Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
57.42
+0.40 (0.70%)
At close: Jul 13, 2026, 4:00 PM EDT
57.46
+0.04 (0.07%)
After-hours: Jul 13, 2026, 6:18 PM EDT
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 $60. The average 1-year stock price forecast is 4.49% higher than the current stock price, while the lowest is $59 (+2.75%) and the highest is $62 (+7.98%).
Price Target: $60 (+4.49%)
Analyst Consensus: Buy
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 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 2 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $57 → $60 | Hold | Reiterates | $57 → $60 | +4.49% | Jun 26, 2026 |
| KBW | KBW | Buy Maintains $57 → $60 | Buy | Maintains | $57 → $60 | +4.49% | Apr 22, 2026 |
| Stephens | Stephens | Hold Initiates $54 | Hold | Initiates | $54 | -5.96% | Mar 24, 2026 |
| Raymond James | Raymond James | Buy Maintains $52 → $54 | Buy | Maintains | $52 → $54 | -5.96% | Jan 7, 2026 |
Financial Forecast
Revenue This Year
278.01M
from 242.65M
Increased by 14.57%
Revenue Next Year
294.13M
from 278.01M
Increased by 5.80%
EPS This Year
5.59
from 5.47
Increased by 2.16%
EPS Next Year
5.89
from 5.59
Increased by 5.43%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 |
|---|---|---|
| High | 281.8M | |
| Avg | 278.0M | |
| Low | 275.5M |
Revenue Growth
| Revenue Growth | 2026 | 2027 |
|---|---|---|
| High | 16.1% | |
| Avg | 14.6% | |
| Low | 13.6% |
EPS Forecast
| EPS | 2026 | 2027 |
|---|---|---|
| High | 5.70 | |
| Avg | 5.59 | |
| Low | 5.48 |
EPS Growth
| EPS Growth | 2026 | 2027 |
|---|---|---|
| High | 4.2% | |
| Avg | 2.2% | |
| Low | 0.2% |