Mercantile Bank - MBWM Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $37.33
  • Forecasted Upside: 13.93 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$32.77
▲ +0.02 (0.06%)

This chart shows the closing price for MBWM by one month, three months, or twelve months.

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Analyst Price Target for MBWM

Analyst Price Target is $37.33
▲ +13.93% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Mercantile Bank in the last 3 months. The average price target is $37.33, with a high forecast of $41.00 and a low forecast of $33.00. The average price target represents a 13.93% upside from the last price of $32.77.

This chart shows the closing price for MBWM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in Mercantile Bank. This rating has held steady since September 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/17/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/15/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/14/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/14/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/12/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/10/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/9/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/9/2022

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/19/2022Raymond JamesBoost TargetOutperform$35.00 ➝ $38.00Low
10/6/2022Raymond JamesDowngradeStrong-Buy ➝ Outperform$44.00 ➝ $35.00Low
9/29/2022Piper SandlerLower Target$33.00Low
7/28/2022Hovde GroupUpgradeMarket Perform ➝ Outperform$41.00Low
3/2/2022Raymond JamesUpgradeOutperform ➝ Strong-Buy$44.00High
1/19/2022Raymond JamesUpgradeMarket Perform ➝ Outperform$44.00Medium
9/29/2020Piper SandlerLower TargetNeutral$23.00 ➝ $20.00Low
9/10/2020Raymond JamesReiterated RatingHoldLow
1/28/2019Hovde GroupReiterated RatingHold$36.50Low
7/18/2018Keefe, Bruyette & WoodsBoost TargetOutperform ➝ $36.20$40.00 ➝ $41.00Low
4/18/2018Hovde GroupReiterated RatingHold$37.00Low
3/27/2018Sandler O'NeillSet TargetHold$37.00Low
3/1/2018Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ OutperformHigh
1/18/2018Hovde GroupReiterated RatingHold$38.50Low
1/3/2018Sandler O'NeillSet TargetHold$39.00Low
(Data available from 12/10/2017 forward)

News Sentiment Rating

1.02 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
5/14/2022
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/13/2022
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/13/2022
  • 0 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/12/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/11/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
10/11/2022
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/10/2022
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/10/2022

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.
Mercantile Bank logo
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
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Today's Range

Now: $32.77
Low: $32.44
High: $32.96

50 Day Range

MA: $33.62
Low: $30.40
High: $35.98

52 Week Range

Now: $32.77
Low: $29.26
High: $40.01

Volume

36,435 shs

Average Volume

37,734 shs

Market Capitalization

$519.93 million

P/E Ratio

10.18

Dividend Yield

3.91%

Beta

1

Frequently Asked Questions

What sell-side analysts currently cover shares of Mercantile Bank?

The following Wall Street sell-side analysts have issued research reports on Mercantile Bank in the last year: Hovde Group, Piper Sandler, Raymond James, and StockNews.com.
View the latest analyst ratings for MBWM.

What is the current price target for Mercantile Bank?

3 Wall Street analysts have set twelve-month price targets for Mercantile Bank in the last year. Their average twelve-month price target is $37.33, suggesting a possible upside of 13.9%. Hovde Group has the highest price target set, predicting MBWM will reach $41.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $33.00 for Mercantile Bank in the next year.
View the latest price targets for MBWM.

What is the current consensus analyst rating for Mercantile Bank?

Mercantile Bank currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MBWM will outperform the market and that investors should add to their positions of Mercantile Bank.
View the latest ratings for MBWM.

What other companies compete with Mercantile Bank?

How do I contact Mercantile Bank's investor relations team?

Mercantile Bank's physical mailing address is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. The financial services provider's listed phone number is (616) 406-3000 and its investor relations email address is [email protected] The official website for Mercantile Bank is www.mercbank.com. Learn More about contacing Mercantile Bank investor relations.