Analyst Ratings for Mercantile Bank Corporation (MBWM)
MBWM Rating Summary
MBWM Price Target Summary
- Highest: $65.00 (Raymond James)
- Lowest: $54.00 (Stephens)
- Average: $61.25
* Over Last 12-Mos
Overall Rating:
NEUTRAL
Rating Trend:
Avg. $ Target:
$61.25 (-0.8%)
* Over Last 12-Mos
Rating Score: 3.8 / 10
Percentile Rank: 36%
Avg. $ Target:
$61.25 (-0.8%)
* Over Last 12-Mos
Rating Score: 3.8 / 10
Percentile Rank: 36%
| Date | Firm | Analyst | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 9/1/2026 | Raymond James | Nicholas Holowko | New Coverage | Outperform (N/A) |
65.00 (N/A) |
59.76 (61.73) |
3.3% | Details |
| 7/22/2026 | Hovde Group | Brendan Nosal | Downgrade | Market Perform (Outperform) |
62.00 (N/A) |
59.68 (61.73) |
3.43% | Details |
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