Advisors Lp accumulated 0.01% or 919,589 shares. 70,377 are held by Morgan Stanley. Greenleaf Trust holds 9,000 shares. Huntington Retail Bank reported 0.02% in Mercantile Bank Corporation (NASDAQ:MBWM). The Massachusetts-based State Street Corp has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). State Common Retirement Fund owns 17,700 shares for 0% of their portfolio. Fincl Bank Of Montreal Can reported 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Kennedy Capital Mgmt holds 0.09% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 142,990 shares. Moreover, Wells Fargo Mn has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). 15,191 are owned by Federated Investors Pa. 46,350 were reported by Victory Management. Alliancebernstein Limited Partnership has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Azimuth Cap Mngmt Lc holds 10,279 shares. Geode Capital Ltd Liability Com has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). The New York-based Citigroup has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM).

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. The company was initiated on Monday, November 21 by Hovde Group. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) earned “Buy” rating by DA Davidson on Monday, September 11. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The firm earned “Mkt Perform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The rating was downgraded by Sandler O’Neill to “Hold” on Wednesday, July 22. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) has “Hold” rating given on Tuesday, October 17 by Keefe Bruyette & Woods. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, January 3. The company was upgraded on Tuesday, August 25 by Raymond James. The stock of Mercantile Bank Corporation (NASDAQ:MBWM) earned “Mkt Perform” rating by Raymond James on Wednesday, January 18.

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