# Mercantile Bank (MBWM) — Analyst Forecast

MBWM · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/mbwm/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Hold | 2 | 4 | 0 | 6 |

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Jul 22, 2026 | Hovde Group | Downgraded | Outperform → Market Perform | $62.00 |
| Jul 22, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | $64.00 |
| Jun 26, 2026 | Piper Sandler | Maintained | Neutral | $60.00 |
| Jan 21, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | $57.00 |
| Jan 7, 2026 | Raymond James | Maintained | Outperform | $54.00 |
| Oct 22, 2025 | Raymond James | Maintained | Outperform | $52.00 |
| Jul 24, 2025 | Raymond James | Upgraded | Market Perform → Outperform | $55.00 |
| Jul 23, 2025 | Keefe, Bruyette & Woods | Maintained | Outperform | $56.00 |
| Jul 23, 2025 | Piper Sandler | Maintained | Neutral | $56.00 |
| Apr 23, 2025 | Piper Sandler | Maintained | Neutral | $47.50 |
| Jan 22, 2025 | Keefe, Bruyette & Woods | Maintained | Outperform | $57.00 |
| Dec 4, 2024 | Keefe, Bruyette & Woods | Maintained | Outperform | $56.00 |
| Jul 17, 2024 | Keefe, Bruyette & Woods | Maintained | Outperform | $51.00 |
| Jul 17, 2024 | Piper Sandler | Maintained | Neutral | $53.00 |
| Apr 17, 2024 | Keefe, Bruyette & Woods | Maintained | Outperform | $47.00 |
| Mar 7, 2023 | Piper Sandler | Upgraded | Neutral → Overweight | $40.00 |

## Frequently Asked Questions

### 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 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.

## Similar Stocks

- [UCB](https://www.lighthorse.io/tickers/ucb) — United Community Banks, Inc. Common Stock
- [FRME](https://www.lighthorse.io/tickers/frme) — First Merchants Corporation - Common Stock
- [THFF](https://www.lighthorse.io/tickers/thff) — First Financial Corporation  - Common Stock
- [IBCP](https://www.lighthorse.io/tickers/ibcp) — Independent Bank Corporation - Common Stock
- [CTBI](https://www.lighthorse.io/tickers/ctbi) — Community Trust Bancorp, Inc. - Common Stock
- [BUSE](https://www.lighthorse.io/tickers/buse) — First Busey Corporation - Common Stock
- [BY](https://www.lighthorse.io/tickers/by) — Byline Bancorp, Inc. Common Stock
- [UVSP](https://www.lighthorse.io/tickers/uvsp) — Univest Financial Corporation - Common Stock
- [STBA](https://www.lighthorse.io/tickers/stba) — S&T Bancorp, Inc. - Common Stock
- [GSBC](https://www.lighthorse.io/tickers/gsbc) — Great Southern Bancorp, Inc. - Common Stock

---

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.

Data provided by [AInvest](https://www.ainvest.com).