Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · IEX Real-Time Price · USD
47.96
+0.10 (0.21%)
At close: Jul 19, 2024, 4:00 PM
48.05
+0.09 (0.19%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Mercantile Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 52, with a low estimate of 51 and a high estimate of 53. The average target predicts an increase of 8.42% from the current stock price of 47.96.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MBWM stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 1 | 1 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +6.34% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +10.51% | Jul 17, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 | Buy | Reiterates | $47 | -2.00% | Apr 17, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | -16.60% | Mar 7, 2023 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jan 18, 2023 |
Financial Forecast
Revenue This Year
231.49M
from 217.99M
Increased by 6.19%
Revenue Next Year
232.21M
from 231.49M
Increased by 0.31%
EPS This Year
4.87
from 5.13
Decreased by -5.16%
EPS Next Year
4.49
from 4.87
Decreased by -7.63%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 239.4M | 241.5M |
| Avg | 231.5M | 232.2M |
| Low | 221.0M | 221.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.8% | 4.3% |
| Avg | 6.2% | 0.3% |
| Low | 1.4% | -4.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 5.16 | 4.69 |
| Avg | 4.87 | 4.49 |
| Low | 4.56 | 4.17 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 0.5% | -3.5% |
| Avg | -5.2% | -7.6% |
| Low | -11.2% | -14.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.