EPS for The Bank of New York Mellon (BK) Expected At $0.99; Mercantile Bank (MBWM) Sellers Decreased By 19.05% Their Shorts

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Analysts expect The Bank of New York Mellon Corporation (NYSE:BK) to report $0.99 EPS on April, 18.They anticipate $0.11 EPS change or 10.00% from last quarter’s $1.1 EPS. BK’s profit would be $945.29M giving it 13.41 P/E if the $0.99 EPS is correct. After having $0.99 EPS previously, The Bank of New York Mellon Corporation’s analysts see 0.00% EPS growth. The stock increased 0.68% or $0.36 during the last trading session, reaching $53.12. About 9.61M shares traded or 73.85% up from the average. The Bank of New York Mellon Corporation (NYSE:BK) has declined 6.49% since March 17, 2018 and is downtrending. It has underperformed by 10.86% the S&P500. Some Historical BK News: 19/04/2018 – DJ Bank of New York Mellon Corporation, Inst Holders, 1Q 2018 (BK); 25/04/2018 – 36CP: Bank of New York Mellon: FRN Variable Rate Fix; 23/05/2018 – BNY Mellon to Speak at the 2018 Deutsche Bank Annual Global Financial Services Conference on May 30; 28/03/2018 – 87UC: Bank of New York Mellon: FRN Variable Rate Fix; 28/03/2018 – REG-Bank of New York Mellon Early Redemption; 19/04/2018 – BANK OF NEW YORK MELLON CORP – QTRLY TOTAL REVENUE OF $4.2 BILLION, INCREASED 9%; 27/03/2018 – 88LP: Bank of New York Mellon: FRN Variable Rate Fix; 05/03/2018 – REG-Bank of New York Mellon FRN Variable Rate Fix; 28/03/2018 – Bank of New York Mellon: Early Redemption; 23/03/2018 – 66VW: Bank of New York Mellon: FRN Variable Rate Fix

Mercantile Bank Corporation (NASDAQ:MBWM) had a decrease of 19.05% in short interest. MBWM’s SI was 117,300 shares in March as released by FINRA. Its down 19.05% from 144,900 shares previously. With 30,900 avg volume, 4 days are for Mercantile Bank Corporation (NASDAQ:MBWM)’s short sellers to cover MBWM’s short positions. The SI to Mercantile Bank Corporation’s float is 0.8%. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.97. About 68,907 shares traded or 49.34% up from the average. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 4.18% since March 17, 2018 and is uptrending. It has underperformed by 0.19% the S&P500. Some Historical MBWM News: 17/04/2018 – Mercantile Bank 1Q EPS 66c; 17/04/2018 – Mercantile Bank Corporation Declares Regular Cash Dividend; 22/04/2018 – DJ Mercantile Bank Corporation, Inst Holders, 1Q 2018 (MBWM); 10/05/2018 – Moody’s Assigns First-time B1 Ratings To Bangladesh-based Mercantile Bank Ltd; 21/03/2018 – Consolidated Research: 2018 Summary Expectations for First Foundation, Internap, Mercantile Bank, Diamond Hill Investment Group; 06/04/2018 – Mercantile Bank Closes Below 200-Day Moving Average: Technicals; 24/04/2018 – Mercantile Bank of Michigan and Abe AI Celebrate #FinHealthMatters Day with Launch of Groundbreaking Financial Management; 24/04/2018 – Mercantile Bank of Michigan and Abe Al Celebrate #FinHealthMatters Day with Launch of Groundbreaking Financial Management Technology; 17/04/2018 – Mercantile Bank 1Q EPS Boosted 16c by Items; 07/03/2018 – Mercantile Bank S. Africa Has About 60 Interested Buyers, Fin24

Among 4 analysts covering Bank of New York Mellon (NYSE:BK), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Bank of New York Mellon had 8 analyst reports since September 27, 2018 according to SRatingsIntel. On Wednesday, January 9 the stock rating was downgraded by Citigroup to “Neutral”. The firm earned “Buy” rating on Thursday, September 27 by Deutsche Bank. The firm has “Buy” rating given on Friday, March 15 by Deutsche Bank. The firm has “Buy” rating by Deutsche Bank given on Friday, November 16. The company was downgraded on Friday, October 19 by Wood. The rating was maintained by Citigroup with “Buy” on Friday, October 19. As per Friday, December 7, the company rating was maintained by Credit Suisse.

