Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · IEX Real-Time Price · USD
36.89
-0.06 (-0.16%)
Apr 24, 2024, 4:00 PM EDT - Market closed
Mercantile Bank Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Mercantile Bank stock has a target of 47, which predicts an increase of 27.41% from the current stock price of 36.89.
Analyst Consensus: Buy
Analyst Ratings
According to 1 stock analyst, the rating for MBWM is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 | Buy | Reiterates | $47 | +27.41% | Apr 17, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | +8.43% | Mar 7, 2023 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jan 18, 2023 |
| Raymond James | Raymond James | Buy Maintains $35 → $38 | Buy | Maintains | $35 → $38 | +3.01% | Oct 19, 2022 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $44 → $35 | Strong Buy → Buy | Downgrades | $44 → $35 | -5.12% | Oct 6, 2022 |
Financial Forecast
Revenue This Year
229.45M
from 217.99M
Increased by 5.26%
Revenue Next Year
232.80M
from 229.45M
Increased by 1.46%
EPS This Year
4.70
from 5.13
Decreased by -8.42%
EPS Next Year
4.51
from 4.70
Decreased by -3.95%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 238.4M | 242.6M |
| Avg | 229.5M | 232.8M |
| Low | 218.2M | 218.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.3% | 5.7% |
| Avg | 5.3% | 1.5% |
| Low | 0.1% | -4.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 5.12 | 4.82 |
| Avg | 4.70 | 4.51 |
| Low | 4.31 | 4.17 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -0.1% | 2.6% |
| Avg | -8.4% | -4.0% |
| Low | -15.9% | -11.1% |
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.