Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
51.97
+0.70 (1.37%)
At close: Apr 28, 2026, 4:00 PM EDT
51.07
-0.90 (-1.73%)
After-hours: Apr 28, 2026, 7:33 PM EDT
Mercantile Bank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 55.67, with a low estimate of 54 and a high estimate of 57. The average target predicts an increase of 7.12% from the current stock price of 51.97.
Analyst Consensus: Buy
* Price targets were last updated on Jan 21, 2026.
Analyst Ratings
The average analyst rating for Mercantile Bank stock from 3 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 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +9.68% | Jan 21, 2026 |
| Raymond James | Raymond James | Buy Maintains $52 → $54 | Buy | Maintains | $52 → $54 | +3.91% | Jan 7, 2026 |
| Raymond James | Raymond James | Buy Reiterates $55 → $52 | Buy | Reiterates | $55 → $52 | +0.06% | Oct 22, 2025 |
| Raymond James | Raymond James | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +5.83% | Jul 24, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $48 → $56 | Hold | Maintains | $48 → $56 | +7.75% | Jul 23, 2025 |
Financial Forecast
Revenue This Year
286.82M
from 238.45M
Increased by 20.28%
Revenue Next Year
300.22M
from 286.82M
Increased by 4.67%
EPS This Year
5.71
from 5.47
Increased by 4.51%
EPS Next Year
6.09
from 5.71
Increased by 6.53%
Revenue Forecast
| Revenue | 2026 | 2027 |
|---|---|---|
| High | 297.2M | 311.1M |
| Avg | 286.8M | 300.2M |
| Low | 272.9M | 285.8M |
Revenue Growth
| Revenue Growth | 2026 | 2027 |
|---|---|---|
| High | 24.6% | 8.5% |
| Avg | 20.3% | 4.7% |
| Low | 14.5% | -0.4% |
EPS Forecast
| EPS | 2026 | 2027 |
|---|---|---|
| High | 6.01 | 6.56 |
| Avg | 5.71 | 6.09 |
| Low | 5.39 | 5.59 |
EPS Growth
| EPS Growth | 2026 | 2027 |
|---|---|---|
| High | 9.9% | 14.8% |
| Avg | 4.5% | 6.5% |
| Low | -1.4% | -2.2% |
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.