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By The Online Investor Staff, updated Tue., May. 21, 8:38 AM
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Stock Buybacks
| This Slide: #23 of 25 |
Slide #23. Mercantile Bank Corporation
Company:
Mercantile Bank Corporation (NASDAQ:MBWM)
$Amount Authorized:
$20,000,000
Buyback Details:
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that its Board of Directors has authorized a new stock repurchase program. Under this program, Mercantile may repurchase up to $20 million in aggregate value of its shares of common stock.
Mercantile Bank is a bank holding company. Through its subsidiary, Mercantile Bank of Michigan (the bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. The bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The bank enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. As of Dec 31 2017, Co. had total assets of $3,286,704,000 and total deposits of $2,522,365,000.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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