Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
60.68
+0.60 (1.00%)
Aug 3, 2026, 10:27 AM EDT - Market open
Mercantile Bank Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, Mercantile Bank stock has a consensus rating of "Hold" and an average price target of $63.17. The average 1-year stock price forecast is 4.10% higher than the current stock price, while the lowest is $60 (-1.12%) and the highest is $65 (+7.12%).
Price Target: $63.17 (+4.10%)
Analyst Consensus: Hold
Price Target
ChartAnalyst Ratings
The average analyst rating for Mercantile Bank stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens | Stephens | Hold Maintains $60 | Hold | Maintains | $60 | -1.12% | Jul 22, 2026 |
| Piper Sandler | Piper Sandler | Hold Maintains $60 → $65 | Hold | Maintains | $60 → $65 | +7.12% | Jul 22, 2026 |
| Hovde Group | Hovde Group | Hold Downgrades $62 | Hold | Downgrades | $62 | +2.18% | Jul 22, 2026 |
| KBW | KBW | Buy Reiterates $60 → $64 | Buy | Reiterates | $60 → $64 | +5.47% | Jul 22, 2026 |
Financial Forecast
Revenue This Year
279.23M
from 242.65M
Increased by 15.07%
Revenue Next Year
295.85M
from 279.23M
Increased by 5.95%
EPS This Year
5.69
from 5.47
Increased by 3.96%
EPS Next Year
5.74
from 5.69
Increased by 0.85%
EPS and Forward PE are based on non-GAAP adjusted numbers.