The Bank of New York Mellon Corporation provides financial services and products to institutions, firms, and high net worth individuals in the United States and internationally. The company has market cap of $50.72 billion. It operates through two divisions, Investment Management and Investment Services. It has a 13.15 P/E ratio. The firm offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services.

Investors sentiment is 0.74 in 2018 Q4. Its the same as in 2018Q3. It is flat, as 72 investors sold The Bank of New York Mellon Corporation shares while 319 reduced holdings. only 75 funds opened positions while 214 raised stakes. 813.09 million shares or 0.61% more from 808.18 million shares in 2018Q3 were reported. State Street holds 0.17% or 40.71M shares. 2,715 were reported by Barnett And Com. Loeb Prtn Corporation reported 3.41% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Blume Cap owns 5,250 shares or 0.14% of their US portfolio. Tiverton Asset Mgmt Ltd, Delaware-based fund reported 21,290 shares. Gabelli Funds Limited Com reported 2.66M shares. Kentucky Retirement Sys owns 39,569 shares or 0.2% of their US portfolio. Robeco Institutional Asset Mgmt Bv stated it has 0.07% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Engines Advsrs Ltd Liability Corporation invested in 0.08% or 242,892 shares. Westpac has 0% invested in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Advantage Inc has 0.05% invested in The Bank of New York Mellon Corporation (NYSE:BK). Minneapolis Mgmt Llc has 3.33% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 516,082 shares. Tennessee-based Green Square Capital has invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK). Northstar Grp Inc invested 0.47% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Korea-based Korea Investment Corporation has invested 0.17% in The Bank of New York Mellon Corporation (NYSE:BK).

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Seekingalpha.com which released: “Bank Of New York Mellon: Optimistic FY19 Price Target – Seeking Alpha” on February 24, 2019, also Investorplace.com with their article: “Buffett Goes Bigger on Banks, Pumps Brakes on Apple Stock – Investorplace.com” published on February 15, 2019, Bizjournals.com published: “BNY Mellon hits pause on changing work from home rules – Pittsburgh Business Times” on March 07, 2019. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Digitaljournal.com and their article: “BK Technologies, Inc. Announces Holding Company Reorganization NYSE American Ticker Symbol to Remain “BKTI” – Press Release – Digital Journal” published on March 11, 2019 as well as Seekingalpha.com‘s news article titled: “Tracking Nelson Peltz’s Trian Fund Management Portfolio – Q4 2018 Update – Seeking Alpha” with publication date: February 28, 2019.

Since November 7, 2018, it had 0 insider buys, and 3 sales for $120,217 activity. GRANT EDWARD B sold 2,000 shares worth $68,660. Wiersma Lonna had sold 1,000 shares worth $31,370 on Tuesday, November 20. 620 shares valued at $20,187 were sold by SULLIVAN THOMAS R on Wednesday, November 7.

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 $557.64 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 13.43 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 0.98 in Q4 2018. Its down 0.17, from 1.15 in 2018Q3. It dropped, as 13 investors sold Mercantile Bank Corporation shares while 29 reduced holdings. 13 funds opened positions while 28 raised stakes. 8.71 million shares or 1.18% less from 8.81 million shares in 2018Q3 were reported. Deutsche National Bank Ag stated it has 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Huntington Comml Bank has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Norris Perne And French Limited Liability Partnership Mi reported 0.07% in Mercantile Bank Corporation (NASDAQ:MBWM). Wells Fargo Company Mn reported 0% stake. Engineers Gate Manager L P invested in 7,267 shares. Azimuth Ltd Llc holds 10,279 shares or 0.02% of its portfolio. Rhumbline Advisers has invested 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). California State Teachers Retirement reported 25,142 shares stake. Wedge L L P Nc reported 40,800 shares stake. Washington-based Parametric Associate Limited has invested 0% in Mercantile Bank Corporation (NASDAQ:MBWM). Northern Corp, Illinois-based fund reported 210,621 shares. Banc Funds Ltd Liability Corp has 1.19 million shares for 2.58% of their portfolio. Envestnet Asset Management Incorporated holds 24,811 shares. American Group Incorporated holds 10,686 shares. Bnp Paribas Arbitrage Sa has 684 shares for 0% of their portfolio.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart