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Mercantile Bank Corp

MBWMNASDAQ
Trade with Public
Trade with Public
$61.77
-0.38-0.6%
Last update: Sep 8, 10:06 AM
Dividend: The dividend Ex-Date was 4 days ago
OverviewNewsEarnings ForecastPrice TargetsFinancialsSentimentOwnershipDividendsCompareOptionsStock Report

Mercantile Bank Analyst Price Targets

Wall Street analyst price targets and consensus rating for Mercantile Bank (MBWM).

Price Target Range — 10 Quarters

Analyst Consensus — 4 Analysts

2Buy
2Hold
Consensus RatingOutperform# Analysts4Avg. Consensus PT$58Upside to Avg. PT-6.9%

Rating Trend — Last 9 Months

Recent Analyst Actions

See all ratings →
DateFirmAnalystActionRating ChangePrice Target
Jul 22, 2026Keefe, Bruyette & WoodsDamon DelmontePT RaiseOutperform$60→$64
Jul 22, 2026Hovde GroupBrendan NosalDowngradeOutperform→Market Perform$62
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Analyst Ratings News

PRO
Keefe, Bruyette & Woods Maintains Outperform on Mercantile Bank, Raises Price Target to $64

Keefe, Bruyette & Woods analyst Damon Delmonte maintains Mercantile Bank (NASDAQ:MBWM) with a Outperform and raises the price target from $60 to $64.
Benzinga Newsdesk

PRO
Hovde Group Downgrades Mercantile Bank to Market Perform, Announces $62 Price Target

Hovde Group analyst Brendan Nosal downgrades Mercantile Bank (NASDAQ:MBWM) from Outperform to Market Perform and announces $62 price target.
Benzinga Newsdesk

PRO
Piper Sandler Maintains Neutral on Mercantile Bank, Raises Price Target to $60

Piper Sandler analyst Nathan Race maintains Mercantile Bank (NASDAQ:MBWM) with a Neutral and raises the price target from $57 to $60.
Benzinga Newsdesk

PRO
Keefe, Bruyette & Woods Maintains Outperform on Mercantile Bank, Raises Price Target to $57

Keefe, Bruyette & Woods analyst Damon Delmonte maintains Mercantile Bank (NASDAQ:MBWM) with a Outperform and raises the price target from $56 to $57.
Benzinga Newsdesk

PRO
Raymond James Maintains Outperform on Mercantile Bank, Raises Price Target to $54

Raymond James analyst Daniel Tamayo maintains Mercantile Bank (NASDAQ:MBWM) with a Outperform and raises the price target from $52 to $54.
Benzinga Newsdesk

PRO
Raymond James Reiterates Outperform on Mercantile Bank, Lowers Price Target to $52

Raymond James analyst Daniel Tamayo reiterates Mercantile Bank (NASDAQ:MBWM) with a Outperform and lowers the price target from $55 to $52.
Benzinga Newsdesk

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