Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
43.44
-0.59 (-1.34%)
Mar 31, 2025, 4:00 PM EDT - Market closed
Mercantile Bank Analyst Ratings
Total Analysts
2
Consensus Rating
Buy
Price Target
$55.00
Upside
+26.61%
Ratings History
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +31.22% | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +28.91% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +17.40% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +22.01% | Jul 17, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 | Buy | Reiterates | $47 | +8.20% | Apr 17, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | -7.92% | 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 | -12.52% | Oct 19, 2022 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $44 → $35 | Strong Buy → Buy | Downgrades | $44 → $35 | -19.43% | Oct 6, 2022 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $44 | Buy → Strong Buy | Upgrades | $44 | +1.29% | Mar 2, 2022 |
| Raymond James | Raymond James | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | +1.29% | Jan 19, 2022 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $40 → $41 | Buy | Maintains | $40 → $41 | -5.62% | Jul 18, 2018 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Mar 1, 2018 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Sep 28, 2017 |
| DA Davidson | DA Davidson | Hold → Strong Buy Upgrades $35 | Hold → Strong Buy | Upgrades | $35 | -19.43% | Sep 11, 2017 |
| DA Davidson | DA Davidson | Hold Initiates $35 | Hold | Initiates | $35 | -19.43% | Jul 6, 2017 |
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Analyst Star Rankings
Our analyst star rankings are based on these four factors
- Success Rate
- The percentage of ratings that are profitable.
- Average Return
- The average percentage return within one year of the rating.
- Rating Count
- The more ratings the analyst has provided, the higher the score.
- Recency
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