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Mercantile Bank

MBWMNASDAQ
Logo brought to you by Benzinga Data
$45.27
00.00%
Last update: 4:00 PM
15 minutes delayed
Consensus Rating1
Outperform
Highest Price Target1
$53.00
Lowest Price Target1
$35.00
Consensus Price Target1
$46.33

Mercantile Bank (NASDAQ:MBWM) Stock, Analyst Ratings, Price Targets, Forecasts

Mercantile Bank Corp has a consensus price target of $46.33 based on the ratings of 4 analysts. The high is $53 issued by Piper Sandler on July 17, 2024. The low is $35 issued by Raymond James on October 6, 2022. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Piper Sandler, and Keefe, Bruyette & Woods on July 17, 2024, July 17, 2024, and April 17, 2024, respectively. With an average price target of $50.33 between Keefe, Bruyette & Woods, Piper Sandler, and Keefe, Bruyette & Woods, there's an implied 11.18% upside for Mercantile Bank Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
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Apr
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Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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4.1
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Keefe, Bruyette & Woods
Piper Sandler
Raymond James

1calculated from analyst ratings

Analyst Ratings for Mercantile Bank

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Mercantile Bank (MBWM) stock?

A

The latest price target for Mercantile Bank (NASDAQ:MBWM) was reported by Keefe, Bruyette & Woods on July 17, 2024. The analyst firm set a price target for $51.00 expecting MBWM to rise to within 12 months (a possible 12.66% upside). 3 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Mercantile Bank (MBWM)?

A

The latest analyst rating for Mercantile Bank (NASDAQ:MBWM) was provided by Keefe, Bruyette & Woods, and Mercantile Bank reiterated their outperform rating.

Q

When was the last upgrade for Mercantile Bank (MBWM)?

A

The last upgrade for Mercantile Bank Corp happened on March 7, 2023 when Piper Sandler raised their price target to $40. Piper Sandler previously had a neutral for Mercantile Bank Corp.

Q

When was the last downgrade for Mercantile Bank (MBWM)?

A

The last downgrade for Mercantile Bank Corp happened on January 18, 2023 when Raymond James changed their price target from N/A to N/A for Mercantile Bank Corp.

Q

When is the next analyst rating going to be posted or updated for Mercantile Bank (MBWM)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mercantile Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Mercantile Bank was filed on July 17, 2024 so you should expect the next rating to be made available sometime around July 17, 2025.

Q

Is the Analyst Rating Mercantile Bank (MBWM) correct?

A

While ratings are subjective and will change, the latest Mercantile Bank (MBWM) rating was a reiterated with a price target of $47.00 to $51.00. The current price Mercantile Bank (MBWM) is trading at is $45.27, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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