Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
50.91
-1.97 (-3.73%)
Jun 3, 2026, 4:00 PM EDT - Market closed
Mercantile Bank Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, Mercantile Bank stock has a consensus rating of "Buy" and an average price target of $59.33. The average 1-year stock price forecast is 16.54% higher than the current stock price, while the lowest is $57 (+11.96%) and the highest is $62 (+21.78%).
Price Target: $59.33 (+16.54%)
Analyst Consensus: Buy
* Price targets were last updated on Apr 22, 2026.
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 1 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| KBW | KBW | Buy Maintains $57 → $60 | Buy | Maintains | $57 → $60 | +17.86% | Apr 22, 2026 |
| Stephens | Stephens | Hold Initiates $54 | Hold | Initiates | $54 | +6.07% | Mar 24, 2026 |
| Piper Sandler | Piper Sandler | Hold Maintains $56 → $57 | Hold | Maintains | $56 → $57 | +11.96% | Jan 21, 2026 |
| Raymond James | Raymond James | Buy Maintains $52 → $54 | Buy | Maintains | $52 → $54 | +6.07% | Jan 7, 2026 |
Financial Forecast
Revenue This Year
277.91M
from 242.65M
Increased by 14.53%
Revenue Next Year
294.49M
from 277.91M
Increased by 5.97%
EPS This Year
5.48
from 5.47
Increased by 0.09%
EPS Next Year
5.91
from 5.48
Increased by 7.88%
Revenue Forecast
| Revenue | 2026 | 2027 |
|---|---|---|
| High | 281.8M | |
| Avg | 277.9M | |
| Low | 275.5M |
Revenue Growth
| Revenue Growth | 2026 | 2027 |
|---|---|---|
| High | 16.1% | |
| Avg | 14.5% | |
| Low | 13.6% |
EPS Forecast
| EPS | 2026 | 2027 |
|---|---|---|
| High | 5.51 | |
| Avg | 5.48 | |
| Low | 5.42 |
EPS Growth
| EPS Growth | 2026 | 2027 |
|---|---|---|
| High | 0.7% | |
| Avg | 0.1% | |
| Low | -0.9% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.