Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
41.84
-0.23 (-0.55%)
Apr 25, 2025, 4:00 PM EDT - Market closed
Mercantile Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 52.25, with a low estimate of 47.5 and a high estimate of 57. The average target predicts an increase of 24.88% from the current stock price of 41.84.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Mercantile Bank 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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | +13.53% | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +36.23% | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +33.84% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +21.89% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +26.67% | Jul 17, 2024 |
Financial Forecast
Revenue This Year
241.81M
from 224.08M
Increased by 7.91%
Revenue Next Year
252.02M
from 241.81M
Increased by 4.22%
EPS This Year
4.93
from 4.93
Decreased by -0.05%
EPS Next Year
5.05
from 4.93
Increased by 2.42%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 251.9M | 268.0M |
| Avg | 241.8M | 252.0M |
| Low | 227.9M | 227.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 12.4% | 10.8% |
| Avg | 7.9% | 4.2% |
| Low | 1.7% | -5.8% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.27 | 5.35 |
| Avg | 4.93 | 5.05 |
| Low | 4.56 | 4.61 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 6.9% | 8.7% |
| Avg | -0.1% | 2.4% |
| Low | -7.6% | -6.5% |
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.