Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
45.43
+0.56 (1.25%)
Dec 20, 2024, 4:00 PM EST - 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 54.5, with a low estimate of 53 and a high estimate of 56. The average target predicts an increase of 19.96% from the current stock price of 45.43.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +23.27% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +12.26% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +16.66% | Jul 17, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 | Buy | Reiterates | $47 | +3.46% | Apr 17, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | -11.95% | Mar 7, 2023 |
Financial Forecast
Revenue This Year
234.38M
Revenue Next Year
236.63M
from 234.38M
Increased by 0.96%
EPS This Year
4.96
from 5.13
Decreased by -3.27%
EPS Next Year
4.51
from 4.96
Decreased by -9.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 242.2M | 248.9M | 255.9M |
| Avg | 234.4M | 236.6M | 236.1M |
| Low | 224.4M | 221.2M | 203.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 6.2% | 8.1% |
| Avg | - | 1.0% | -0.2% |
| Low | - | -5.6% | -13.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.15 | 4.87 | 5.17 |
| Avg | 4.96 | 4.51 | 4.71 |
| Low | 4.73 | 4.22 | 4.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.3% | -1.8% | 14.4% |
| Avg | -3.3% | -9.0% | 4.4% |
| Low | -7.8% | -15.0% | -5.4% |
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.