Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
43.42
-1.35 (-3.03%)
At close: Jun 13, 2025, 4:00 PM
43.52
+0.10 (0.23%)
After-hours: Jun 13, 2025, 4:00 PM EDT
Mercantile Bank Stock Forecast
Stock Price Forecast
According to 2 professional analysts, the 12-month price target for Mercantile Bank stock ranges from a low of $47.5 to a high of $57. The average analyst price target of $52.25 forecasts a 20.34% increase in the stock price over the next year.
Price Target: $52.25 (+20.34%)
Analyst Consensus: Buy
* Price targets were last updated on Apr 23, 2025.
Analyst Ratings
The average analyst rating for Mercantile Bank stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '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 | +9.40% | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +31.28% | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +28.97% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +17.46% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +22.06% | Jul 17, 2024 |
Financial Forecast
Revenue This Year
243.95M
from 224.08M
Increased by 8.87%
Revenue Next Year
252.99M
from 243.95M
Increased by 3.71%
EPS This Year
5.02
from 4.93
Increased by 1.73%
EPS Next Year
5.14
from 5.02
Increased by 2.47%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 253.1M | 269.3M |
| Avg | 244.0M | 253.0M |
| Low | 232.1M | 227.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 12.9% | 10.4% |
| Avg | 8.9% | 3.7% |
| Low | 3.6% | -6.6% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.43 | 5.49 |
| Avg | 5.02 | 5.14 |
| Low | 4.71 | 4.78 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 10.1% | 9.5% |
| Avg | 1.7% | 2.5% |
| Low | -4.5% | -4.7% |
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.