Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
57.09
+0.82 (1.46%)
At close: Jun 26, 2026, 4:00 PM EDT
57.09
0.00 (0.00%)
After-hours: Jun 26, 2026, 4:31 PM EDT
Mercantile Bank Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 57, with a low estimate of 54 and a high estimate of 60. The average target predicts a decrease of -0.16% from the current stock price of 57.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Mercantile Bank stock from 6 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 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 2 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $57 → $60 | Hold | Reiterates | $57 → $60 | +5.10% | Jun 26, 2026 |
| KBW | KBW | Buy Maintains $57 → $60 | Buy | Maintains | $57 → $60 | +5.10% | Apr 22, 2026 |
| Stephens | Stephens | Hold Initiates $54 | Hold | Initiates | $54 | -5.41% | Mar 24, 2026 |
| Raymond James | Raymond James | Buy Maintains $52 → $54 | Buy | Maintains | $52 → $54 | -5.41% | Jan 7, 2026 |
Financial Forecast
Revenue This Year
277.91M
from 242.65M
Increased by 14.53%
Revenue Next Year
294.49M
from 277.91M
Increased by 5.97%
EPS This Year
5.59
from 5.47
Increased by 2.16%
EPS Next Year
5.91
from 5.59
Increased by 5.70%
Revenue Forecast
| Revenue | 2026 | 2027 |
|---|---|---|
| High | 281.8M | 297.7M |
| Avg | 277.9M | 294.5M |
| Low | 275.5M | 290.8M |
Revenue Growth
| Revenue Growth | 2026 | 2027 |
|---|---|---|
| High | 16.1% | 7.1% |
| Avg | 14.5% | 6.0% |
| Low | 13.6% | 4.6% |
EPS Forecast
| EPS | 2026 | 2027 |
|---|---|---|
| High | - | - |
| Avg | 5.59 | 5.91 |
| Low | - | - |
EPS Growth
| EPS Growth | 2026 | 2027 |
|---|---|---|
| High | - | - |
| Avg | 2.2% | 5.7% |
| Low | - | - |
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.