Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
47.85
-0.49 (-1.01%)
At close: Sep 12, 2025, 4:00 PM EDT
47.72
-0.13 (-0.27%)
After-hours: Sep 12, 2025, 4:57 PM EDT
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 12.08% increase in the stock price over the next year. The lowest target is $47.5 and the highest is $56.
Price Target: $53.63 (+12.08%)
Analyst Consensus: Buy
* Price targets were last updated on Jul 24, 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 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +14.94% | Jul 24, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $48 → $56 | Hold | Maintains | $48 → $56 | +17.03% | Jul 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $53 → $56 | Buy | Maintains | $53 → $56 | +17.03% | Jul 23, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | -0.73% | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +19.12% | Jan 22, 2025 |
Financial Forecast
Revenue This Year
247.24M
from 224.08M
Increased by 10.34%
Revenue Next Year
276.73M
from 247.24M
Increased by 11.93%
EPS This Year
5.28
from 4.93
Increased by 7.01%
EPS Next Year
5.58
from 5.28
Increased by 5.78%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 256.1M | 300.2M | |
| Avg | 247.2M | 276.7M | |
| Low | 235.9M | 248.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 14.3% | 21.4% | |
| Avg | 10.3% | 11.9% | |
| Low | 5.3% | 0.7% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.66 | 6.06 | |
| Avg | 5.28 | 5.58 | |
| Low | 4.67 | 5.19 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 14.8% | 14.8% | |
| Avg | 7.0% | 5.8% | |
| Low | -5.2% | -1.6% |
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.