Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
59.41
+0.51 (0.87%)
At close: Oct 2, 2026, 4:00 PM EDT
59.50
+0.09 (0.15%)
After-hours: Oct 2, 2026, 7:30 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 "Hold" and an average price target of $63.17. The average 1-year stock price forecast is 6.33% higher than the current stock price, while the lowest is $60 (+0.99%) and the highest is $65 (+9.41%).
Price Target: $63.17 (+6.33%)
Analyst Consensus: Hold
Price Target
Chart* Price targets were last updated on Sep 1, 2026.
Analyst 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 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $65 | Buy | Initiates | $65 | +9.41% | Sep 1, 2026 |
| Stephens | Stephens | Hold Maintains $60 | Hold | Maintains | $60 | +0.99% | Jul 22, 2026 |
| Piper Sandler | Piper Sandler | Hold Maintains $60 → $65 | Hold | Maintains | $60 → $65 | +9.41% | Jul 22, 2026 |
| Hovde Group | Hovde Group | Hold Downgrades $62 | Hold | Downgrades | $62 | +4.36% | Jul 22, 2026 |
| KBW | KBW | Buy Reiterates $60 → $64 | Buy | Reiterates | $60 → $64 | +7.73% | Jul 22, 2026 |
Financial Forecast
Revenue This Year
278.99M
from 242.65M
Increased by 14.97%
Revenue Next Year
296.19M
from 278.99M
Increased by 6.17%
EPS This Year
5.68
from 5.47
Increased by 3.87%
EPS Next Year
5.76
from 5.68
Increased by 1.29%
EPS and Forward PE are based on non-GAAP adjusted numbers.