Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
46.56
-0.19 (-0.41%)
Dec 5, 2025, 4:00 PM EST - Market closed
Mercantile Bank Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 52.88, with a low estimate of 47.5 and a high estimate of 56. The average target predicts an increase of 13.57% from the current stock price of 46.56.
Analyst Consensus: Buy
* Price targets were last updated on Oct 22, 2025.
Analyst Ratings
The average analyst rating for Mercantile Bank stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Reiterates $55 → $52 | Buy | Reiterates | $55 → $52 | +11.68% | Oct 22, 2025 |
| Raymond James | Raymond James | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +18.13% | Jul 24, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $48 → $56 | Hold | Maintains | $48 → $56 | +20.27% | Jul 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $53 → $56 | Buy | Maintains | $53 → $56 | +20.27% | Jul 23, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | +2.02% | Apr 23, 2025 |
Financial Forecast
Revenue This Year
247.46M
from 224.08M
Increased by 10.44%
Revenue Next Year
274.96M
from 247.46M
Increased by 11.11%
EPS This Year
5.51
from 4.93
Increased by 11.70%
EPS Next Year
5.54
from 5.51
Increased by 0.53%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 255.4M | 291.8M | |
| Avg | 247.5M | 275.0M | |
| Low | 237.3M | 249.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 14.0% | 17.9% | |
| Avg | 10.4% | 11.1% | |
| Low | 5.9% | 0.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.73 | 5.79 | |
| Avg | 5.51 | 5.54 | |
| Low | 5.23 | 5.19 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 16.3% | 5.1% | |
| Avg | 11.7% | 0.5% | |
| Low | 6.2% | -5.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.