Analyst Ratings for Mercantile Bank Corporation (MBWM)
MBWM Rating Summary
MBWM Price Target Summary
- Highest: $62.00 (Hovde Group)
- Lowest: $54.00 (Stephens)
- Average: $58.00
* Over Last 12-Mos
Overall Rating:
BUY
Rating Trend:
Avg. $ Target:
$58.00 (+10.6%)
* Over Last 12-Mos
Rating Score: 5 / 10
Percentile Rank: 52%
Avg. $ Target:
$58.00 (+10.6%)
* Over Last 12-Mos
Rating Score: 5 / 10
Percentile Rank: 52%
| Date | Firm | Analyst | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 3/24/2026 | Stephens | N/A | New Coverage | Equal Weight (N/A) |
54.00 (N/A) |
50.28 (52.45) |
4.32% | Details |
| 7/24/2025 | Raymond James » Updated 1/21/2026 |
Daniel Tamayo | Upgrade | Outperform (Market Perform) |
57.00 (54.00) |
48.91 (52.45) |
7.24% | Details |
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