Mercantile Bank Stock Forecast

Stock Price Forecast

The 4 analysts that cover Mercantile Bank stock have a consensus rating of "Buy" and an average price target of $53.63, which forecasts a 3.17% increase in the stock price over the next year. The lowest target is $47.5 and the highest is $57.

Price Target: $53.63 (+3.17%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$47.5	$53.63	$56	$57
Change	-8.62%	+3.17%	+7.73%	+9.66%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Maintains $56 → $57	Buy	Maintains	$56 → $57	+9.66%	Jan 21, 2026
Daniel Tamayo Raymond James	Raymond James	Buy Maintains $52 → $54	Buy	Maintains	$52 → $54	+3.89%	Jan 7, 2026
Daniel Tamayo Raymond James	Raymond James	Buy Reiterates $55 → $52	Buy	Reiterates	$55 → $52	+0.04%	Oct 22, 2025
Daniel Tamayo Raymond James	Raymond James	Hold → Buy Upgrades $55	Hold → Buy	Upgrades	$55	+5.81%	Jul 24, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $48 → $56	Hold	Maintains	$48 → $56	+7.73%	Jul 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

286.82M

from 238.45M

20.28%

from 238.45M

Revenue Next Year

300.22M

from 286.82M

4.67%

from 286.82M

EPS This Year

5.54

from 5.47

1.28%

from 5.47

EPS Next Year

5.88

from 5.54

6.19%

from 5.54

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	184.58M	183.77M	217.99M	224.08M	238.45M	286.82M	300.22M
Revenue Growth	20.35%	-0.44%	18.62%	2.79%	6.42%	20.28%	4.67%
EPS	3.69	3.85	5.13	4.93	5.47	5.54	5.88
EPS Growth	36.16%	4.34%	33.25%	-3.90%	10.87%	1.28%	6.19%
Forward PE	-	-	-	-	-	9.39	8.84
No. Analysts	-	-	-	-	-	7	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	297.2M	311.1M
Avg	286.8M	300.2M
Low	272.9M	285.8M

Revenue Growth

Revenue Growth	2026	2027
High	24.6%	8.5%
Avg	20.3%	4.7%
Low	14.5%	-0.4%

EPS Forecast

EPS	2026	2027
High	5.79	6.27
Avg	5.54	5.88
Low	5.19	5.39

EPS Growth

EPS Growth	2026	2027
High	5.8%	13.2%
Avg	1.3%	6.2%
Low	-5.0%	-2.7%

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.