Mercantile Bank CorporationMBWMNASDAQ
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Analyst Sentiment

Analysts lean bullish — 71% recommend buying.

Consensus Rating
Buy
7 analysts·Limited coverage
71%
Rating Distribution
Strong Buy
00%
Buy
571%
Hold
229%
Sell
00%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see modest upside — consensus target 10% higher.

Bear Case
$54.00
+9%
Consensus
$54.75
+10%
Bull Case
$55.50
+12%
Price Range7 analysts
Low
Consensus
High
$54.00
$55.50
Current Target
Current Price
$49.72
Upside to Target
$5.03

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

Earnings Surprises

Recent Analyst Actions

Jan 8, 2026Piper Sandler
Mercantile Bank price target raised to $55.50 from $55 at Piper Sandler
Target:$55.50
+13.8%from $48.75
Jan 7, 2026Raymond James
Mercantile Bank price target raised to $54 from $52 at Raymond James
Target:$54.00
+10.7%from $48.76
Oct 22, 2025Raymond James
Mercantile Bank price target lowered to $52 from $55 at Raymond James
Target:$52.00
+15.8%from $44.91