Mercantile Bank Market Sentiment

Mercantile Bank Corp

MBWMNASDAQ

$59.81

-0.84-1.38%

Last update: Oct 30, 4:46 PM

Market sentiment signals for Mercantile Bank (MBWM): analyst consensus, short interest, options flow and insider activity.

Analyst Consensus— Neutral

Short Interest▲ 3.3% short float

Options Flow— N/A

Insider Activity— N/A

Analyst Consensus

Neutral

5 analysts

Options Flow (P/C)

—

Avg Consensus PT

$58

-3.5%

Highest Price Target

$65

+8.7%

Keefe, Bruyette & Woods

Lowest Price Target

$48

-20.6%

Piper Sandler

Short Interest

3.3%

Declining — Bullish

Insider Activity (30d)

—

Short Interest — % of Float

Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Oct 21, 2026	Keefe, Bruyette & Woods	Damon Delmonte—	+8.7%	$64 → $65	Maintained	Outperform
Jul 22, 2026	Keefe, Bruyette & Woods	Damon Delmonte—	+7.0%	$60 → $64	Maintained	Outperform
Jul 22, 2026	Hovde Group	Brendan Nosal—	+3.7%	$62	Downgrade	Outperform→Market Perform
Jun 26, 2026	Piper Sandler	Nathan Race—	+0.3%	$57 → $60	Maintained	Neutral
Jan 21, 2026	Keefe, Bruyette & Woods	Damon Delmonte—	-4.7%	$56 → $57	Maintained	Outperform
Jan 7, 2026	Raymond James	Daniel Tamayo—	-9.7%	$52 → $54	Maintained	Outperform
Oct 22, 2025	Raymond James	Daniel Tamayo—	-13.0%	$55 → $52	Maintained	Outperform
Jul 24, 2025	Raymond James	Daniel Tamayo—	-8.0%	$55	Upgrade	Market Perform→Outperform
Jul 23, 2025	Piper Sandler	Nathan Race—	-6.4%	$48 → $56	Maintained	Neutral
Jul 23, 2025	Keefe, Bruyette & Woods	Damon Delmonte—	-6.4%	$53 → $56	Maintained	Outperform
Apr 23, 2025	Piper Sandler	Brandan Nosal—	-20.6%	$50 → $48	Maintained	Neutral
Jan 22, 2025	Keefe, Bruyette & Woods	Damon Delmonte—	-4.7%	$56 → $57	Maintained	Outperform
Dec 4, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	-6.4%	$50 → $56	Maintained	Outperform
Jul 17, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	-14.7%	$47 → $51	Maintained	Outperform
Jul 17, 2024	Piper Sandler	Brandan Nosal—	-11.4%	$42 → $53	Maintained	Neutral
Apr 17, 2024	Keefe, Bruyette & Woods	Damon Delmonte—	-21.4%	$47	Maintained	Outperform