MERCANTILE BANK CORP (MBWM) Stock Analyst Ratings
USA - NASDAQ:MBWM - US5873761044 - Common Stock
43.75 USD
+0.01 (+0.02%)
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 53.86. This target is 23.1% 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 |
|---|---|---|---|
| 2025-10-22 | Raymond James | Reiterate | Outperform -> Outperform |
| 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 |
MERCANTILE BANK CORP / MBWM FAQ
What do analysts expect the price target to be for MERCANTILE BANK CORP (MBWM)?
11 analysts have analysed MBWM and the average price target is 53.86 USD. This implies a price increase of 23.1% is expected in the next year compared to the current price of 43.75.
How do analysts rate MERCANTILE BANK CORP (MBWM)?
The consensus rating for MERCANTILE BANK CORP (MBWM) is 78.1818 / 100 . This indicates that analysts generally have a positive outlook on the stock.
How many analysts have analysed MERCANTILE BANK CORP (MBWM)?
The number of analysts covering MERCANTILE BANK CORP (MBWM) is 11.