Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
45.07
-0.69 (-1.51%)
Nov 24, 2025, 2:44 PM EST - Market open
Mercantile Bank Analyst Ratings
Total Analysts
4
Consensus Rating
Buy
Price Target
$52.88
Upside
+17.33%
Ratings History
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Reiterates $55 → $52 | Buy | Reiterates | $55 → $52 | +15.38% | Oct 22, 2025 |
| Raymond James | Raymond James | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +22.03% | Jul 24, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $48 → $56 | Hold | Maintains | $48 → $56 | +24.25% | Jul 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $53 → $56 | Buy | Maintains | $53 → $56 | +24.25% | Jul 23, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | +5.39% | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +26.47% | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +24.25% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +13.16% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +17.59% | Jul 17, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 | Buy | Reiterates | $47 | +4.28% | Apr 17, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $38 → $40 | Hold → Buy | Upgrades | $38 → $40 | -11.25% | 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 | -15.69% | Oct 19, 2022 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $44 → $35 | Strong Buy → Buy | Downgrades | $44 → $35 | -22.34% | Oct 6, 2022 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $44 | Buy → Strong Buy | Upgrades | $44 | -2.37% | Mar 2, 2022 |
| Raymond James | Raymond James | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | -2.37% | Jan 19, 2022 |
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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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