Mercantile Bank (MBWM) analyst forecast and price target
Analyst forecast
Consensus of 6 analyst ratings
Based on 3 analyst targets
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| Hovde Group | Downgraded | Outperform → Market Perform | $62.00 | Jul 22, 2026 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $64.00 from $60.00 | Jul 22, 2026 |
| Piper Sandler | Maintained | Neutral | $60.00 from $57.00 | Jun 26, 2026 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $57.00 from $56.00 | Jan 21, 2026 |
| Raymond James | Maintained | Outperform | $54.00 from $52.00 | Jan 7, 2026 |
| Raymond James | Maintained | Outperform | $52.00 from $55.00 | Oct 22, 2025 |
| Raymond James | Upgraded | Market Perform → Outperform | $55.00 | Jul 24, 2025 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $56.00 from $53.00 | Jul 23, 2025 |
| Piper Sandler | Maintained | Neutral | $56.00 from $47.50 | Jul 23, 2025 |
| Piper Sandler | Maintained | Neutral | $47.50 from $50.00 | Apr 23, 2025 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $57.00 from $56.00 | Jan 22, 2025 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $56.00 from $50.00 | Dec 4, 2024 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $51.00 from $47.00 | Jul 17, 2024 |
| Piper Sandler | Maintained | Neutral | $53.00 from $42.00 | Jul 17, 2024 |
| Keefe, Bruyette & Woods | Maintained | Outperform | $47.00 | Apr 17, 2024 |
| Piper Sandler | Upgraded | Neutral → Overweight | $40.00 from $38.00 | Mar 7, 2023 |
Frequently asked questions
What is the price target for MBWM stock?
The average 12-month analyst price target for Mercantile Bank (MBWM) is $62.00, with a high estimate of $64.00 and a low of $60.00, across 3 analysts.
Is MBWM a buy, sell, or hold?
Analysts covering Mercantile Bank currently average a Hold rating: 2 buy, 4 hold and 0 sell, from 6 analysts. Ratings reflect analyst opinion, not investment advice.
What upside do analysts see for MBWM?
The average price target of $62.00 implies 3.78% upside from the last price of $59.74.
What is the latest analyst rating on MBWM?
On Jul 22, 2026, Hovde Group downgraded Mercantile Bank to Market Perform with a price target of $62.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.