Professional Analysts at Cowen & Co. Kept their Buy rating for Sito Mobile Ltd (SITO). The TP is $8.5; Mercantile Bank (MBWM) Shorts Raised By 22.31%

November 15, 2017 - By Adrian Mccoy

Among 4 analysts covering SITO Mobile (SITO), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SITO Mobile has $10 highest and $400 lowest target. $7.83’s average target is 17.57% above

currents $6.66 stock price. SITO Mobile had 7 analyst reports since June 13, 2016 according to SRatingsIntel. The stock of Sito Mobile Ltd (NASDAQ:SITO) earned “Buy” rating by Maxim Group on Tuesday, August 15. Cowen & Co maintained Sito Mobile Ltd (NASDAQ:SITO) rating on Tuesday, August 15. Cowen & Co has “Buy” rating and $5.5 target. The firm has “Buy” rating by Maxim Group given on Monday, June 13. The rating was upgraded by Craig Hallum on Monday, October 30 to “Buy”. The firm earned “Buy” rating on Wednesday, September 27 by Maxim Group.

Mercantile Bank Corporation (NASDAQ:MBWM) had an increase of 22.31% in short interest. MBWM’s SI was 108,000 shares in November as released by FINRA. Its up 22.31% from 88,300 shares previously. With 37,600 avg volume, 3 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 0.75%. It closed at $35.09 lastly. It is down 34.10% since November 15, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

SITO Mobile, Ltd. operates a mobile location advertising platform serving businesses, advertisers and brands. The company has market cap of $164.19 million. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. It currently has negative earnings. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.

About 400 shares traded. Sito Mobile Ltd (SITO) has risen 51.06% since November 15, 2016 and is uptrending. It has outperformed by 34.36% the S&P500.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.01, from 1.26 in 2017Q1. It is negative, as 8 investors sold Mercantile Bank Corp. shares while 24 reduced holdings. 8 funds opened positions while 32 raised stakes. 8.59 million shares or 1.45% more from 8.47 million shares in 2017Q1 were reported. Bridgeway Management holds 46,100 shares or 0.02% of its portfolio. Envestnet Asset has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 7,185 shares. Lsv Asset Mgmt, Illinois-based fund reported 256,808 shares. California State Teachers Retirement Sys holds 0% or 28,533 shares in its portfolio. Meeder Asset Mngmt owns 282 shares. Manufacturers Life Insurance The reported 12,681 shares stake. Blackrock has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM). Plante Moran Financial Advsr Ltd Llc accumulated 10,438 shares or 0.21% of the stock. 22,000 are held by Strs Ohio. 33,325 are held by Jpmorgan Chase Co. Moreover, Geode Cap Ltd Llc has 0% invested in Mercantile Bank Corp. (NASDAQ:MBWM) for 137,789 shares. Legal And General Public Limited Liability Corporation invested in 0% or 3,898 shares. Bnp Paribas Arbitrage Sa holds 0% or 2,002 shares. Natl Bank Of Ny Mellon Corp holds 0% or 111,117 shares. Federated Pa holds 0% of its portfolio in Mercantile Bank Corp. (NASDAQ:MBWM) for 14,394 shares.

Mercantile Bank Corporation is a bank holding company. The company has market cap of $578.70 million. The Firm owns the Mercantile Bank of Michigan . It has a 18.39 P/E ratio. The Bank is a state banking company.

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