Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
45.50
+1.74 (3.98%)
At close: May 12, 2025, 4:00 PM
45.50
0.00 (0.00%)
After-hours: May 12, 2025, 4:05 PM EDT
Mercantile Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Mercantile Bank stock have an average target of 52.25, with a low estimate of 47.5 and a high estimate of 57. The average target predicts an increase of 14.84% from the current stock price of 45.50.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Mercantile Bank stock from 2 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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | +4.40% | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +25.27% | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +23.08% | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $47 → $51 | Buy | Reiterates | $47 → $51 | +12.09% | Jul 17, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $42 → $53 | Hold | Maintains | $42 → $53 | +16.48% | Jul 17, 2024 |
Financial Forecast
Revenue This Year
243.95M
from 224.08M
Increased by 8.87%
Revenue Next Year
252.99M
from 243.95M
Increased by 3.71%
EPS This Year
4.93
from 4.93
Decreased by -0.05%
EPS Next Year
5.05
from 4.93
Increased by 2.42%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 253.1M | 269.3M |
| Avg | 244.0M | 253.0M |
| Low | 232.1M | 227.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 12.9% | 10.4% |
| Avg | 8.9% | 3.7% |
| Low | 3.6% | -6.6% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.27 | 5.35 |
| Avg | 4.93 | 5.05 |
| Low | 4.56 | 4.61 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 6.9% | 8.7% |
| Avg | -0.1% | 2.4% |
| Low | -7.6% | -6.5% |
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.