MERCANTILE BANK CORP (MBWM) Stock Analyst Ratings
USA - NASDAQ:MBWM - US5873761044 - Common Stock
44.95 USD
+0.3 (+0.67%)
ChartMill assigns a Buy % Consensus number of 78% to MBWM. The Buy consensus is the weighted average rating of the current analysts ratings.
Analysts have set a mean price target forecast of 56.71. This target is 26.17% above the current price.
MBWM was analyzed by 11 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about MBWM.
In the previous month the buy percentage consensus was at a similar level.
MBWM was analyzed by 11 analysts, which is quite many. So the average rating should be quite meaningful.
Price Target & Forecast
| Date | Firm | Action | Rating |
|---|---|---|---|
| 2025-07-24 | Raymond James | Upgrade | Market Perform -> Outperform |
| 2025-07-23 | Keefe, Bruyette & Woods | Maintains | Outperform -> Outperform |
| 2025-07-23 | Piper Sandler | Maintains | Neutral -> Neutral |
| 2025-04-23 | Piper Sandler | Maintains | Neutral -> Neutral |
| 2025-01-22 | Keefe, Bruyette & Woods | Maintains | Outperform -> Outperform |
| 2024-12-04 | Keefe, Bruyette & Woods | Maintains | Outperform -> Outperform |
| 2024-07-17 | Keefe, Bruyette & Woods | Reiterate | Outperform -> Outperform |
| 2024-07-17 | Piper Sandler | Maintains | Neutral -> Neutral |
| 2024-04-17 | Keefe, Bruyette & Woods | Reiterate | Outperform -> Outperform |
| 2023-03-07 | Piper Sandler | Upgrade | Neutral -> Overweight |
| 2023-01-18 | Raymond James | Downgrade | Outperform -> Market Perform |
| 2022-10-19 | Raymond James | Maintains | Outperform |
| 2022-10-06 | Raymond James | Downgrade | Strong Buy -> Outperform |
| 2022-03-02 | Raymond James | Upgrade | Outperform -> Strong Buy |
| 2022-01-19 | Raymond James | Upgrade | Market Perform -> Outperform |